Newable Capital makes first strategic investment in ARC Building Solutions
Newable Capital is delighted to announce its majority investment in Leeds-based ARC Building Solutions for an undisclosed sum.
Based in Leeds and founded in 2008, ARC has grown to become the market leader in the manufacture and supply of award-winning certified cavity fire barriers to the UK house building and construction markets. The investment by Newable Capital coincides with a factory move on Gildersome Spur, doubling the capacity of the previous facility. This will enable further improvements in production processes to better cope with increased demand for products.
Newable Capital’s investment follows the recent appointment of Peter Barrand as Managing Director. Barrand commented,
“Newable Capital has been established to support excellent UK companies working at the heart of the economy. The team has screened over 300 investment opportunities this year and ARC is the first of a number of strategic investments we plan to make in the coming months. We are delighted to be supporting Andrew, Russell and the team through the next phase of growth.”
Founding shareholder at ARC, Andrew Danzey said, “ARC has been looking for a new investor for a period of time who can help provide the finance and support to help us drive the business forward as we move to the new factory, develop new products and expand across the UK. We are delighted to be working with Newable Capital to help realise the potential of the business.”
Danzey, along with fellow founding shareholder Russell Irving, will continue with the company, which currently employs 60 members of staff. In addition to financial support, Newable Capital can offer additional resources across IT systems and automation, HR, finance and marketing.