Cooling, heating and refrigeration equipment






Deal type

Management Buyout

Investment size


Investment date(s)




"YFM is known for successfully growing UK manufacturing business and we are thrilled with the expertise they provide. We are looking forward to working closely with YFM to enable us to deliver our growth plans and reach the Company’s true potential."

Tony Clarkson, Chair of TEV

The business

  • Designs, develops and manufactures cooling, heating and refrigeration equipment
  • Owns and operates two widely recognised brands, Marstair and Quartz, offering quality bespoke products
  • Good position in its niche UK market

The strategy

  • Back a mature and profitable business with a strong position in its market niche
  • Build on the strong growth in recent years, underpinned by regulatory drivers
  • Expand the product range by focusing on lowering environmental impact and improving energy efficiency for customers

Quartz in 120 Seconds. TEV released this video in September 2019 to showcase their Quartz brand of fan coils and HVAC. The video highlights some of their high-profile customers and innovative features as well as their strong commitment to customer service, in just 120 seconds.

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