Industrial Products & Services
About Fen-Bay Services Limited ("Fen-Bay")
Fen-Bay is a leading supplier of loading bay equipment, industrial doors, gates, barriers and high speed doors, undertaking new installations, service, maintenance and repairs for customers across the UK and Ireland; exploiting its distinctive service proposition, the firm has grown rapidly in recent years.
Fen-Bay has also developed and patented a new ‘off-grid’ environmentally friendly door control system 'Eco-Bay'.
Why did Chelverton Investor Club invest?
The management team were passionate about their business and had cleverly developed their model, with a range of non-OEM products and a best-in-class service proposition. Strong recognition by some of the country’s largest retailers and distribution companies validated the attractiveness of the Fen-bay offering. The individuals saw huge potential in their business but recognised they needed help to deliver it.
An investor who was willing to empower the management, and support with long-term committed funding was the ideal partnership,
The investment story so far….
The business was marketed for sale to a wide audience of trade and financial buyers therefore, building a rapport with management and a shared vision was critical in ensuring Chelverton secured the mandate. Our shared commitment to a long-term vision, saw us reject debt and loan-note based funding structures in favour of an ordinary share centred approach and focus on long-term value creation, rather than shorter term exit aspirations
The deal took 12 months to complete, with the headline terms moving a couple of times to reflect the very strong trading performance in the period.
How has our investment made a difference
Within 3 months of completion, new Operations and Finance Director appointments had been made, along with commitments to new organisation-wide systems, helping establish a more robust platform for the future