ThinCats supports MBO at Elland-based manufacturer
Posted on 15 Apr 2022 and read 1323 times
, a leading alternative lender to mid-size SMEs, has provided a multi-million pound facility to support the management buy-out at Elland-based HPC Laser
, a laser cutting and engraving machine supplier.
The company, established in 2006, supplies an extensive range of high-quality CO2
and fibre laser engraving and cutting machines as well as CNC routers, and provides industry-leading training and after-sales service. The business has supplied over 6,000 machines throughout the UK and overseas, for numerous applications and counts blue chip companies in the aerospace, automotive, technology and education sectors among its customers.
Already existing shareholders, CEO Neil Stewardson and managing director Steve Cockerham, have diversified the product range and driven strong growth in sales across HPC’s top lines. Further investment is being made in product development, sales, and marketing to capitalise on the growing demand for high-power industrial laser machines. The pair have acquired 100% of the shares.
Neil Stewardson, CEO, HPC Laser: “We are delighted to be leading the business through the next phase of its growth together. We look forward to providing even more customers with the best value products and exceptional after-sales service. We would like to thank Ben and the team at ThinCats for their responsiveness throughout the funding process and ensuring the transaction went smoothly.”
Ben Kimball, ThinCats director of business development, said: “It has been a pleasure to support Neil and Steve on this transaction. They have a fantastic reputation in the industry and the business continues to deliver market-leading products and services to its expansive customer base. I am excited to see what’s next for the company.”