More than 200 jobs safeguarded as company is acquired out of administration
A Wakefield-headquartered provider of specialist industrial services has been bought of administration.
Kristian Shuttleworth and Clare Boardman of Teneo Financial Advisory Ltd were appointed joint administrators of TEi Ltd on 7 March 2025.
Immediately following their appointment, the administrators completed the sale of the company’s business and assets to Titan Bidco.
The deal includes the transfer of all of the company’s 219 employees and will ensure continuity of service to customers.
The purchaser is a new company which is a sister company to Rainham Industrial Services, a national provider of industrial repair, maintenance and site installation services.
Rainham is backed by HIG Capital, a global alternative assets firm.
TEi provides design, supply, repair, maintenance and site installation services to the oil and gas, power generation, steel making and chemical processing industries.
Kristian Shuttleworth, joint administrator, said: “We are pleased to have been able to deliver a transaction which preserves the future of the TEi business as a going concern within a growing group, ensuring uninterrupted services to customers and importantly protects jobs.
“We would like to thank TEi’s management team, employees and stakeholders for their support throughout the process.”
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