Specialist door manufacturer snapped up by private equity firm
A Doncaster-based specialist door manufacturer has been acquired by private equity firm Cairngorm Capital.
Sentry Doors was established in 1989 and is a specialist manufacturer of timber fire and security door-sets for the social housing, public sector, commercial and residential markets. The business operates nationally from a 32,000 sq ft facility in Doncaster.
Cairngorm Capital’s investment will enable Sentry Doors to accelerate its growth and consolidate its position as the industry leader in the timber fire and security door-set market.
Sentry Doors intends to expand its manufacturing capacity substantially and extend geographic distribution. The transaction marks Cairngorm Capital’s entry into the fire protection sector.
The transaction was triggered by the decision of Founder and Managing Director, Gordon Yates and his wife, Carolyn, to be less involved in the day-to-day running of the business.
Gordon will remain with the business in an advisory capacity. Ty Aziz, Sentry Doors’ long standing General Manager and Gordon’s deputy, is promoted to Managing Director. He will be supported by a strengthened board led by Jon Gatfield, who joins as Executive Chairman. Gatfield has considerable experience in manufacturing and logistics, including senior roles at Customade Group and National Timber Group.
Gordon Yates, Founder and Managing Director, said: “I’m delighted that Sentry Doors and Cairngorm Capital will be working together, as our sector is on the cusp of considerable change. Although I am beginning to think about retirement, it was really important to find the right partner who had the vision and ambition to guide Sentry Doors to fulfil its potential.
“I wanted an investor who would be a good custodian of Sentry Doors in the future and who would provide opportunities for our exceptional employees. Cairngorm Capital has a really strong track record in accomplishing this so I am confident that Sentry Doors will go from strength to strength.”
Jon Gatfield, Executive Chairman, added: “I’m delighted to be invited to chair a strong business with significant opportunities for transformational growth. In particular, I am looking forward to working closely with Ty and the rest of the management team as we build on the great company that Gordon, Carolyn and the team have created.”
This transaction was led by Stuart Whiteford, Investment Director at Cairngorm Capital. He said: “Sentry Doors is one of the most knowledgeable and trusted names in the industry, with all of the attributes that are important to us when we partner with a business – a compelling product range, deep technical know-how and exceptional customer service. We are particularly interested in firms that are technically focused, experts in their field, add value to their customers and possess strong growth prospects. We are delighted to support Sentry Doors in its next stage of growth.”
Cairngorm Capital was advised on this transaction by PwC (financial and tax), CiL (commercial), Addleshaw Goddard (legal), Vail Williams (property) and JLT Group (insurance). Sentry Doors’ shareholders were advised by BCMS (financial), Smith Craven (financial) and Mills & Reeve (legal).
