MSIF gets repaid four years early after backing buy-in of electrical engineering firm
Liverpool loan and equity provider provided a ‘significant’ investment to back Scott Davis’s management buy-in of Delta Rock Group. Since then the firm has prospered, increasing headcount from 32 to 45. Tony McDonough reports
A specialist electrical engineering business that was backed by Liverpool loan and equity provider MSIF last summer has repaid the investment four years early.
MSIF provided a “significant” investment to back a management buy-in of Delta Rock Group in Deeside, led by current owner Scott Davis. Since then the firm has prospered, increasing headcount from 32 to 45.
Its success has meant it has been able to pay back MSIF’s loan four years earlier than scheduled.
Delta Rock was founded in 1990 with a focus on electrical installation within the industrial and process sectors. In 2017, Mr Davis purchased the share capital of the business. Since the buy-in the company has evolved into an automation integrator, providing further value to the new and existing clients.
It now provides services that include control panel manufacture, electrical installation, control software design and commissioning.
Mr Davis said: “Paying the MSIF debt off in full is testament to the business and the people within it. We have put together the foundations of a formidable team to make this happen and I couldn’t be happier with our progress to date.
“MSIF have been pivotal from day one and I would have no hesitation in using their services again in the future.”
Simon Thelwall-Jones, investment director at MSIF, added: “Scott Davis is one of the best young businessmen MSIF have backed in recent years. It has been great working with him for the past year, and seeing him take Delta Rock Group to new heights of success.”