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.
