Layton Tamberlin and Sullivan Street Partners Lead GBP15 Million Investment in Taylor Continental
Sullivan Street Partners, a London-based private equity group co-founded by Layton Tamberlin, has acquired the commercial and industrial producer of waste and recycling containers, Taylor Continental.
LONDON, ENGLAND, March 13, 2012
Private equity investment company Sullivan Street Partners, along with direct investment business, Oakfield Capital Partners is leading an acquisition of the UK's waste and recycling bin manufacturer, Taylor Continental Group. The family-owned business is said to be the market leader in four-wheeled steel, waste and recycle system designs. The company dates back to 1962 and was formerly known as Egbert H Taylor & Co. Ltd. In 2005, the company was bought by ECI Partners, with Sullivan Street working in tandem with ECI to manage the group just months before the deal took place.Taylor Continental Group, located in Droitwich, Birmingham supplies more than 50,000 waste and recycling collection bins to commercial and industrial waste companies in their sector, producing enough to have more than 80 percent of the market and manufacturing more than 20,000 containers every year. They're also a worldwide manufacturer, selling over 1.5 million containers globally. By June 2011, the company already had revenues of more than GBP20 million for the year.
They are especially pleased to be working with Sullivan Street Partners. As the Taylor Chairman, Peter Selkirk, put it, "We are delighted to be partnering with Sullivan Street as they understand our business well and working together will enable us to build on the excellent platform we have established over the last five years."
Sullivan Street Partners, a company run by Richard Sanders and Layton Tamberlin, has consulted with the company since 2006, when Sanders first began working with the management team. Partner Layton Tamberlin also brings with him 8 years of experience as a private equity investor. Together, the team has invested in a plethora of businesses including environmental service companies like Taylor Continental. Their hope is to put Taylor in a position for superior acceleration and growth both in the UK and abroad since the group already has the potential. Co-founder Layton Tamberlin believes Taylor Continental provides a great platform to develop within the environmental and recycling services industry.
Sullivan Street Partners is an investment firm located in London, England that currently owns and controls stakes in companies where they inject equity of as much as GBP15m. The companies they invest in are detailed and complex, adding structure and an approach tailored for future growth. The company has invested in a wide range of companies including Baby Concierge and private healthcare business Samedaydoctor.
Mr. Tamberlin says he sees the investment as a golden opportunity and calls it "the right company at the right price in a resilient industry." These reasons, as well as Sullivan's familiarity and admiration of Taylor's management team, has made it a smooth transaction and a perfect investment.
David Williams, new CEO of Taylor Continental Group, is understandably proud of this development also, saying that the company has worked hard to build a competitive business and are only moving forward with this fresh investment, which also means a new expansion plan. Because the company has found a very "hands-on investor" that wants to be involved, decisions can be made faster and the company can be more flexible, says Williams. This has given them the chance to react quickly to customer needs, improving business performance and customer service.
For further information regarding Layton Tamberlin, please visit www.layton-tamberlin.co.uk.
