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SRL Traffic Systems: Investment to accelerate growth

Management buyout and £24m investment supporting capital investment programme.

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Sector
  • Industrials
  • Support services

SRL Traffic Systems (SRL) is the UK’s leading manufacturer and provider of portable and temporary traffic equipment.

Employees: >140

Deal type
  • Management buyout
Investment

£24m

The Team
LDC Region

Headquartered in Cheshire, SRL boasts a nationwide network of 26 depots. It has the industry’s biggest range of temporary pedestrian and traffic light systems and is the UK market leader in sale and hire to the traffic-management sector.

Its equipment is used on many of the UK’s largest infrastructure projects, providing customers with 24/7 support and maintenance services.

Building on a successful track record

In September 2019, we invested £24m to back the management buyout of the business, as it embarked on the next phase of its growth strategy.

The buyout was led by SRL’s existing CEO Richard Tredwin and his management team.

Under his leadership SRL had already grown rapidly to employ more than 140 people, operate a fleet of more than 7,500 units and record a turnover of £18.4m in the 2018/2019 financial year.

With our support, Richard and his team have kick-started a multi-million-pound capital investment programme to accelerate organic growth.

With strong credentials in the traffic management sector and a track record for partnering with management teams to drive growth, LDC’s support will enable us to invest for the benefit of our customers and unlock the potential of our business.”
Richard Tredwin, CEO
SRL Traffic Systems

This includes expanding SRL’s current hire fleet, developing its manufacturing capability to increase production and investing in new product development to further broaden its service offering.

The management team is also exploring targeted acquisitions to support further diversification of SRL’s capabilities.