ThinCats, the alternative lender to mid-sized SMEs, has provided a £3.4m funding package to support integrated safety and security solutions business Total Integrated Solutions Limited (TIS) with its future growth plans.
Incorporated in 1951, Mansfield-based TIS designs, installs, maintains and services integrated safety and security solutions across a broad range of sectors including retirement villages, open space CCTV and Smart City installations, the Ministry of Defence and further education.
Over the past nine years, shareholder and CEO James Twigg has expanded the technical capability of the business and significantly grown revenue and profitability driven by a strategy of delivering innovative solutions to a highly sophisticated customer base.
Backed by Key Capital Partners, one of the most experienced private equity teams in the UK, TIS’s growth strategy will be underpinned by investment in marketing and sales resource and bolt on acquisitions which enhance its product range, increase geographical presence and secure the supply chain.
ThinCats were introduced to TIS by Matt Tice, investment director at Key Capital Partners, with legal support provided by Paddy Sturman of Irwin Mitchell. TIS were supported by Andrew Fordham of Addleshaw Goddard on the transaction.
James Twigg, CEO, TIS, said: “I am delighted to be working with ThinCats on the next stage of our growth. With great backers in KCP, we also wanted a funder that also understood our needs and shared our passion and ThinCats have lived up to that expectation. The funding will bring many opportunities for my incredibly talented team to grow the business as we strive together to really make a difference to our customers strategies, assets and people.”
Ben Kimball, director regional business development, ThinCats, said: “The combined tracked record of Key Capital as investors, and the TIS management team provide a fantastic funding opportunity for Thincats. The TIS growth story is compelling, and I am delighted we are able to back James and team on their next step in the journey.”
