Dorset temporary structure manufacturer Mar-Key Group have secured private equity investment from Alcuin Capital Partners LLP. The investment will allow the business to continue it’s growth trajectory after a number of successful large contract wins and overseas export projects.
Nick Seaman, Partner at Alcuin, commented: ‘We are delighted to have backed Ben and his team at Mar-Key. We have stayed close to the business for over a year now and are delighted to have been able to track its strong growth in Structure Solutions and the continued development of the manufacturing operations. Together they have built a strong and unique platform and we look forward to helping Ben and his team accelerate the business’s growth trajectory over the coming years.”
Following the transaction completion, Mar-Key Group’s Founder and Chairman David Tabb will step down from his role having successfully led Mar-Key Group since its inception in 1991. David will remain part of the business and continue his contribution to the design of the products.
Commenting on this, CEO Ben Scroggie said: ‘My own journey with David started in 1999 and I am pleased to say that David will remain part of the team, focusing on the growing international markets and continuing his contribution to the design of our products. I will remain as CEO, along with the other familiar faces within the Senior Management Team.’
He added: 'From our initial meeting with Alcuin, we knew they would be a fantastic investment partner for our business. Not only do they appreciate the incredible extent of our growth potential, but they share very similar values to us. They understand the importance of our team and company culture, and how this translates to the excellent customer service that our clients know and choose us for. We're extremely proud to have reached this pivotal moment in Mar-Key's history, and are excited to continue our growth trajectory with the support of Alcuin.'
The partnership will enable investment into additional staff, machinery, and materials to boost their capabilities as a British manufacturer, and enable them to react to increasing customer demand. This will allow the company to continue to drive forward growth in the UK and international markets and is a fantastic achievement for the business based in Christchurch, Dorset.
Mar-Key Group design, manufacture and build Temporary Structures for events and commercial clients. Their impressive client base ranges from Royal Ascot and The Open to National Grid and Tesco. To find out more, contact 01202 577111 , team@mar-key.com or visit www.mar-key.com.
Find out more about Mar-Key Group on their member profile page here
Member-created content 1 year ago | From members