NVM Private Equity (NVM) has backed a specialist Maintenance, Repair and Operations (MRO) business, MRO+ Solutions Limited (MRO Solutions).
NVM are backing the incumbent team led by Matt Cattell who has overseen a 50% expansion in revenue since joining four years ago.
Grimsby-based MRO Solutions is a highly technical, value-added distributor of critical products to a range of process and manufacturing industries. The Group operates nationally through its wholly owned subsidiaries, MJ Wilson and Helix Tools.
MJ Wilson is a specialist value added distributor of process instrumentation and control products servicing the energy, power generation and process industries. Helix provides technical support to a range of precision manufacturing clients supporting their tooling requirements.
The market is highly fragmented providing the backdrop for an attractive buy and build opportunity to supplement organic growth plans. As part of the investment, funding for acquisitions has been reserved to enable the group to accelerate the M&A strategy post investment and consolidate the market.
On completion, Kevin Appleton will be joining the board as Non-Executive Chairman; Kevin has significant experience in the distribution sector and extensive M&A expertise.
Matt Cattell, Managing Director of MRO+ Solutions, said: “We are thrilled to join forces with NVM Private Equity. This partnership will enable us to further strengthen our position in the market and capitalise on new opportunities, through organic and acquisitive growth.
“With NVM’s support, we are confident that we can continue to deliver exceptional value to our customers and team members, driving long-term success for our business.”
Charlie Pidgeon, Investment Partner of NVM, said: “We have been highly impressed with the quality of the senior leadership team, the growth they have achieved and their vision for the future. We look forward to fully supporting the team in achieving their organic growth plans and pursuing acquisitions to consolidate what is a highly fragmented market.”
 has backed a specialist Maintenance, Repair and Operations (MRO) business, MRO+ Solutions Limited (MRO Solutions).){kind=link}