Our Investments

Hawco Engineering Facility

Hawco Logo

Sector: Industrial Value-added Distribution
Deal Type: MBO
Location: Godalming, UK
Press Release: Bay Tree Private Equity Hawco Limited buyout

About Hawco

Founded in 1973, Hawco supplies component parts, spares and technical solutions to OEM manufacturers and after-market contractors/installers in the refrigeration, air conditioning and industrial markets.

Investment rationale

Hawco is a resilient business, its customers and suppliers value its technical capability, helping design and supply into OEM solutions.  It enjoys strong, long term sector tailwinds, addressing the need for climate and energy efficient, business critical solutions. It has a large and loyal base of customers in a number of countries. We will look to grow the business though investment in areas that will benefit from Hawco’s advanced energy efficiency solutions and controls, enhancing  the company’s technical and servicing capability and further internationalisation, both organically and via selected acquisitions.

“This is an incredibly exciting time and a huge opportunity for the business. Bay Tree’s capital and expertise will bring the tools needed to build further on the value-add services we offer and expand on the success of our international sales”.

Martin Butler – CEO

The Bay Tree difference

Bay Tree will utilise its experience and insights in value-added distribution gained in its investment in Prime Light and through its network, including the introduction of Duncan Wilkes as Chairman.  Duncan has worked closely with Bay Tree during the acquisition and has led a number of successful PE backed businesses in the industrial and distribution sectors, with relevant experience in international expansion and M&A. He is also a fantastic mentor for management teams.

Interested in buying the business you manage or keen to secure growth capital?



Bay Tree Private Equity LLP (FRN 788586, Partnership No. OC418686) is an appointed representative of Khepri Advisers Limited (FRN 692447), which is authorised and regulated by The Financial Conduct Authority. Khepri Advisers Limited acts as the Principal Firm to Appointed Representatives. Registered address Bay Tree Private Equity LLP, c/o Sanders, 1 Bickenhall Mansion, Bickenhall Street, London, W1U 6BP (please note this is not an office address)