Hawco Limited, a number one distributor within the refrigeration trade has been offered to Bay Tree Private Equity LLP.
The deal incorporating Abbeychart, neatly established within the liquid dispense trade, sees the trade bought by means of Bay Tree from earlier homeowners of two decades, Diploma PLC.
The Hawco team sells a variety of trade main merchandise and has rebounded strongly from the pandemic attaining document earnings in its newest monetary 12 months ended September 2022.
Bay Tree intends to put money into Hawco to permit the trade to profit from the alternatives to achieve the following stage of expansion in each the United Kingdom and Overseas markets.
Martin Butler, managing director of Hawco Limited, mentioned: “This is an incredibly exciting time and a huge opportunity for the business. It will bring the tools needed to build further on the value-add services we offer, ensure we have the most up to date product offerings for our customers and expand on the success of our international sales, an area that is now core to the business”.
Bay Tree additional provides: “We are delighted to be supporting Martin and his team to complete the management buyout of Hawco. We have been impressed by Hawco’s depth of technical support for customers and by its strength in supplier relationships. Its resilience was proved during lockdown and with access to funding we believe it can build on this strong foundation”.
Established in 1973, the purchase coincides with Hawco celebrating 50 years of buying and selling.
