Advised on Sale of CompanyBuilding Products & Services
has been acquired by
Heitkamp & Thumann Group, the family owned industrial manufacturing group headquartered in Duesseldorf, has sold its UK based air duct accessories business to Chiltern Capital LLP, a London based private equity sponsor and management company. The transaction comprises the legal entities based in the UK operating under the “DobyVerrolec” brand.
The Newcastle upon Tyne based business is the UK market leader for the design and manufacture of ductwork components for air control systems used in HVAC applications. Doby also supplies suspension systems and metal sections/ profiles for a range of applications as well as bespoke products and engineered solutions. The Company has a core manufacturing competence in roll-forming and metal stamping. Doby’s products are used in commercial construction installations, such as in the premises of well-known international companies. Its products have also been built into landmark buildings such as the Shard, Wembley stadium and the iconic Burj Khalifa in Dubai. With this transaction, Heitkamp & Thumann continues to concentrate on its core businesses.
Doby Verrolec is the UK market leader for the design and manufacture of ductwork components for air control systems used in HVAC applications. The Company supplies four different flange systems along with an extensive range of complementary accessories. Doby also supplies suspension systems and metal sections/ profiles for a range of applications as well as bespoke products and engineered solutions.
Headquartered in London, Chiltern Capital specialises in private equity investments in UK based smaller mid-market companies, backing well-established businesses with growth potential run by entrepreneurial management teams. Chiltern Capital supports investee companies and provides capital for further business development, either organically, through a roll-out strategy or through bolt-on acquisitions.
IMAP M&A Consultants AG initiated the transaction on behalf of xxx and handled it in all its phases.