Comhar backs Fabriweld in debut investment
New investor Comhar Capital has acquired Fabriweld Tubular Steel Products alongside incoming managing director Joe Martoccia in a management buy-in.
The current CEO, Nigel Gibson, has sold his shares and will step down and continue to work for the business in another role. Martoccia has previously worked as a supplier to the company.
Comhar was established in 2018 by former LDC investment director Craig Wilkinson and former Fastflow Group CEO Neil Armstrong.
The company plans to expand into additional sectors and increase its international footprint following the transaction.
Debt was provided by Allied Irish Bank (GB).
Company
Founded in 1979, Nottingham-based Fabriweld is a design and manufacturing company that provides steel, aluminium and polymer products to the audiovisual, healthcare and corporate furniture markets. The company operates in 30 countries worldwide.
People
Comhar Capital – Craig Wilkinson (founder).
Fabriweld – Joe Martoccia (managing director).
Allied Irish Bank (GB) – Tom Jessop (relationship manager).
Advisers
Equity – DAC Beachcroft (legal); Cowgills (financial due diligence, corporate finance).
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