We are delighted to announce our latest exit, the sale of SafeGuard Glass & Glazing Supplies to Foresight Private Equity who have backed the incumbent management team in a multi-million pound transaction.
We acquired Safeguard in December 2015 backing a young management team who have become leaders in their industry. Turnover has increased three-fold under our ownership as the Safeguard brand has become synonymous with high quality products and excellent customer service. During this period, we invested significantly in the manufacturing capabilities of the business, modernising the machinery and significantly increasing capacity. In turn, we have more than doubled the workforce and Safeguard has become a major manufacturing employer in Peterborough.
As owners, we get very involved in supporting our management teams and helping drive strategy. Key to this is having external expertise and we are indebted to David Tattersall who has been an excellent Chairman providing sound judgement, practical and knowledgeable experience and general common sense. He has been a superb mentor to the management team and we look forward to investing alongside him once again. We look to professionalise businesses – improve their financial reporting and KPIs, their governance and controls and their organisational structure – whilst encouraging fast decision making and entrepreneurial flair.
Safeguard is a specialist processor of glass and installer of glazing products, based in Peterborough and it employs over 100 people providing high quality processing solutions to commercial and residential customers.
The investment from Foresight will allow the business to continue its expansion plans with an additional 10,000 square foot planned to meet the increasing demand of its customer base. We wish the MD, Nick Welsh and the rest of talented Safeguard team every success in their next phase of growth.
We thank our advisors Buckles (legals) and Bishopsgate (corporate finance) for their high quality advice.
