INDUSTRY
Established in 1976, Hydralectric was a major manufacturer of premium quality water-flow solutions. Based in Surrey, the company had carved out a niche supplying high-quality, bespoke products to the OEM sector.
Having successfully grown the company into a leading player in its market, Hydralectric’s owner, Colin Hayward, was looking to retire. As well as securing an exit package that truly reflected the value of the business, the vendor was looking for an acquirer that could accelerate the company’s growth. He engaged Avondale to lead the sale project following a referral.
Once at the helm, Avondale’s team conducted a strategic review of the business, identifying several key areas of improvement that could maximise the sale value. The team played a key advisory role, helping to streamline the company’s operations while also promoting a stronger brand identity with the aid of a new website. With the business strategically positioned for sale, Avondale made a number of discreet enquires to potential acquirers.
A competitive sale environment resulted in three strong bids. The winning offer was that of an industry specialist team backed by private equity firm, Rockpool Investments. Mr Hayward was delighted with the choice of buyer. He is now enjoying his retirement, assured that Hydralectric is in good hands and well placed for future success.
“We appointed Avondale to steer us through the business sale process to a successful completion, and I look forward with confidence to the new management team developing the full potential of Hydralectric.”
Colin Hayward, Vendor, Hydralectric
