Member Article

Gresham buy out Warrington-based IESA

Mid market private equity specialist, Gresham, have announced the buy-out of Warrington-based Integrated Engineering Stores Associates (IESA).

Gresham has invested £23m in the specialist maintenance, repair and operating goods (MRO) expenditure firm.

The buy-out plan aims to take advantage of the growth in the MRO outsourcing market, consider international opportunities and expand the business into new verticals.

IESA was established in 2001, and has invested heavily in IT, and now uses its software to manage clients’ supply chains.

The firm works with clients to reduce inventory costs, streamline procurement and order processes, introduce advanced stock control and invoice management techniques and establish online solutions.

2 Sisters Food Group, AstraZeneca, Jaguar Land Rover, Premier Foods and NSG are among IESA’s clients.

Mark Blower, partner at Gresham comments: “IESA is a great investment for us. Its market-leading software differentiates it from its competitors and is unrivalled in the UK.

“We believe this is a fantastic opportunity and with its strong track record, recent customer wins, and our investment and experience, we will work together to exploit the market opportunity presented in the UK, and indeed internationally, for a world class BPO company.

“We are also happy to say that following the investment IESA will be expanding and moving to new offices and increasing staff numbers.”

Jon Davidson, COO, IESA said: “At the heart of our business is a unique web-based, transaction-driven system, which sets our business apart from the rest of the market.

“We’re looking forward to working with Gresham to maintain our robust market position and take advantage of future opportunities, continue our growth strategy and take the company international.

“It is a fantastic boost to our business. Gresham delivered exactly what they said they would and on time.”

This was posted in Bdaily's Members' News section by Tom Keighley .