Leengate Valves

Wholesaler, stockist and distributor of industrial valves

Leengate Valves

Sector

Manufacturing

Location

Somercotes

Deal type

Management Buyout

Investment size

Undisclosed - 2.3x return

Investment date(s)

2013 - 2019

Website

leengatevalves.co.uk

"We were very proud to become an independent business with the help of YFM Equity Partners. Having increased our customer base in the UK and Ireland, employed additional staff to help deliver our growth, it was a pleasure working with them to achieve the realisation of their investment."

Steve Pickering, MD of Leengate Valves Ltd

The business

  • A wholesaler, stockist and distributor of industrial valves and the sole UK and Eire distributor for all key suppliers
  • Offers customers technical advice and expertise which differentiate the company from its competitors
  • Supplies one of the largest ranges of industrial valves in the UK to leading re-sellers in the gas, water and industrial sectors

The strategy

  • Back the experienced management team with an excellent reputation in the industry
  • Expand by building on the responsive service, growing the product range, investing in capacity
  • Look for opportunities to acquire competitor / complementary businesses

The developments

  • Delivered double digit revenue growth by increasing penetration with existing customers and developing new products
  • Invested in new warehouse facilities to double capacity and enable further growth
  • Acquired a complementary industrial valves business
  • YFM funds exited as part of a secondary buy out in 2019 for 2.3x return
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