|Region||East of England|
Award-winning fenestration distributor, Window Ware based in Bedford is embarking on a new phase following a management buyout (MBO) supported by Shawbrook.
Founded over 30 years ago, Window Ware is one of the UK’s largest specialists in the sourcing, marketing and wholesale distribution of leading brand door and window hardware. The company had been owned by Arran Isle Group for more than 20 years. Following acquisition by ASSA ABLOY earlier this year, a decision was made to divest to current management by way of MBO. The management team’s in-depth experience and strong leadership has been instrumental in the success of the business to date and will play a fundamental part as they look to build for the future.
Following this pivotal event for the business, the Window Ware team is committed to maintaining strong partnerships with employees, customers and supply partnerships, with an ongoing commitment to furthering its reputation as a leader in the fenestration sector and growing its share of the market.
Window Ware currently employs over 45 staff in Bedfordshire and works with clients across the UK.
Shawbrook provided a bespoke hybrid funding package comprising of an Asset Based Lending (ABL) facility and a cashflow loan to meet the individual needs of Window Ware.
Samantha Nuckey, Managing Director, Window Ware, said: “I and the rest of the senior management team are thrilled to be taking Window Ware forward onto its next stage of growth. We’re grateful to everyone at ASSA ABLOY for their support of the MBO.
“From the beginning, we knew that Shawbrook was a good match to support us through this process. The team at Shawbrook remained extremely flexible throughout the sale process and strived to provide a bespoke funding package to help Window Ware going forward.”
Oliver Sutton, Director, Corporate Lending at Shawbrook, comments: “Right from the beginning of our relationship, we were deeply impressed with Window Ware. The management team is highly professional, and they have built up a significant reputation in their marketplace. They have invested well into their business and established a scalable platform with smart and efficient processes. This puts them in great stead to build on their previous success.
“Samantha and the rest of the Window Ware team have big plans for the future of the company, and we’re thrilled that we could support them with the MBO.”