Arbuthnot Commercial ABL has provided a significant £7m funding package to support NVM Private Equity’s secondary buyout of MRO Solutions from Cairngorm Capital. This funding builds upon ACABL’s initial support for the business, with their relationship dating back to 2020.
The incumbent team, led by Matt Cattell, has achieved a 50% growth in revenue since he joined four years ago. Kevin Appleton will join the board as Non-Executive Chairman, providing additional leadership and strategic oversight. The market’s fragmented nature presents an attractive buy-and-build opportunity to complement the company’s organic growth plan. Funding for acquisitions has been reserved as part of the investment, enabling the group to accelerate its M&A strategy post-transaction and consolidate its market position.
MRO Solutions is a highly technical distributor of critical products to various process and manufacturing industries. The Group operates nationally through its subsidiaries, MJ Wilson and Helix Tools. MJ Wilson specialises in distributing process instrumentation and control products, serving the energy, power generation, and process industries. Helix Tools provides technical support for precision manufacturing clients, addressing their tooling needs.
Commenting on the transaction, Charlie Pidgeon, Investment Partner at NVM Private Equity LLP, expressed enthusiasm about the buyout. He highlighted the aim to fuel additional investment, enabling MRO Solutions to realise its growth objectives and pursue acquisitions to consolidate its market position. Pidgeon praised Arbuthnot Commercial ABL for their direct approach, responsiveness, and support for growth, expressing confidence in scaling the business and capitalising on opportunities across branches, products, territories, and selective acquisitions.
Andrew Rutherford, Commercial Director at Arbuthnot Commercial ABL, also expressed excitement about extending their relationship with Matt Cattell and his team. He noted the success of the initial acquisition in 2020 and the team’s navigation through COVID to see the business thrive. Rutherford highlighted that the new deal strengthens MRO Solutions’ market position and enables them to seize new opportunities through organic growth and M&A.
Arbuthnot Banking Group PLC (LON:ARBB), trading as Arbuthnot Latham, provides private and commercial banking products and services in the United Kingdom. Founded in 1833, Arbuthnot Banking is based in London, United Kingdom.
