Elaghmore acquires SB Components

Financial details of the transaction remain undisclosed, though a spokesperson for Elaghmore told unquote" the GP typically looks to write equity cheques of £5-10m.

The deal marks the first investment with capital drawn from its £60m maiden fund, which recently held its final close.

With the backing of Elaghmore, SB Components is investing in the expansion of its existing manufacturing facility in Wisbech. The expanded site will accommodate the growth of the company's commercial body division.

Company
Founded in 1988 and headquartered in Wisbech, Cambridgeshire, SB Components is a manufacturer of components and adaptations for commercial vehicles. The business has a headcount of 130.

According to publicly available records, the business generated a turnover of £15.2m and operating profits of £1.4m in its most recent financial year.

People
Elaghmore – David Manning, Andy Ducker, Greg Koral (partners).

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