MBO completed at Skipton’s PAW Holdings Limited

PAW Holdings Limited, the Skipton-based designer and manufacturer of pre-engineered light gauge building systems, has undergone a management buyout.

Founded by Alan Walker in 2001, PAW is on track to achieve revenues of £23m for this current financial year.

The business employs more than 80 people across its sites which include locations in Skipton, Brighouse, Evesham and Glasgow.

The transaction was led by Dale Alderson, Dan Smith and John Garner at LDC, the mid-market private equity investor.

Following LDC’s investment, the management team plans to further invest in its manufacturing capabilities and service offering, enabling PAW to continue to meet the demands of its key clients.

The MBO was led by CEO Roger French, construction director Paul Smith, commercial director James Walker and technical director Andrew Walker. Founder, Alan Walker also remains a director and board member at the company.

Dale will join the board as a non-executive director.

Roger French said: “Our partnership with LDC marks the next phase of the business’s growth strategy, and I’m pleased that we have a partner that not only shares our vision and ambition but also has the knowledge and experience to help us reach that next level.”

Founder Alan Walker added: “We have a fantastic management team in place at PAW. With LDC’s investment and support the business has the firepower it needs to develop our offering further and scale the company.

“It’s not only an exciting time for management, but for our employees, customers and partners too.”

Dale Alderson, investment director at LDC, commented: “PAW is a high quality business built on specialist technical know-how and customer focus.

“PAW recognised a gap in the market and developed a product and service that meets customers’ exact requirements, at every stage of the build process. We are delighted to support the business during its next stage of growth and development.”

PAW was advised by Paul Thompson and Cameron Varley at Camlee Group, alongside legal advice from Ian Gilbert at Walker Morris.

LDC was advised by a team led by Richard Goldsack at Grant Thornton and Gary Elliott at Addleshaw Goddard. Financial Due Diligence was undertaken by Will Oxley at PwC, with Commercial Due Diligence completed by CiL.

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