NVM Private Equity (NVM) has provided support to a specialist Maintenance, Repair and Operations (MRO) business, MRO+ Solutions Limited (MRO Solutions). NVM is supporting the current team led by Matt Cattell, who has overseen a 50% increase in revenue since joining four years ago.
Based in Grimsby, MRO Solutions is a highly technical, value-added distributor of critical products to various process and manufacturing industries. The Group operates nationally through its wholly owned subsidiaries, MJ Wilson and Helix Tools. MJ Wilson specializes in distributing process instrumentation and control products to the energy, power generation, and process industries, while Helix offers technical support to precision manufacturing clients for their tooling requirements.
The market’s highly fragmented nature presents an appealing buy and build opportunity to complement organic growth plans. Funding for acquisitions has been secured as part of the investment to facilitate the group’s accelerated M&A strategy and market consolidation.
Upon completion of the deal, Kevin Appleton will join the board as Non-Executive Chairman, bringing extensive experience in the distribution sector and M&A expertise.
Matt Cattell, Managing Director of MRO+ Solutions, expressed excitement about the partnership with NVM Private Equity, stating that it will enhance their market position and enable them to capitalize on new opportunities through both organic growth and acquisitions.
Charlie Pidgeon, Investment Partner of NVM, commended the quality of the senior leadership team, the growth achieved, and their vision for the future. He highlighted NVM’s commitment to fully support the team in achieving their organic growth objectives and pursuing acquisitions to solidify their presence in the fragmented market.