LDC-backed Stuart Turner acquires Mikrofill Systems
3 Mar 2021
We are constantly exploring opportunities that can further enhance our market leading services. Mikrofill is an established leader in the pressurisation and hot water generation market so this acquisition plays a key role towards our goal of providing a complete heating and water powering solution.”
Roger Cherrington, Founder and Former Chairman, Mikrofill Systems Ltd, added: “After 25 years of dedication, fine tuning our products and building a strong reputation in our market, the time has come to move the company along to the next level. In Stuart Turner we see fantastic opportunities to become part of a bigger picture. I am sure the brand will continue to go from strength to strength and enter new markets. I wish all of the teams involved the greatest success and will be watching with interest.”
Matt Newbold, Investment Director at LDC in the Midlands, added: “We were attracted to Mikrofill because of the innovative approach to delivering best-in-class systems for its customers, sharing the same passion for engineering excellence as Stuart Turner. Its heritage and position within the commercial pressurisation market will help Stuart Turner continue to expand its comprehensive offering to customers in the UK and overseas.”
LDC plays an active role in supporting the buy and build strategies of its portfolio companies, enabling them to build scale and resilience. Two-thirds of its portfolio is currently deploying a buy and build strategy and in 2020 LDC supported 35 bolt-ons across its portfolio.
Banking facilities were provided by Barings. Stuart Turner was advised by Gateley and Orbis.