Case study

ADEY: Supporting award-winning growth

The private equity treatment enables international and domestic growth at Queen’s Award winner.

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Sector
  • Construction & property
  • Industrials

ADEY is Europe’s largest water treatment manufacturer serving the domestic and commercial heating sectors.

Employees: 75

Deal type
  • Management buyout

ADEY is Europe’s largest water-treatment manufacturer serving the domestic and commercial heating sectors.

As a market leader, ADEY is unique in offering the market a ‘total system solution’ through a family of products designed to clean, flush, maintain, protect and test residential and commercial heating systems.

Royal recognition

ADEY’s management team secured LDC’s support when a management buyout was completed in 2016 with a focus on international expansion.

ADEY has been awarded the Queen’s Award for Enterprise in International Trade three times. The award recognises ADEY’s homegrown success and expansion into 19 European countries as well as China, the United States, Australia and New Zealand.

In 2019, ADEY also ranked 111th in The Sunday Times International Track 200 after recording £4.1m sales to the EU in 2017, an increase of over 55 per cent on the previous year.

LDC’s investment marks the next chapter in our growth journey and will help us achieve our goal of providing our customers around the world with the best possible preventative solutions in the heating systems market.”
John Vaughan, CEO
ADEY

Continued domestic expansion

The management team has continued to focus on the UK market and ADEY’s commercial water-testing service was strengthened in June 2019 with the acquisition of specialist business Alpha Scientific Limited. The deal expanded ADEY’s market presence across the UK with the inclusion of Alpha Scientific laboratories in Slough and Manchester.

LDC continues to support ADEY’s management team as it looks to build on its impressive growth journey.

Awards

The Sunday Times International track 200

2019

The Queen’s Award for Enterprise

2017

Deal of the Year

ADEY – Insider South West Dealmakers