IESA, the Cheshire based and Gresham Private Equity backed Business Process Outsourcer (BPO), has acquired the entire share capital of Active Supply Holdings Limited.
Founded by Brian Lloyd in 1999 and now based in Stoke on Trent, Active provides indirect supply chain management services to large manufacturers such as Michelin, Rolls Royce, Siemens and Toyota amongst others, including achieving Premier Supplier status with its largest client. Active has particular capability in the Aerospace, Automotive and Energy Industries, notably regarding OEM supply chains, and enjoyed a record year in 2016 with revenue exceeding £40 million.
Two of the three Active Shareholders from their 2014 Management buyout, Managing Director Richard Bennell and Operations Director Ian Whinray, will become IESA shareholders and will join the IESA management team, whilst Active founder and Chairperson Brian Lloyd will become an IESA consultant.
In association with this, IESA has refinanced its enlarged business, following its 2012 MBO term debt being fully repaid in late 2016, through RBS’s Asset Based LendingDivision.
Commenting on the transaction, IESA CEO Glenn Timms said: “I am delighted that we have been able to consummate this combination as Active is an organisation that we have admired for some time, particularly with regard to its sector and OEM expertise. Since IESA’s inception in 2001 and particularly since our MBO in 2012, our disruptive indirect supply chain model and associated award winning technology platform has been gaining increasing traction in the market place, both historically in the UK and Ireland, and more recently across Continental Europe and beyond. Following our revenue reaching £180 million last year, we are currently enjoying a record year for new business wins, and the IESA platform now supports in excess of 70 major clients and over 27,000 vendors. Looking to the future, as we extend a warm welcome to our new colleagues and move to combining Active’s strengths with those of IESA, this will help to ensure that we accelerate the growth of our enlarged organisation.”
Active Chairperson Brian Lloyd added: “Having Founded Active in 1999 and successfully built and expanded the business, including our MBO in 2014, we have moved from originally servicing machine tools to managing end to end indirect supply chains for some of the worlds foremost engineering and manufacturing organisations and having surpassed revenues of £40 Million in 2016 I am hugely proud of what we have achieved. Therefore, having reflected on possible next chapters for Active, including conversation with IESA over a number of years, we came to the conclusion that this combination is the ideal way forward for all concerned and I have no doubt that the enlarged business will prosper and thrive going forward.”
Active Managing Director Richard Bennell added: “I have always viewed IESA as a similar yet bigger broader business with outstanding technology, which means that there is a great fit between our two businesses and I am delighted that we have combined Active’s strengths with IESA’s such that we can provide our clients with even more comprehensive and compelling solutions, and our employees with even greater opportunities, as well as being even better qualified to win further new business and we are all therefore excited that Active has become part of IESA.”