IW Capital is pleased to announce the successful completion of its fundraising for Concrete Panel and Block Company Limited.
Concrete Panel and Block Company Limited is a new company, created to acquire Concrete Panel Company, a mature and profitable business manufacturing a range of concrete panels and blocks, based near Selby in North Yorkshire.
Concrete Panel and Block Company Limited has been added to the strong IW Capital portfolio of SME’s. In-house production of a range of concrete based products and an established and diverse customer base are just some of the investment highlights for IW Capital. In addition, a robust sales and marketing strategy is in place to grow the business substantially over the next 3-4 years.
The IW Capital buy-in team has a clear plan to develop the business further and believe they can consolidate the current strong customer base, introduce a number of professional disciplines and expand activities into a number of complementary sectors. The management team has a background in manufacturing and is particularly strong in the contracting and construction sectors.
David Best, Investment Director at IW Capital said “We were delighted to win the mandate in the face of significant competition from local private equity houses. Our investors have again demonstrated their keen appetite to support experienced management teams acquiring established and profitable businesses”.
Concrete Panel and Block Company Limited is another leading investment opportunity offered by IW Capital and qualifying investment under the Enterprise Investment Scheme (EIS).