Interdoor, a leading industrial door company in Hull, has recently completed a Management Buyout (MBO) supported by Finance Yorkshire’s growth fund. The company offers specialist and maintenance services to a range of sectors, including retail, food processing, aviation, automotive, and film and television. Established in 2017 by Mark Roberts, the company has grown remarkably over the last six years, establishing itself as one of the most reliable and efficient industrial door maintenance providers in the UK, delivering top-notch services at competitive rates and quick response times. Interdoor is known for installing large aircraft hangar doors, high-speed doors, large acoustic doors for film and television studios, and freezer and cold storage doors for the food industry.
The MBO was led by Gary Toalster, Operations Director at Interdoor, in collaboration with Mark Roberts. Gary started his career with Mark’s father 15 years ago as an apprentice engineer. The deal will enable the company to implement its growth plans and achieve its ambition of becoming one of the largest national industrial door maintenance providers in the UK, while Mark will retain his position as a shareholder and director of the new business. The transaction was funded by Finance Yorkshire, with an investment of £1.3m from its growth fund.
As Alex McWhirter, Chief Executive of Finance Yorkshire, states, “Interdoor is an impressive company with a strong track record in the supply and maintenance of innovative industrial doors to a range of sectors. It has continued to grow even in the most challenging of trading conditions such as the COVID-19 pandemic.” Finance Yorkshire’s growth fund is part of its wider regional business fund, expected to provide more than £50m to SMEs over five years. Investment is also available from its seedcorn and business loans funds.
Overall, Interdoor’s MBO is an exciting development for the company, marking a significant milestone in its continued success and expansion plans.