NVM has completed a significant investment to support the management buy-out of Cheshire based Thyson Technology from a private investor group.
Thyson is a specialist analytical and instrumentation business, which designs and constructs engineering solutions used in the analysis and sampling of gases and liquids for process industries engaged in activities such as fossil fuel extraction, processing and distribution, green energy production, water treatment, petrochemicals and nuclear.
Thyson has designed, built and commissioned analyser systems for a large number of blue chip companies across a variety of sectors with facilities around the globe. Current customers include the National Grid, BP, Air Liquide, ExxonMobil and Qila Energy.
The business is led by Mike Braddock, who joined in 2014.
Debt finance for the transaction was provided by Allied Irish Bank (GB)’s Manchester office (Mike Rogers and Stuart Lake).
Braddock says: “Our new partnership with NVM signals the start of what will be a successful long term relationship and NVM’s support will be instrumental in driving our future growth as we look to further develop our services and customer base. We are delighted to welcome NVM’s Andy Leach to the board and look forward to working alongside our new partners as we build on the successful track record established by Thyson.”
Andy Leach, investment partner of NVM, says: “Backing Thyson is another indication of NVM’s appetite to invest within the regions to support ambitious UK management teams. Thyson is a high-quality business with a market leading reputation in the provision of innovative specialist engineering solutions. For NVM, the business has identified clear opportunities to achieve future growth and its first-class management team has the ambition and commitment to deliver on this. We look forward to supporting Mike and his team as they seek to continue its growth and widen Thyson’s services both in the UK and overseas.”
