Further growth on agenda for Dale Power Solutions
DALE Power Solutions has struck a deal with its bank RBS to raise its banking facilities to enable it to pursue its growth strategy.
The deal comes just 15 months after the firm’s management buyout from TT electronics in August 2012 backed by leading mid-market private equity provider LDC.
Founded in 1935, Dale is a service and maintenance provider with a national network of engineers as well as being a UK manufacturer and supplier of generators and UPS systems.
It manufactures generators at its two factories in Scarborough that are used to provide emergency power to businesses such as hospitals and data centres when mains electricity is lost.
The company says it has grown well since the MBO and has made significant investments in both its staff and infrastructure to support its ambitious plans to drive organic growth.
As well as increasing the pace of organic growth across its core brands, the business is also actively pursuing appropriate acquisition opportunities both in the UK and internationally and in related product areas.
Chairman Denzil Lee said: “The finance raising was supported by RBS our current bank which fully understand our business, our markets and the aims of the company. This puts Dale Power in the position of actively seeking businesses to acquire that either extend our current service coverage or add complementary products or services to our offer.”
Tim Wilkins, chief executive of Dale Power Solutions, added: “Since the buyout we have challenged all the bases on which we ran the business to optimise the company’s growth potential. This has resulted in a new organisational structure, new systems and a significant number of new employees particularly in the sales force.
“We now have a firm basis to accommodate further organic growth and to integrate any complementary businesses we acquire.”
Dale Power has enjoyed a successful 2013, which has seen the business win a number of accolades, including being voted 60thin the Sunday Times Top 200 Exporters of the Year.
Clearwater Corporate Finance’s debt advisory team advised the shareholders of Dale Power Solutions.
