MRO+ has been acquired by NVM Private Equity

Arrowpoint Advisory’s Industrials sector team has advised the shareholders of MRO Plus Solutions Group Limited (“MRO+”), a leading UK distributor of critical industrial components, on the sale of the business to NVM Private Equity who are backing the incumbent management team.

A leading technically focused distributor of industrial products to diverse end-markets, MRO+ was formed by Cairngorm Capital in 2018 with the acquisitions of MJ Wilson Group Limited (MJ Wilson) and Helix Tool Company Limited (Helix). MJ Wilson is a national provider of flow and process instrumentation products, whilst Helix is a market leading distributor of carbide cutting tools in the North of England. In 2019, MRO+ acquired Support Instrumentation Limited to develop the company’s instrumentation capabilities further.

During Cairngorm Capital’s period of ownership and under the leadership of ongoing Managing Director, Matt Cattell, MRO+ has expanded its product offering and extended its geographical presence, building in turn its customer base and reputation for technical expertise. This value creation culminated in MRO+’s most successful trading year in 2023, and further growth being delivered throughout 2024 is expected to deliver Revenue growth of 18%. Throughout Cairngorm Capital’s ownership, the business invested in its workforce and geographical branch footprint which saw the number of highly valued colleagues, including technical sales staff, rising to more than 90.

Matt Cattell, Managing Director of MRO+, said: “A big thank you to Tom, Alex and the rest of the team at Arrowpoint Advisory for being an incredibly supportive and committed partner throughout the entire transaction process. They demonstrated impressive knowledge of our market and astute negotiation, succeeded in balancing the interests of each stakeholder group to ultimately deliver the best possible outcome.”

Mike Kerins, Chairman, added: Moving forward, this is an exciting opportunity for MRO+ with their new investment partners, NVM, I’m sure they will continue to deliver the growth strategy and create further value. Arrowpoint Advisory have been excellent partners throughout the process, their guidance and solid advice was first class and proved invaluable in concluding the right deal for investors and management.”

John Naylor-Leyland, Senior Adviser to Cairngorm Capital, commented: “It has been a pleasure working with the Arrowpoint Advisory team on this transaction, as well as all of our colleagues at MRO+ over the last six years. Arrowpoint vindicated our decision to appoint them by showing market expertise and being professional, diligent and highly supportive to all stakeholders through the marketing, negotiation and completion process.”

Tom Smith, Director at Arrowpoint Advisory, concluded: “It was great working with Matt, Natalie, Mike and the Cairngorm Capital team. We are delighted to have helped secure a transaction that provides valuable returns for Cairngorm Capital’s investors and the opportunity for the ongoing management team to maximise the potential of MRO+ through the next phase of its growth. We look forward to seeing the business continue to grow over the coming years.”

Contact the deal team