Fen-Bay Services secures backing from investor group
Loading bay equipment supplier Fen-Bay Services has secured backing from an investor group, in a deal advised by BCMS.
Sleaford-based Fen-Bay is a leading provider of loading bay equipment, industrial doors, gates, barriers and high-speed doors, undertaking new installations, servicing, maintenance and repairs for customers across the UK and Ireland.
The investment was arranged by Chelverton Asset Management on behalf of its client Hockley Capital, committing substantial funds to enable the existing management team – led by Carl Sedlan and John Aitken – to support product innovations, including the company’s new off-grid door control system Eco-bay.
At the time of the transaction in 2017, Carl Sedlan, Fen-Bay MD, said: “The last few months has been a steep learning curve, but in spite of the potential distraction of the deal process, Fen-Bay has continued to perform, enjoying its busiest year to date. We have continued to deliver for our customers and, with the support of Chelverton and Hockley, we’re now raring to go for the next chapter in the company’s development.”