Clearwater International advises private shareholders on the sale of Polyframe Holdings Group to Cairngorm Capital and management
Clearwater International has advised the shareholders of Polyframe Holdings Group (Polyframe) on its sale to private equity firm, Cairngorm Capital and management.
Polyframe was established in 1992 with the vision of offering an unrivalled level of reliability, flexibility and customer service, along with the most extensive product portfolio within the PVCu and aluminium sector. Since then Polyframe has grown into one of the largest manufacturing companies of PVCu and aluminium windows, and composite doors for trade customers in the UK, with a group turnover exceeding €58m.
The acquisition, led by Ian Macdougal, Polyframe’s CEO, was prompted by the retirement of Founder and Chairman, Martyn Buckley.
Cairngorm Capital’s investment is the first equity investment from its debut fund Cairngorm Capital Partners I, L.P. The investment is representative of Cairngorm Capital’s ethos of actively partnering with management teams to provide operational expertise as well as financial support.
The funding also supports investment in new equipment and capacity expansion to accelerate future growth.