£7m funding provided to back secondary buyout of manufacturing supplier

The funding package comes from Arbuthnot Commercial Asset-Based Lending, which has been supporting the company since 2020.

Based in Grimsby, MRO Solutions is a distributor of products to various process and manufacturing industries. The group operates nationally through its subsidiaries, MJ Wilson and Helix Tools.

MJ Wilson specialises in process instrumentation and control products, while Helix supports precision manufacturing clients with their tooling needs.

Under the leadership of Matt Cattell, MRO Solutions has seen a 50% revenue growth since he joined four years ago.

Kevin Appleton will now join the board as non-executive chairman.

Charlie Pidgeon, investment partner at NVM Private Equity, said: “In backing the incumbent team in this secondary buyout, we aim to fuel additional investment, enabling MRO+ Solutions to realise its organic growth objectives and pursue acquisitions to consolidate its position in this fragmented market. Working alongside Arbuthnot Commercial ABL, we look forward to a positive journey ahead, benefiting from their direct approach, responsiveness, and appetite to support growth. With the right capital structure in place, we aim to scale the business, capitalising on opportunities across branches, products, territories, and selective acquisitions.”

Andrew Rutherford, commercial director at Arbuthnot Commercial ABL, said: “We are thrilled to extend our relationship with Matt Cattell and his team and to have the opportunity to work closely with NVM in enabling the group to achieve its business vision. We were delighted to be able to support the business with the initial acquisition back in 2020, and Cairngorm and the management team as they navigated through COVID to see the business thrive. The new deal not only further strengthens MRO+ Solutions’ market position but also enables them to capitalise on the exciting new opportunities ahead, both through organic growth and M&A.”