Rockpool Investments supports the MBO of Hydralectric Group
Wilson Partners Corporate Finance is pleased to announce that we recently advised Rockpool on its investment in Hydralectric Group.
“Wilson Partners delivered the level of support and expertise we have come to expect from them, providing us with unfettered access to senior corporate finance, tax and audit specialists throughout the deal”
Anthony Francis, Rockpool
Rockpool Investments LLP has provided funding to accelerate growth and to support the management buy-out of Byfleet based Hydralectric Group Ltd. The transaction is Rockpool’s 14th investment completed so far in 2016 and takes the total amount invested since 2013 to £232m.
Hydralectric provides a range of valves and flexible hose assemblies, selling mainly to manufacturers of showers, drinks vending machines, boilers, catering equipment, water softeners and medical equipment. Established in 1976, the business prides itself on its partnership based, solution oriented approach to client’s needs and has built a strong reputation for quality. Hydralectric is thought to be the largest UK-based supplier into the UK market and there is significant opportunity for an innovative and well-managed business to achieve further growth.
The new board of directors comprises existing Sales Director, Richard Black, and existing Technical Director, Mike Quinn, together with an experienced Chairman, Andrew Bristow, and a new CEO, Simon Willis.
Simon Willis, Hydralectric Managing Director, Commented:
“Our growth to date has been exceptional and recent investment in technology provides sufficient capacity to significantly increase our operational capability. The new management team is relishing the challenge of leading the company to the next level, expanding our services into new sectors and further growing the business.”
“Rockpool Investments provided a pragmatic approach to the transaction and supported the management team throughout the process. We believe they will prove to be a positive and strategic partner for the next stage of growth”.
Anthony Francis, Rockpool Investments LLP, said:
“The sales and technical expertise of the existing management combined with the experience and relationships brought by the incoming CEO and Chairman will provide a strong platform for growth in the coming years. We are excited to have the opportunity to support and work with such a strong and dynamic MBO team going forward. We further believe that the business itself is well positioned in the market, with a focus on bespoke solutions and a particularly strong presence in sectors where customers value high quality.”
Dan James, Head of Transaction Services at Wilson Partners added:
“It was fantastic to be working with the Rockpool team again, supporting them through to the completion of another exciting investment for their portfolio”
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