STONBURY SECURES SIGNIFICANT INVESTMENT FROM EQUITY INVESTOR LDC
Stonbury is delighted to have secured significant investment from leading mid-market private equity investor LDC. LDC will be backing Stonbury’s existing management team to deliver exciting growth plans, both organically and through acquisitions.
LDC is part of Lloyds banking group and specialises in supporting medium-sized businesses’ growth plans. It has a diverse portfolio across many sectors including industrials, technology, healthcare and financial services and has worked with familiar household brands such as USwitch, the NEC Group, Fever Tree and environmental specialist Adler & Allan.
This is a positive move that offers exciting prospects for the future of the business in terms growth and opportunity. Day-to-day activities will continue as usual as Stonbury continue to expand and build on its market-leading position.
Trevor Hoyle will continue to lead the business as CEO with full support from the current management teams which will remain unchanged. Two members from LDC, David Bains and Nicole Wong, will sit on a main board to provide strategic support together with Ian Burnett who will join as a Non-Executive Chairman. All three have extensive relevant experience and will bring with them new and fresh ideas to support Stonbury’s strategic goals and provide more diverse opportunities for employees.
Trevor Hoyle, CEO of Stonbury, said:
“We knew from the moment we met David and the LDC team that they were the right investment partner for us. Their relationship-first approach and extensive network of connections were important factors in our decision. With LDC’s support, we are actively exploring organic and acquisitive opportunities to expand our range of services. Sustainability sits at the heart of the challenge water companies and environmental organisations are facing. Creating a more resilient and efficient water network and a healthier, safer environment will be vital to reduce the impact of significant weather events. Stonbury is well-equipped to support our clients with low-carbon and nature-based solutions”.
David Bains, Partner and Head of East Midlands and East of England at LDC, added:
“LDC is committed to helping companies that contribute to a more sustainable future. Stonbury’s clear purpose focuses on sustainability and its experience and expertise over many years make it well-placed to support the water and environment industries in mitigating the impacts of climate change”.
Stonbury look forward to LDC joining the business and continuing to build the brand into one of the UK’s leading critical infrastructure services businesses.
Click here for LDC press release.
Find out more about Stonbury's strategic goals in this video.