PRESS RELEASE: Investment Secured
Mar-Key Group secures investment from Alcuin Capital Partners
Following a period of extensive growth, Mar-Key Group are proud to announce that we have secured private equity investment from Alcuin Capital Partners LLP, who have successfully provided capital to UK businesses for over 39 years. The investment will allow the business to accelerate the growth trajectory achieved to date and invest in additional staff, manufacturing machinery and materials to meet customer demand.
Nick Seaman, Partner at Alcuin, commented on their investment: ‘We are delighted to have backed Ben and his team at Mar-Key. We have stayed close to the business for over a year now and are delighted to have been able to track its strong growth in Structure Solutions and the continued development of the manufacturing operations. Together they have built a strong and unique platform and we look forward to helping Ben and his team accelerate the business’s growth trajectory over the coming years.’
Following the transaction completion, David Tabb, our Founder and Chairman, steps down from his role having successfully led Mar-Key Group since its inception in 1991. David will remain part of the business and continue his contribution to the design of the products. Commenting on this, CEO Ben Scroggie said: ‘My own journey with David started in 1999 and I am pleased to say that David will remain part of the team, focusing on the growing international markets and continuing his contribution to the design of our products. I will remain as CEO, along with the other familiar faces within the Senior Management Team.’
He added: ‘From our initial meeting with Alcuin, we knew they would be a fantastic investment partner for our business. Not only do they appreciate the incredible extent of our growth potential, but they share very similar values to us. They understand the importance of our team and company culture, and how this translates to the excellent customer service that our clients know and choose us for. We’re extremely proud to have reached this pivotal moment in Mar-Key’s history, and are excited to continue our growth trajectory with the support of Alcuin.’
We are incredibly grateful to our hard-working and committed team who have contributed to Mar-Key Group reaching this milestone. We have found an investment partner to move forward with which will allow the potential of this business to be realised. This is a very exciting time for the Company and the Team, and we look forward to having Alcuin’s support as we continue into this next phase of growth and development.