Hill Dickinson advises on management buy-out of Thyson Technology

Hill Dickinson’s corporate team has advised on the management buy-out (MBO) of Cheshire-based Thyson Technology from a private investor group. The MBO has been supported by a significant investment from private equity firm NVM. 

Thyson is a specialist analytical and instrumentation business, which designs and constructs engineering solutions used in the analysis and sampling of gases and liquids for process industries engaged in activities such as fossil fuel extraction, processing and distribution, green energy production, water treatment, petrochemicals and nuclear.

The £15m turnover company has designed, built and commissioned analyser systems for a large number of blue chip companies across a variety of sectors with facilities around the globe.  Current customers include the National Grid, BP, Air Liquide, ExxonMobil and Qila Energy.

Craig Scott, partner and national head of corporate at Hill Dickinson, advised management on the deal.

The Ellesmere Port-based business, which is known for its technical expertise, is led by managing director Mike Braddock who joined the business in 2014. Since joining, Braddock has built an experienced management team around him, with Matt Allen as financial director, Glen Lancaster as sales director, Karl Daniel as engineering director and Nick Maguire as commercial director.

Following NVM’s investment, Thyson is well positioned to continue its growth and development as a total solution provider, applying its full suite of services into existing and new markets both in the UK and overseas.

Braddock said: “Our new partnership with NVM signals the start of what will be a successful long term relationship and NVM’s support will be instrumental in driving our future growth as we look to further develop our services and customer base.

“We are delighted to welcome NVM’s Andy Leach to the board and look forward to working alongside our new partners as we build on the successful track record established by Thyson.”

 Andy Leach, investment partner of NVM, said: “Backing Thyson is another indication of NVM’s appetite to invest within the regions to support ambitious UK management teams. Thyson is a high-quality business with a market leading reputation in the provision of innovative specialist engineering solutions.

“For NVM, the business has identified clear opportunities to achieve future growth and its first-class management team has the ambition and commitment to deliver on this. We look forward to supporting Mike and his team as they seek to continue its growth and widen Thyson’s services both in the UK and overseas.” 

Hill Dickinson’s Craig Scott added: “This is an exciting time for Thyson. With the backing of NVM, the firm can build on its solid reputation and embark on its plans for further growth. I wish them the best of luck for the future.”