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LDC backs MBO at security products manufacturer

Walker Morris has advised mid-market private equity investor, LDC, on the management buyout (MBO) of Texecom, a manufacturer of electronic security products and services, from FTSE 100-listed technology group, Halma plc.

Texecom manufacturers and supplies intruder detection and mass notification systems to the global commercial, industrial and high-end residential markets. It also uses digital and cloud-based technology to provide integrated security and building management systems.

The business turned over £33.4m in the year ending March 2021 and employs more than 380 people across its manufacturing facilities in Haslingden and Delph, and international offices in India, China and Spain.

LDC, led by its team in Leeds, has made a significant investment that is set to support Texecom’s existing management team, led by Managing Director Jim Ludwig. It will build on its market-leading position and international presence through developing new products, enhancing its digital services and exploring complementary acquisitions.

The investment was led by LDC’s Head of Yorkshire Dan Smith and Investment Directors Will Scales and Leigh Daveran. As part of the transaction, Dan and Will join Texecom’s Board as Non-Executive Directors.

Leading the Walker Morris Team was Debbie Jackson with support from Thomas Mieszkowski, Marianne McKeown and Sam Bellagha (Corporate), Michael Taylor, Joshua Waddington and Oliver Wheeler (Banking), James Crayton (Commercial), Lucy Gordon and Kendel Shepherd (Employment) and Ruth Bamforth (Pensions).

Dan Smith, Head of Yorkshire at LDC said:

“Texecom’s international footing and its reputation for quality, innovation and technical capability means the business is perfectly positioned to take advantage of the evolving global security market. We’re excited to support Jim and his ambitious management team to realise Texecom’s future potential.”

Debbie Jackson added:

“LDC has a strong track record in helping businesses to support their growth ambitions and this investment will help Texecom continue to drive their business forward. We are sure that with the support of Dan Smith, Will Scales and Leigh Daveran, the company will continue to go from strength to strength.”

Woman managing home security from a mobile device