Investment type
- Management buyout
Stuart Turner is an international market leader in water-boosting solutions and has over a century of engineering experience.
Founded in 1906, with strong heritage in engineering and product innovation, Stuart Turner has an established reputation for high-quality products for the commercial and domestic markets, including a patented solution for mains water pressure issues.
Growing through acquisition
LDC backed Stuart Turner in 2017 to help accelerate its buy and build strategy and target further growth in the commercial pumps sector.
During a four-year partnership, LDC supported the business to make three complementary acquisitions and to expand its range of products and services.
In 2018, the business acquired GAH Heating, which was soon followed by the addition of Fluid Water Solutions in 2019. In March 2021, LDC supported Stuart Turner to acquire the UK’s leading mains-powered pressurisation unit and heating systems provider, Mikrofill Systems.
Creating the complete solutions provider in the market
Alongside a strong focus on new product development, these acquisitions have helped Stuart Turner to become a complete solutions provider in the pressurisation and hot water generation market across the domestic, commercial and industrial sectors.
In December 2021, LDC sold its stake in the business to Epiris. During Stuart Turner’s partnership with LDC, the business increased its revenues by over 66%, from £24m in 2017 to more than £40m this financial year, and headcount also increased to more than 125.
Listen to the CEO of Stuart Turner, Richard Harden in ‘The Manufacturer Podcast: Stuart Turner – a growth success story’ as he discusses the company’s remarkable growth in recent years.
