LDC backs Texecom’s management buyout (MBO) from FTSE 100-listed technology group, Halma plc

Mid-market private equity investor, LDC has backed the management buyout (MBO) of Texecom from FTSE 100-listed technology group Halma plc.

Texecom management buyout

LDC’s significant investment will support Texecom’s existing management team, led by Managing Director, Jim Ludwig, to build on its market-renowned position and international presence, through developing new products, enhancing its digital services and exploring complementary acquisitions.

The investment was led by LDC’s Head of Yorkshire Dan Smith and Investment Directors, Will Scales and Leigh Daveran. As part of the transaction, Dan Smith and Will Scales will join Texecom’s Board as Non-Executive Directors.

Meeting complex electronic security needs

Our customers’ electronic security needs are becoming more complex than ever"

Jim Ludwig, Texecom’s Managing Director, said “Our customers’ electronic security needs are becoming more complex than ever. By prioritising innovation, both organically and through acquisitions, we will continue to provide market-renowned products and services to our clients, so that they feel safe and can get on with their day-to-day lives.”

Jim Ludwig adds, “We’re thrilled to have an investor that is as excited about our business, and the customers we serve, as we are. Our new partnership with LDC gives us the support and financial firepower to build on our legacy and achieve our ambitions. With the team’s help, we will continue to grow market share in the UK and in key overseas markets.”

Widening Texecom’s global footprint

Dan Smith, Head of Yorkshire at LDC, stated “Texecom’s international footing and its reputation for quality, innovation and technical capability means the business is perfectly positioned to take advantage of the evolving global security market. We’re excited to support Jim and his ambitious management team to realise Texecom’s future potential.”