“We were looking for a partner to help us continue on our current growth trajectory, as well as to identify and capitalise on new opportunities. LDC has a track record in helping businesses like ours to grow, a personal approach and a sizeable local presence,” said Ash Malhan, Managing Director, Integrated Doorset Solutions.
Ash Malhan continued: “Along with being a customer of Lloyds Bank, we’ve known the team at LDC for years. We’re looking forward to working together to enhance different areas of the business as we begin the next stage of our journey.”
David Bains, Partner and Head of LDC in the East Midlands and East of England, added: “IDSL is a leader in providing performance doorsets that are critical to its customer base, and the regular inspections and maintenance that keep their users safe.
“Ash and the business’s management team are highly experienced and committed, and we’ve built a strong, longstanding relationship with them over the last few years. With the expertise of the team and the opportunities in the market to grow through making complementary acquisitions, there’s no reason IDSL can’t keep going from strength to strength.”
LDC was advised by BDO (corporate finance and commercial due diligence), Cortus (financial), Claritas (tax), Catalysis (management), Mactavish (insurance), BFG (commercial) and Browne Jacobson (legal).
IDSL was advised by Magma (corporate finance) and Keystone (legal).
