LDC invests in Deltron to support growth strategy

LDC, the private equity investor which is part of Lloyds Banking Group, has made a minority investment in Deltron Group (Deltron) to support its ambitious growth strategy.

Dudley-based Deltron maintains and repairs elevators, service lifts and stairlifts to improve their safety, performance and lifespan. Employing 94 people, the business maintains 9,000 units across the UK, with more than 1,700 customers across both the public and private sectors, including housing associations, local authorities, hospitals and property and facilities management firms.

LDC’s investment will help Deltron to accelerate an ambitious growth strategy underpinned by investment in its market-leading services and complementary acquisitions. Over the last two years, Deltron has delivered significant year-on-year growth and with LDC’s support the management team plans to build on this momentum by scaling and expanding across the UK.

LDC is backing Deltron’s existing management team, led by Directors Scott Haywood and Lukas Schlenker, as they embark on the next phase of their growth strategy.

The transaction was led by LDC’s West Midlands team, including Investment Director Matt Newbold, Investment Manager Demetri Theofanou and Partner and Head of the West Midlands Chris Handy.

Duncan Cooper will join as a Non-Executive Chair, bringing a wealth of experience supporting the growth of companies in the manufacturing and engineering sectors. This includes 19 years at Grundfos Pumps, a global water pump manufacturer with an aftermarket pump repair division, where he served in a number of executive positions, including as its Managing Director for Western Europe and the Americas.

Scott Haywood, Director of Deltron, said: “Our target market is growing, driven by increasing urbanisation and the need for the efficient flow of people and goods through densely-populated areas. However, with this also comes a need for trusted, expert maintenance services to ensure elevators, service lifts, stairlifts and other products are operating effectively, safe for users and that organisations are compliant with all relevant standards.”