Mon, 16 Sep 2019 | MBO/MBI
SRL Traffic Systems, a manufacturer and supplier of portable and temporary traffic equipment, has successfully completed a management buyout (MBO) backed by mid-market private equity firm LDC.
The PE firm provided an investment fund of £24 million to support the MBO.
Although headquartered in Cheshire, SRL operates 26 depots across the country to supply its equipment to large infrastructure projects.
The MBO was led by the current chief executive Richard Tredwin, who manages 140 members of staff and a fleet of more than 7,500 units. The business’s latest records show a turnover of £18.4 million in the most recent financial year.
Tredwin said: “Our number one priority is to ensure our customers have access to the best technology in the market without compromising on quality. As demand increases, we need an investment partner that has the desire and commitment to support ambitious management teams, as well as the track record to help us deliver just that.
“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.”
Investment director at LDC, John Clarke, led the deal and is set to join the board as a non-executive director.
He commented: “With a focus on innovation and a commitment to service, SRL has established itself as the UK's market leader in the provision of traffic management and information systems.
“With such strong foundations, Richard and his team now have a huge opportunity to capitalise on the ongoing investment in the UK's road infrastructure and further develop the business' scale, strength and success across the UK.”
This well-established UK-based supplier of natural animal health products, located in South East England, boasts a diversified portfolio across hygiene, grooming, nutritional, and herbal goods, catering predominantly to canine, equine, and increasing...
A leading bespoke joinery manufacturer specialising in high-end residential projects, delivering exceptional craftsmanship and innovative design.
An opportunity has arisen to acquire a metal fabrication and installation company based in the East of England. The company benefits from a wealth of experience and has built a solid reputation throughout its 14-year trading history.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.