Mayfair Equity Partners is backing the management buyout of Garolla, the end-to-end provider of roller garage doors.
Mayfair will hold a majority stake in the business. Additional deal terms have not been disclosed.
Founded in 2017 by David Wilkinson and Graeme Pogue, Garolla began with a single franchisee supplying roller garage doors in Harrogate. Today, it is the largest and fastest growing roller garage door business in the country.
The company manufactures garage doors at its facility in Leeds and has developed a proven customer acquisition strategy servicing customers across the UK and Republic of Ireland through a national network of more than 130 franchisees.
Garolla provides broad coverage domestically and a fully managed end-to-end customer offering, including in-house assembly, installation, and service.
Recognising the growth potential of Garolla, Mayfair is partnering with Mark McAvoy, Managing Director, and his management team to support the domestic and international expansion of the company’s franchise model, increase installation capacity, and grow its DTC capabilities.
Garolla has an experienced senior management team and skilled workforce in place, totalling more than 140 FTEs. They have driven the exponential growth to date, including entering the Irish market and doubling the franchisee network in less than 18 months.
Garolla has delivered 85%+ revenue CAGR and 250% EBITDA CAGR over the last three years (FY19-FY21) at market leading EBITDA margins. The outstanding growth to date has been driven by an effective marketing strategy, which has resulted in greater consumer demand and sales delivered through an ever-increasing number of franchisees.
“Garolla has developed a uniquely scalable platform, growing at a rapid pace, and disrupting a fragmented market,” said Mark McAvoy, Managing Director. “We see significant opportunity to accelerate our growth in the UK and across Europe, reaching more consumers than ever. I am thrilled to partner with Mayfair, who have an excellent track record of supporting companies with international expansion and digital evolution.”
“As a true national champion, we see a real opportunity to support Garolla to expand its trusted brand and services to new customers in the UK and across Europe,” said Neil Price, Managing Director at Mayfair Equity Partners. “Garolla provides a comprehensive offering to customers in comparison to its peers and is the only supplier to fully control the customer experience, from product manufacturing to after sales service. We are excited to partner with Mark and his team as we support Garolla’s next stage of growth.”
