Arbuthnot Commercial ABL backs secondary buyout of MRO+ Solutions by NVM Private Equity
Arbuthnot Commercial ABL has once again demonstrated its commitment to enabling growth by providing a £7m funding package to support NVM Private Equity’s secondary buyout of MRO Solutions from Cairngorm Capital.
This comprehensive asset-based lending package builds upon ACABL’s initial support for the business, with the relationship dating back to 2020.
The incumbent team is led by Matt Cattell who has overseen a 50% growth in revenue since joining four years ago. Kevin Appleton will join the board as Non-Executive Chairman.
The market is highly fragmented, providing the backdrop for an attractive buy-and-build opportunity to supplement the organic growth plan. As part of the investment, funding for acquisitions has been reserved to enable the group to accelerate the M&A strategy post-transaction and consolidate the market.
MRO Solutions is a highly technical, value-added distributor of critical products to a range of process and manufacturing industries. The Group operates nationally through its wholly owned subsidiaries, MJ Wilson and Helix Tools. MJ Wilson is a specialist value added distributor of process instrumentation and control products servicing the energy, power generation and process industries. Helix provides technical support to a range of precision manufacturing clients supporting their tooling requirements.
Commenting on the transaction, Charlie Pidgeon, Investment Partner at NVM Private Equity LLP, said:
“In backing the incumbent team in this secondary buyout, our aim is to fuel additional investment, enabling MRO+ Solutions to realise its organic growth objectives and pursue acquisitions to consolidate its position in this fragmented market. Working alongside Arbuthnot Commercial ABL, we look forward to a positive journey ahead, benefiting from their direct approach, responsiveness, and appetite to support growth. With the right capital structure in place, we aim to scale the business, capitalising on opportunities across branches, products, territories, and selective acquisitions”
Andrew Rutherford, Commercial Director at Arbuthnot Commercial ABL, said:
“We are thrilled to extend our relationship with Matt Cattell and his team, and to have the opportunity to work closely with NVM in enabling the group to achieve its business vision. We were delighted to be able to support the business with the initial acquisition back in 2020, and Cairngorm and the management team as they navigated through COVID to see the business thrive. The new deal not only further strengthens MRO+ Solutions’ market position but also enables them to capitalise on the exciting new opportunities ahead, both through organic growth and M&A.”
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