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Private equity investment opens door to growth for Notts firm

Equity firm Pirvate LDC has invested in Integrated Doorset Solutions Limited (IDSL), a performance systems specialist, to partner with the management team and support its continued growth strategy.

The deal will see IDSL target further organic growth and make acquisitions, LDC says.

Founded in 2015 and based in Mansfield, IDSL manufactures specialist performance doors such as fire doors and security doors for use in buildings including hospitals, schools, student accommodation, commercial and residential properties. It has two production units and employs 286 people. IDSL owns brands such as Leaderflush Shapland and Timbmet Door Solutions Limited (TDSL).

IDSL Group also includes Fire Door Inspection Solutions (FDIS), which specializes in the inspection, maintenance, repair and replacement of fire doors.

The business has a strong growth track record with 22% annual growth since 2016.

LDC supports IDSL’s existing management team led by Founder and Managing Director Ash Malhan. John Willox, formerly of fire testing and inspection group Exova, joins the business as chairman. The transaction was led by LDC’s East Midlands team, including partner and head of East Midlands and East of England David Bains, investment director John Green and investment manager Mikayil Salahov.

Ash Malhan, Managing Director of Integrated Doorset Solutions, said: “We were looking for a partner to help us continue our current growth trajectory as well as identify and capitalize on new opportunities. LDC has a track record of helping companies like ours grow, a personal approach and a considerable local presence. As well as being a Lloyds Bank customer, we have known the team at LDC for years. We look forward to working together to improve different areas of the business as we embark on the next stage of our journey.”

David Bains, partner and head of LDC in the East Midlands and East of England, said: “IDSL is a leader in providing performance doors, which are essential to our customer base, as well as regular inspections and maintenance that keep users safe. Ash and the company’s management team are very experienced and committed and we have built a strong and long-lasting relationship with them over the past few years.

“With the expertise of the team and opportunities in the market to grow through complementary acquisitions, there is no reason why IDSL cannot continue to go from strength to strength.”

LDC was advised by BDO (corporate finance and commercial due diligence), Cortus (financial), Claritas (tax), Catalysis (management), Mactavish (insurance), BFG (commercial) and Browne Jacobson (legal).

IDSL was advised by Magma (corporate finance) and Keystone (legal).

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