Water treatment firm aims for growth after buyout

A family-run water treatment equipment firm is plotting international expansion following a management buyout.

Gaffey Technical Services has been taken on by Hannah and Daniel Gaffey.

The duo have succeeded parents Philip and Paula, with the Accrington-based operator promising the move will support efforts to “grow into new geographical regions… and drive digital transformation”.

Founded in 1986 by Mike Gaffey as a chemical dosing and control systems provider to commercial pool and industrial water sectors, its portfolio today includes water disinfection apparatus.

Hailing the “milestone” move, Philip Gaffey, managing director, said: “This is a significant and proud moment for our family and our business. 

“With nearly ten years of involvement from Hannah and Daniel, we’ve built a strong foundation for the future. 

“The management buyout is not just about ownership; it’s about commitment to our team, our customers and the continued innovation that defines who we are.”

The buyout was supported by Blackburn, Bolton and Manchester-based Pierce Corporate Finance, with corporate finance director Steve Bell and advisor Khadija Patel, providing valuation, deal structuring and negotiation support.

Steve said: “This is a business with a rich heritage, clear technical leadership and strong international presence.

“The management buyout secures the legacy of the company while positioning it for long-term growth.”

Dominic Ball, Pierce tax director, provided tax advice, with funding provided by Mercia Asset Management. 

Legal advice was delivered by Greg Gardner-Boyes, of KBL Solicitors.

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