We have successfully advised our long-standing client LDC on its investment in Deltron.
As part of the deal, LDC has made a minority investment in Deltron Lifts Limited, a Dudley-based lift services company.
The investment backs Deltron’s existing management team, including directors Scott Haywood and Lukas Schlenker, and newly appointed non-executive chair Duncan Cooper. It will also help Deltron to accelerate its growth strategy, underpinned by investment in services and complementary acquisitions.
LDC’s West Midlands team, which led the transaction, was supported by Beth Mather, with further assistance from the Corporate, Banking, IPCT, Regulatory, Employment, Pensions, and Real Estate teams across our Birmingham, London, and Manchester offices.
Commenting on the deal, LDC investment director Matt Newbold said: “Deltron is perfectly positioned for further growth, and we look forward to working with them to support the next phase of their journey.”
With 94 employees and more than 1,700 customers, Deltron maintains 9,000 units for a variety of public and private sector clients, including housing associations, local authorities, hospitals, and property and facilities management firms.
“For us, it’s business as usual,” Deltron director Lukas Schlenker said. “But now with an expanded team and even more experience on board.”