NorthEdge unlocks Solidor deal

The fresh capital will be used to expand the company's senior team, invest in operations and IT, while also supporting its buy-and-build strategy.

Company
Established in 2004, Solidor manufactures hardwood core composite doors. The company employs 130 people at its Staffordshire manufacturing facility.

People
Gareth Mobley is CEO of Solidor. The deal was led by NorthEdge partner and head of new business Ray Stenton, director Jon Pickering and investment executive George Potts. As part of the deal, Stenton and Pickering have joined Solidor's board as non-executive directors, while Potts has joined as observer.

Advisers
Management – Altium, Dominic Orsini, Mark Smith (Corporate finance).
Equity – Pinsent Masons, Andrew Phillips, Thomas Shorten (Legal); KPMG, Steve Heath (Tax); BDO, Chris Heatlie, Andrew, Chrisi Leslie (Tax); CIL, Sebastian Chambers, Andy Hassall (Commercial due diligence).

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• Topics
• UK / Ireland
• Expansion
• Industrials
• NorthEdge Capital