MID-MARKET private equity investor LDC has backed the management buy-out of Texecom from FTSE 100-listed technology group Halma plc. LDC investment will support Texecom to develop new products, enhance digital services and explore acquisitions.
An official statement posted on the Texecom website reads: “LDC’s significant investment will support Texecom’s existing management team, led by managing director Jim Ludwig, to build on its market-leading position and international presence through developing new products, enhancing its digital services and exploring complementary acquisitions.”
Texecom’s electronic security products and services protect millions of people and properties around the world. The business is a pioneer when it comes to digital and cloud-based solutions, adding value and providing interoperability with wider security and building management systems. Indeed, the Haslingden-based company offers increasingly connected, intelligent and dynamic solutions to meet the world’s future security challenges.
The investment has been led by LDC’s head of Yorkshire Dan Smith alongside investment directors Will Scales and Leigh Daveran. As part of the transaction, Smith and Scales will now join Texecom’s Board as non-executive directors.
Commenting on the news, Jim Ludwig stated: “Our customers’ electronic security needs are becoming more complex than ever. By prioritising innovation, both organically and through acquisitions, we will continue to provide market-leading products and services to our clients so that they feel safe and can continue with their day-to-day lives.”
Further, Ludwig observed: “We’re thrilled to have an investor that is as excited as we are about our business and the customers we serve, as we are. Our new partnership with LDC gives us the support and financial firepower to build on our legacy and achieve our ambitions. With the team’s help, we will continue to grow market share here in the UK and in key overseas markets.”
Dan Smith responded: “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.”
Texecom manufactures control panels, motion detectors, external sounders and wireless systems. Integration partners include CSL, Elmdene International, Emizon, GJD Manufacturing, Paxton and also integrated security solutions specialist TDSi