Evolution Infrastructure joins the Steer Group
- Amberside Advisors
- 7 hours ago
- 3 min read
We’re pleased to announce that Evolution Infrastructure is joining the Steer Group to work alongside Amberside Advisors as part of Steer’s continued investment in specialist financial advisory capability across energy and infrastructure.
The UK is one of the world’s most mature infrastructure and energy markets, characterised by long asset lives, complex financing structures, public-sector involvement and rigorous regulatory scrutiny. Operating successfully in this environment demands deep financial expertise, robust modelling and independent judgement.
Within this context, Amberside Advisors has been part of the Steer Group since 2022, providing financial advisory and modelling services across the infrastructure and energy sectors.
That UK advisory capability is now being further strengthened through the addition of Evolution Infrastructure, a specialist firm with complementary expertise, into the wider Steer Group. Together, Amberside Advisors and Evolution Infrastructure bring closely aligned experience across complex, high-value mandates, particularly where financial structuring, modelling rigour and long-term risk allocation are central to client decision-making.
Over the years, both teams have advised on a wide range of complex assignments, including major infrastructure greenfield financings, refinancing programmes, valuation and modelling to support investment decisions, and long-term asset development across regulated and public-sector environments.
The new partnership between Amberside Advisors and Evolution Infrastructure builds on this experience, enabling greater depth and flexibility to support larger, more complex mandates in the future.
The two firms have already contributed to several major UK infrastructure assignments. Most recently, both companies played key roles on one of the UK’s largest greenfield infrastructure projects procured in recent years: the £3bn Haweswater Aqueduct Resilience Programme (HARP). Evolution Infrastructure advised GLIL Infrastructure through the investment decision phase, while Amberside Advisors was jointly appointed by United Utilities and Cascade Infrastructure - a consortium including GLIL, Equitix and Strabag - to provide ongoing assurance services.
HARP is a nationally critical water infrastructure project and the first to be delivered under Ofwat’s new DPC model. The complementary involvement of both firms on this landmark project demonstrates a shared level of technical capability, strategic alignment and ambition to support complex, long-term infrastructure delivery.
Hugh Jones, CEO, Steer Group:
“This acquisition reflects Steer’s ambition to build a leading financial advisory capability for the energy and infrastructure sectors, at a time when projects are becoming larger, more complex and subject to greater scrutiny. Bringing Amberside Advisors and Evolution Infrastructure together deepens our expertise and resilience on the most demanding mandates, while enabling Steer to support clients with a more comprehensive service portfolio across a broader set of markets, geographies and long-term investment challenges.”
Paul Austin, Founding Director, Amberside Advisors:
“Our work increasingly sits at the intersection of complex financing, long asset lives and public accountability. This partnership strengthens our ability to service larger, more complex mandates, while preserving the independence, rigour and client relationships that define how we work.”
Daniel Tyreman, Managing Partner, Evolution Infrastructure:
“Joining Steer Group provides a stronger platform and long-term backing to accelerate our growth, supported by strategic recruitment and access to new markets. With the increased depth of resource, we will be able to support clients more effectively as projects expand in scale, complexity, and geographic reach, while remaining firmly committed to high-quality, independent financial advice – all underpinned by the strong analytical discipline for which we are known."
In the short term, Amberside Advisors and Evolution Infrastructure will continue to operate as distinct businesses, with collaboration focused on assignments where combined expertise genuinely strengthens outcomes for our clients. Steer provides long-term backing and stability, while client relationships and delivery remain led by the respective firms.
If you have any questions about this announcement, please get in touch.
