LDC has made a minority investment in a Dudley-based lift repair specialist, with plans to boost its ambitious growth strategy.
Deltron maintains and repairs elevators, service lifts and stairlifts to improve their safety, performance and lifespan.
The firm employs 94 staff who maintain 9,000 units across the UK, with more than 1,700 customers across both the public and private sectors, including housing associations, local authorities, hospitals and property and facilities management firms.
LDC says its investment will help Deltron accelerate an ambitious strategy underpinned by investment in its services and complementary acquisitions. Over the last two years, Deltron has delivered significant year-on-year growth and with LDC’s support, the management team plans to build on this momentum by scaling and expanding across the UK.
It’s backing Deltron’s existing management team, led by Directors Scott Haywood and Lukas Schlenker.
Duncan Cooper will join as a Non-Executive Chair, bringing a wealth of experience supporting the growth of companies in the manufacturing and engineering sectors. This includes 19 years at Grundfos Pumps, a global water pump manufacturer with an aftermarket pump repair division, where he served in a number of executive positions, including as its Managing Director for Western Europe and the Americas.
PMSI provided CDD to support the transaction, addressing key investment themes including: an assessment of the maintenance market for lifts and stairlifts, the impact of drivers such as the switchover in lift communication systems (PSTN to GSM), Deltron’s competitive position, customer retention / churn, and the impact of the company’s potential buy and build strategy.
Lukas Schlenker, Director at Deltron Lifts said: “Working with PMSI Consulting has been an exciting experience for us during our recent due diligence process. The PMSI team delivered a very objective approach and provided us with some very helpful insights into our customer base and wider industry. They are professional and very detailed in the work they do so we can only recommend their services.”
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