Turner & Townsend secured an £80 million (approximately $111.6 million) finance package from Lloyds Bank Commercial Banking, HSBC and Royal Bank of Scotland.

The five-year revolving credit facility provides working capital for the business to expand its geographical footprint and invest in new services and capability.

The company reported record turnover of £380 million (approximately $530 million) in its most recent financial figures and has 4,300 employees worldwide. It also recently converted to a limited liability partnership.

CEO Vincent Clancy said, “Our sustained turnover growth in the last five years is an endorsement of the consistent investment we’ve made in the company. Our extended banking arrangements, coupled with our switch to a limited liability partnership, allows us to invest in our capability and to continue to transform our business to deliver better results for our clients.”

Lloyds Bank Commercial Banking Relationship Director Richard Townsend said, “The impressive growth of Turner & Townsend – with turnover up by 75% since 2010 – is a testament to the ability of the ambitious and experienced management team which has a combined 125 years of service with the company.”