Clearwater advises Deltron on its minority investment from LDC

Transaction

Deltron on its minority investment from LDC

Sell-side

Undisclosed

Role

Adviser to Deltron on its investment from LDC

Sector

Business Services

Region

We have advised Deltron on its minority investment from LDC to support the business’ ambitious growth strategy.

Dudley-based Deltron maintains and repairs elevators, service lifts and stairlifts to improve their safety, performance and lifespan. Employing 94 people, the business maintains 9,000 units across the UK, with more than 1,700 customers across both the public and private sectors, including housing associations, local authorities, hospitals and property and facilities management firms.

LDC’s investment will help Deltron to accelerate an ambitious growth strategy underpinned by investment in its market-leading services and complementary acquisitions. Over the last two years, Deltron has delivered significant year-on-year growth and with LDC’s support the management team plans to build on this momentum by scaling and expanding across the UK.

LDC is backing Deltron’s existing management team, led by Directors Scott Haywood and Lukas Schlenker, as they embark on the next phase of their growth strategy.

Duncan Cooper will join as a Non-Executive Chair, bringing a wealth of experience supporting the growth of companies in the manufacturing and engineering sectors.

low angle portrait two young coworkers lift

Our target market is growing, driven by increasing urbanisation and the need for the efficient flow of people and goods through densely-populated areas. However, with this also comes a need for trusted, expert maintenance services to ensure elevators, service lifts, stairlifts and other products are operating effectively, safe for users and that organisations are compliant with all relevant standards.

Without Clearwater we wouldn’t have been able to complete this process - they were nothing but professional. If you’re looking to get PE investment into your business, or looking to exit your business, I’d recommend working with Clearwater.
Scott Haywood, Director of Deltron

We were really impressed by the team at LDC. Their experience supporting businesses just like ours here in the West Midlands, and their ability to continue to invest to support our growth ambitions, makes them the perfect partner as we look to scale. For us, it’s businesses as usual, but now with an expanded team and even more experience on board.

I’d also like to say a special thank you to the people at Clearwater. Joe, Rich and Louise, you’ve done a fantastic job. I can only recommend their services.
Lukas Schlenker, Director of Deltron

We’ve built a great relationship with Scott and Lukas – two dynamic leaders who, together with their management team, have built a business with a fantastic culture and a strong operating model, that’s respected across the market. The company is perfectly positioned for further growth, and we look forward to working with them to support the next phase of their journey.
Matt Newbold, Investment Director at LDC in the West Midlands

We are very proud to have advised the shareholders of Deltron on raising investment from LDC. Deltron is the stand-out business in lift engineering with a passionate and forward-thinking management team. This investment from LDC will unlock more growth opportunities for Deltron.
Joe Dyke, Partner, Clearwater