Beechbrook Capital’s Midlands office completes maiden investment

Beechbrook Capital, a specialist private debt fund manager in the European lower mid-market, has completed its 80th investment, marking the first deal from its Birmingham office.

Beechbrook has backed United Tooling Solutions in making two simultaneous acquisitions, Grahams Machinery Sales and M.O.L. Tooling & Accessories.

The acquisitions provide new locations for UTS in Chester, Teesside and Northern Ireland and represent the next phase in its development.

Headquartered in Exeter, UTS is a leading provider of industrial tools and related supplies through its nationwide branch network. It supports a diverse customer base of 25,000 organisations across a wide range of end sectors.

Beechbrook was introduced to the opportunity by the East Midlands advisory firm Breeze Corporate Finance, and worked with incumbent lender Shawbrook Bank to provide a flexible package of debt facilities.

Paul Whitehouse, investment director, Midlands at Beechbrook Capital, said: “Beechbrook is delighted to be working with a highly experienced management team at UTS and to support their growth strategy. The company is a leading supplier in a robust sector that is pivotal in helping the UK economy bounce back post the pandemic. This bespoke financing solution demonstrates our creative and collaborative approach to meeting a client’s objectives in structuring a transaction to support a company’s ambition.”

Chris Taylor, finance director, UTS said: “UTS sees an opportunity to consolidate part of a large and fragmented UK market whilst continuing to provide the exceptional service to clients that our local businesses have built their reputation on. Beechbrook did an outstanding job of understanding our business and plans and, in conjunction with Shawbrook, have provided us with a financing solution that delivers the next phase of our growth.”

Beechbrook was advised by Mazars TS team (David Preston) and Freeths (James Dyson & Ateeq Ahmed).

Shawbrook was advised by Gunner Cooke (Rob Fawke) and UTS by Gateley (Mark Rutherford & Anna Mayfield).

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