Stuart Turner, the manufacturer of water boosting pumps and systems, has acquired pressurisation and HVAC specialist Mikrofill Systems.
The transaction has been supported by follow-on funding provided by Stuart Turner’s private equity backer LDC.
Founded in 1906, Stuart Turner designs and manufactures water powering solutions, from domestic pumps to large water boosting systems for commercial and industrial projects.
LDC backed the management buyout of Stuart Turner in 2017 to help the business target further growth in the commercial pumps sector and support international expansion. During its partnership with LDC, the business has now acquired three complementary businesses. The acquisition of Mikrofill follows its purchases of Fluid Water Solutions in 2019 and GAH Heating in October 2018.
Based in Redditch, Worcestershire, pressurisation specialist Mikrofill produces pressurisation units for sealed system control, commercial grade boilers and water heaters.
Following the deal, Mikrofill will continue to operate an as independent entity but as part of Stuart Turner. The transaction also provides an exit for Mikrofill Founders Roger and Pat Cherrington.
PMSI provided CDD on the transaction, including sizing the market, validating the ‘go to’ status of the brand within its sector and investigating international expansion opportunities.
https://ldc.co.uk/news/ldc-backed-stuart-turner-acquires-mikrofill-systems/
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