Clairfield advises Stuart Turner on the sale to Lloyds Development Capital

The investment from LDC, the UK private equity arm of Lloyds Bank, will enable the existing diverse shareholder base to exit the business and allow Stuart Turner to target further growth in the commercial pumps sector through a buy-and-build strategy, in addition to supporting international expansion.

Established in 1906, Stuart Turner has grown to an annual turnover in excess of GBP 22 million and offers an extensive range of pumping products and solutions. The product range caters for almost every application, from residential home boosting pumps, lifting stations and macerator pumps to a wide range of pumps for various commercial applications.

LDC is the most active mid-market private equity investor, having completed over 25 per cent more buyouts and expansion deals than any other player in the last ten years. They back ambitious management teams, partnering with them to add tangible value while allowing them to run their business.

Clairfield UK has worked with Stuart Turner over the last six years to offer buy-side deal advice on four separate strategic acquisitions including Techflow Products, Walden & Son, Allan Aqua Systems, and Trentclyde Water Solutions.

“Having worked with Clairfield UK over the last six years, they were a natural choice to lead the sale. We were confident that Clairfield UK would find a buyer that would not only enable the business to grow but invest in the established heritage. LDC recognised the growth potential of the business and immediately bought into the existing buy & build acquisition strategy. Importantly, they also saw the opportunities resented by new product introductions and further geographical expansion.”
Mark Williams, CEO