Orbis Advises On The Next Stage of Stuart Turner’s Growth

Birmingham-based Orbis Partners have finalised the sale of leading water pump and pressure solutions business Stuart Turner to private equity investor LDC. The transaction was led by Chris Gregory and Simon Lloydbottom.

Orbis have worked with Stuart Turner over the last six years to offer buy-side deal advice on four strategic acquisitions including; Techflow Products, Walden & Son, Allan Aqua Systems, and Trentclyde Water Solutions.

Established in 1906, Stuart Turner has grown to an annual turnover in excess of £22m and offers an extensive range of pumping products and solutions. The product range caters for almost every application, from residential home boosting pumps, lifting stations and macerator pumps to a wide range of pumps for various commercial applications.

The investment from LDC will enable the existing diverse shareholder base to exit the business and allow Stuart Turner to target further growth in the commercial pumps sector through a buy-and-build strategy, in addition to supporting international expansion.

Steve Lee will move from his current non-executive director role where he has supported the business for six years to become non-executive Chairman. In addition, Duncan Cooper, former regional managing director at Grundfos, one of the world’s leading pump manufacturers, has also been appointed as non-executive director.

Debt facilities were provided by Barings and RBS.