Bay Tree Partners backs the MBO of Hawco Ltd
Hawco provides over 26,000 quality components from 250 international suppliers spanning all aspects of refrigeration, air conditioning, process heating, and temperature control systems. This includes some of the most trusted names in the world – Bourdon, Carel, Eliwell, Embraco, Fenwal Controls, Hitachi, LAE Electronic, LG Electronics, LU-VE, and Tecumseh.
Bay Tree has invested in Hawco to enable the business to take advantage of opportunities to reach the next level of growth in both UK and overseas markets.
Established in 1973, the acquisition coincides with Hawco celebrating 50 years of trading.
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, to support investment in the growth plans developed by the management team for both Hawco and their sister company Abbeychart.
HMT, led by Paul Read, Corin Briault-Hutter and Francis Drysdale undertook financial due diligence on this transaction.
Mike Simmonds, Partner at Bay Tree commented:
Paul Read commented:
“We are delighted to have advised Bay Tree on their acquisition of Hawco. With Bay Tree’s support, the business will be able to reach their ambitious organic and acquisition growth strategies. We look forward to working with them again in the future.”
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