Management buyout at glass firm
Pyroguard has secured capital investment, which has facilitated a management buyout and boosted plans for expansion.
The company said that with the backing from ESO Capital Partners UK, it can strengthen its position across the UK, Europe and selected wider global markets. The new investment will enable the management buyout of Pyroguard’s former private equity backers, Dunedin and NVM.
Led by CEO Neil Tilsley, the existing management team will become majority equity shareholders. Nick Brayshaw will continue in his role as non-executive chairman, while David Steel, director at ESO, joins the board.
Neil said: “Dunedin and NVM have been highly supportive investors for several years and have played a significant role in making Pyroguard the successful high growth business it is today. Bringing in a new external institutional investor like ESO, who has supported rapid growth across a range of businesses before, will bring not only a fresh perspective but also help us to accelerate our ambitious growth plans.”