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Thomas Broadbent to expand into green energy sector

Posted on 22 Nov 2024. Edited by: John Hunter. Read 1284 times.
Thomas Broadbent to expand into green energy sectorHuddersfield-based Thomas Broadbent & Sons has received a flexible, multi-million pound asset-based lending facility from IGF. The funding is strategically designed to support the company’s ambitious growth plans and expansion into emerging markets and will enable Thomas Broadbent to enhance its operational capabilities and drive innovation as it embraces new opportunities in the green energy sector. This includes working alongside strategic partners to pioneer advancements in carbon capture, flue gas desulfurisation, and water recovery — all aimed at reducing emissions and enhancing resource recovery.

With IGF’s support, Thomas Broadbent is well positioned to continue expanding its capabilities, meeting the needs of traditional customers, while venturing into transformative new markets. The business is a family-owned UK engineering powerhouse and has been a trusted name in industrial centrifuges since 1864, serving key sectors such as sugar, energy, petrochemical, and industrial laundry. It has a rich legacy in technical expertise and recently shifted its focus into green energy and recycling markets, showcasing its commitment to innovation and sustainability.

The UK company’s custom-designed equipment serves over 50 markets worldwide and it has dedicated offices in the USA, Thailand, China, and India providing localised support and services. Thomas Broadbent’s specialised on-site process laboratory enables its clients to scale up production confidently, ensuring each solution is tailored to client needs, from sugar processing to advanced recycling.

Matt Durkin Jones, finance director at Thomas Broadbent, said: “The funding from IGF will play a crucial role in supporting our growth initiatives across various sectors. Its partnership and understanding of our business needs will enable us to pursue new opportunities, including our commitment to sustainability and innovation.”

Richard Spielbichler, ABL director at IGF in Manchester, said: “We are excited to partner with Thomas Broadbent and look forward to working alongside the company to help achieve its growth objectives into new markets and ongoing innovation.”

A team from Interpath Ltd provided Debt Advisory services to Thomas Broadbent to secure the company’s first holistic finance raise in its 160-year history.

Ben Smith, Interpath Advisory’s debt team director, who led the transaction, said: “Finding the right funding partner is critical to the success of an ambitious business. Thomas Broadbent has a rich history in the precision engineering sector and has proven its pedigree through international expansion and has established a leading position in key economic sectors.

“Now, as the business breaks new ground in the green energy market, the partnership with IGF will give it the firepower and flexible facilities that will grow with the company, build on its generations of success and really push the boundaries of British engineering on a global scale.”