Mid-market private equity investor LDC has backed the management buyout of PAW Holdings to support the company’s growth strategy.
Founded by Alan Walker in 2001, PAW designs, manufactures and installs pre-engineered light gauge building systems.
Headquartered in Skipton, North Yorkshire, the business is on track to achieve revenues of GBP23 million this financial year.
The business employs more than 80 people across its sites which include locations in Skipton, Brighouse, Evesham and Glasgow.
Following LDC’s investment, the management team plans to further invest in its manufacturing capabilities and service offering.
The MBO was led by CEO Roger French, construction director Paul Smith, commercial director James Walker and technical director Andrew Walker. Walker also remains a director and board member at the company.
The transaction was led by Dale Alderson, Dan Smith and John Garner at LDC in Leeds. Alderson will join the board as a non-executive director.
French says: “Our partnership with LDC marks the next phase of the business’s growth strategy, and I’m pleased that we have a partner that not only shares our vision and ambition but also has the knowledge and experience to help us reach that next level.”
Walker adds: “We have a fantastic management team in place at PAW. With LDC’s investment and support the business has the firepower it needs to develop our offering further and scale the company. It’s not only an exciting time for management, but for our employees, customers and partners too.”
