Member Article

NVM supports management buyout at Cheshire engineering business

Newcastle-based NVM Private Equity has stumped up a ‘significant investment’ in support of the management buyout of Thyson Technology.

As part of the deal, the North East private equity business has invested an undisclosed amount in the Cheshire-based engineering company to support the management team in acquiring the business from a private investor group.

Founded in 1994, the Ellesmere Port engineers provide design and construction services for industries related to fossil fuel extraction, green energy production, water treatment, nuclear and other energy extraction and development activities.

Working with blue chip companies such as National Grid, BP and ExxonMobil, Thyson styles itself as a ‘measurement solutions provider’, with analytical and instrumentation relating to the sampling of gases and liquids a core part of its proposition.

Since 2014, the Cheshire firm has built an experienced management team under the stewardship of Managing Director Mike Braddock, with Matt Allen as Financial Director, Glen Lancaster as Sales Director, Karl Daniel as Engineering Director and Nick Maguire as Commercial Director

Following the buyout Braddock commented: “Our new partnership with NVM signals the start of what will be a successful long term relationship and NVM’s support will be instrumental in driving our future growth as we look to further develop our services and customer base.

“We are delighted to welcome NVM’s Andy Leach to the board and look forward to working alongside our new partners as we build on the successful track record established by Thyson”

Andy Leach, Investment Partner of NVM said that the firm’s backing of Thyson indicated NVM’s ‘appetite to invest within the regions’ and support ambitious management teams in the UK.

He added: “Thyson is a high-quality business with a market leading reputation in the provision of innovative specialist engineering solutions.

“For NVM, the Business has identified clear opportunities to achieve future growth and its first-class management team has the ambition and commitment to deliver on this.

“We look forward to supporting Mike and his team as they seek to continue its growth and widen Thyson’s services both in the UK and overseas.”

Debt finance for the transaction was provided by Allied Irish Bank (GB)’s Manchester office, while the management were advised in the transaction by Hill Dickinson and Mazars.