Endless backs MBO of Gradus
Endless LLP is pleased to announce that it has backed the management led buy-out of Gradus from its previous owner Caird Capital.
Based in Macclesfield in the North West of England, Gradus was founded more than 50 years ago and has evolved from being a manufacturer and supplier of flooring accessories into a broadly based commercial interior solutions provider offering a portfolio of products.
With a turnover of approximately £40 million and 300 employees Gradus offers commercial solutions for floorcoverings, barrier matting, wall protection and lighting design in addition to a comprehensive range of stair edging and floor trim profiles.
Following the successful buy-out the business will continue to grow in each of its product categories both in the UK and internationally.
Steve Watt, CEO of Gradus commented, ‘We are delighted that Endless has supported us in acquiring the business as we move onto the next phase of growth. We are excited about the opportunities being presented to us in the current market for our market leading products both here in the UK and overseas.’
Francesco Santinon who led the deal for Endless said ‘Gradus is a great example of a stable and growing business which has demonstrated its strong market position through the recession. Endless is delighted to support the current management team to fully realise the business’s potential as its end markets continue to benefit from the strong recovery in the economy.’