Tue, 03 Sep 2013 | MBO/MBI
The management team behind Angus Fire has secured the capital it needs to conduct a buy-out of the business thanks to backing from Epi-V.
Headquartered in Oxfordshire, Angus Fire supplies fire fighting products and technology. It is a global leader in its sector and can trace back its history as a manufacturer of fire protection products over 200 years.
Its new owners are looking to expand the company's offerings into the development of disruptive technologies in the oil and gas sector, as well as expertise in the shale fracturing sector.
Epi-V, which is in turn backed by mid-market private equity investor LDC, will take an equity stake in the business as part of its support in the £62 million transaction.
Paul Williams, chief executive of Angus Fire, commented: "LDC's investment provides the financial and strategic support to help us capitalise on the increased demand in emerging markets and the buoyant oil and gas sector for our products.
"We look forward to creating a unified proposition and cementing the business' market-leading position through investment in new plant and equipment and operational improvements to increase our manufacturing capacity and to be able to serve the market demand more effectively."
Angus Fire operates on an international basis, but in addition to its Oxfordshire headquarters it has a production facility near Lancaster and conducts its engineered fire fighting systems design and project management activities for the energy sectors in Thame, Oxfordshire.
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