BGF invests £15.5m in industrial engineering group | Real Deals
Summary
BGF has invested \xa315.5m in Troy UK, an independent network for industrial and engineering supplies to support its acquisitive growth strategy.A family-run business founded in 1986 and based in Exeter, Troy is an independent MRO (maintenance, repair and overhaul) product distributor in the UK serving the industrial, engineering and trade sectors nationwide via its distribution centres and buying group of 400-plus members.Under the leadership of Paul Kilbride, who acquired Troy in 2010, the business has topped a turnover of more than \xa3300m. The minority investment was led by James Skade and Hannah Waters, investors in BGFs Bristol-based South West team.Advisers to BGF on the transaction were Burges Salmon (legal). Advisers to Troy UK were Breeze Corporate Finance and Gateley (legal).