Funding helps engineering firm expand into green energy sector
Thomas Broadbent & Sons, advised by Interpath Advisory’s Debt Team, has secured a flexible, multi-million pound asset-based lending facility from Independent Growth Finance (IGF).
The funding is strategically designed to support the firm’s ambitious growth plans and expansion into emerging markets.
It will enable Huddersfield-based Thomas Broadbent to enhance its operational capabilities and drive innovation as it embraces new opportunities in the green energy sector.
This includes working alongside strategic partners to pioneer advancements in carbon capture, flue gas desulfurisation, and water recovery – all aimed at reducing emissions and enhancing resource recovery.
The family-owned UK engineering business has supplied industrial centrifuges since 1864, serving key sectors like sugar, energy, petrochemical, and industrial laundry.
Its equipment, built at Queen Street South in Huddersfield, serves over 50 markets worldwide. The business has dedicated offices in the US, Thailand, China, and India providing localised support and services.
Matt Durkin Jones, finance director, said: “The funding from IGF will play a crucial role in supporting our growth initiatives across various sectors.
“Their partnership and understanding of our business needs will enable us to pursue new opportunities, including our commitment to sustainability and innovation.”
Richard Spielbichler, ABL director at IGF in Manchester, added: “We’re excited to partner with Thomas Broadbent and look forward to working alongside them to help achieve their growth objectives into new markets and ongoing innovation.”
A team from Interpath provided Debt Advisory services to Thomas Broadbent to secure the business’s first holistic finance raise in its 160-year history.
Ben Smith, a director at Interpath, who led the transaction and was supported by Sam Hibbert and Jake Bennett, said: “Finding the right funding partner is critical to the success of an ambitious business.
“Thomas Broadbent has a rich history in the precision engineering sector and has proven its pedigree through international expansion and established position in key economic sectors.
“Now, as the business breaks new ground in the green energy market, the partnership with IGF will give them the firepower and flexible facilities that will grow with them, build on its generations of success, and really push the boundaries of British engineering on a global scale.”
Phil Dine and Ben Slack at Clarion also acted for Thomas Broadbent.
