LDC sells ATG Access to trade in £22.5m deal

LDC made a minority investment in the vehicle barrier manufacturer in 2013 to support its international growth. Since LDC’s investment, ATG’s staff numbers have grown by 40% and annual sales by 30% to £21.1m. Exports account for 40% of total sales.

ATG also invested in product development, creating Surface Guard, a lightweight barrier used at the London Marathon.

The firm was sold to Hills & Smith, a FTSE 250 group operating in infrastructure and galvanising.

Company
ATG designs, manufactures and supplies high-security vehicle barrier systems used to secure buildings and venues. Typical sites for its products are airports, stadia, railway stations, office developments and shopping centres. It generated £21.1m of turnover and adjusted EBITDA of £2.5m in the 12 months to 31 October 2018. It is based in Haydock, near Liverpool.

People
LDC – Ged Gould (senior director); John Clarke (director).
ATG Access – Gavin Hepburn (managing director).

Advisers
Equity – KPMG Corporate Finance (corporate finance); DLA Piper (legal).

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• Exits
• UK / Ireland
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• Trade sale
• United Kingdom
• LDC