President Engineering

Specialist manufacturer of precision engineered valves

President Engineering

Sector

Business Services

Location

Sheffield

Deal type

Growth Capital & Management Buyout

Investment size

£1m - 8.5x return

Investment date(s)

2010 - 2015

Website

"YFM was quick to recognise the strength of the business and the growth opportunities available. Their support was key in getting the deal over the line."

Mark Henley, MD of President Engineering Group

The business

  • A specialist manufacturer of technically advanced, precision engineered valves
  • The leading brand in dust suppression with a reputation for mining safety and a small cryogenic valves division
  • A strong management team with considerable industry experience

The strategy

  • Back the proven management team in a sensibly priced, traditional business with strong brands and loyal customers
  • Capitalise on organic sales growth opportunities in developing markets
  • Invest in product innovation and manufacturing capabilities to stay ahead of the market

The developments

  • Introduced an experienced chair to mentor management through the separation from their parent company
  • Invested in larger UK manufacturing capabilities and acquired a complementary mining business in 2012, increasing revenues by over 75% to £19m
  • Significantly expanded the cryogenic valve division by growing the product range and customer base
  • Sold to Parker Hannifin Corporation, a US technology conglomerate, generating an 8.5x return for YFM funds
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