Crash barrier specialist hits growth lane

A contractor is gearing up for expansion following a management buyout.

Protek Fencing, a Leeds-based firm specialising in motorway crash barriers and road restraint systems, has completed a multi-million-pound buyout led by managing director Kris Sharp and commercial manager Matthew Pickering. 

The deal was supported by funding from Mercia Debt, including the SME Loans fund and the NPIF II – Mercia Debt Finance, which is managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II).

The buyout also marks the retirement of former contracts director Scott Clayton.

Kris, whose father Richard was one of the five engineers who established the firm in 1987, says the cash will help Protek invest in new plant and technology as it aims to win larger contracts and broaden its services into bridge parapets.

The company, which currently employs 11 people, is working on projects such as the Armley Gyratory upgrade and A69 barrier replacement.

Kris said: “Nearly four decades of quality and reliability have given Protek its reputation. 

“Our goal is to increase turnover by adding specialist parapet works and expanding our footprint across the UK.”

Gary Whitaker, investment director at Mercia, added: “Kris and Matt have the sector knowledge and drive to take Protek to the next level. 

“Our tailored package not only funds the buyout but equips the business for immediate growth.”

The £660 million NPIF II fund, which is operated by British Business Bank, provides loans from £25,000 to £2 million and equity investment up to £5 million to help small and medium-sized businesses grow.

Lizzy Upton, British Business Bank senior investment manager, added: “NPIF II is here to support ambitious regional businesses through key moments of transition and growth, and Protek Fencing is a great example of that. 

“We’re pleased to support the new management team as they build on Protek’s strong foundations and drive the next phase of growth.”

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