Yorkshire’s Winder Power Receives Major Investment Boost
In a significant development for Yorkshire's industrial landscape, Winder Power, a longstanding manufacturer of power and distribution transformers, has successfully secured a multimillion-pound combined debt and equity funding package. The funding, provided by Connection Capital, will bolster a management buyout, ensuring a promising trajectory for the company's future.
Based in Pudsey, Leeds, Winder Power boasts a rich history spanning over a century and currently employs 100 individuals at its impressive 80,000 square foot manufacturing facility. Over the years, the company has solidified its position as a key supplier of electrical handling equipment for prominent entities such as Thames Water, Euro Tunnel, ASDA, and Drax.
The investment comes at a pivotal moment for Winder Power, as it rides the wave of increased demand fueled by the UK's transition to renewable energy sources. Managing Director Paul Mathews expressed his enthusiasm, highlighting the opportune timing amidst growing infrastructure investments across various sectors.
The deal, orchestrated by Harrogate-based CorpFin, marks the exit of previous private equity investors Mercia Asset Management, clearing the path for Winder Power's management to take a more significant stake in the business. Chris Silverwood of CorpFin commended the company's leadership for positioning Winder Power as an industry leader, signaling a promising future for continued growth and innovation.
With Connection Capital's funding, Winder Power is poised to further strengthen its foothold in the market, leveraging its esteemed reputation and capacity to navigate towards sustained success in an ever-evolving industry landscape.
Source: insidermedia.com
