Five-figure funding enables US expansion for Liverpool-based Alphasonics

Ultrasonic cleaning systems firm Alphasonics has expanded across the Atlantic with the help of a five-figure investment.

The Liverpool-based company is using the £75k from funding provider MSIF to establish a new base in Virginia, US.

The sum was awarded through the the NPIF – BFS & MSIF Microfinance Fund, part of the Northern Powerhouse Investment Fund.

Alphasonics was founded in 1993 by managing director David Jones, who has grown the business into a global enterprise with over 2,200 customers.

Under advice from the Department for International Trade and Liverpool Chamber of Commerce, the company decided to secure funding to create a permanent sales office in the US.

Alphasonics’ sales and marketing manager, Chris Jones, will relocate to Virginia as part of the expansion.

David Jones said: “It has been clear to us for several years that unless we actually had feet on the ground in the US, we were never going to gain a foothold.

“So, it made very clear sense to us to approach MSIF once again to assist us with the cost of this set up.”

MSIF investment manager Andy Jones commented: “It was great to work with Dave again – he is a pre-existing MSIF client, and someone I really enjoy working with.

“I’ve seen Alphasonics go from strength to strength over the years, so I’m really excited to see them develop even further into America with this funding.”

Duncan McCann, of corporate finance firm MC Vanguard, assisted David Jones throughout the expansion process.

He said: “It was a pleasure being involved in yet another successful fundraising project for Alphasonics, which will assist the business in reaching another important milestone in its growth, allowing David and Chris to expand the Alphasonics brand and customer base in a major strategic location.”

British Business Bank director Grant Peggie commented: “We are delighted that MSIF has provided Alphasonics with the support needed to expand their global market presence.

“This deal is testament to the hard work achieved by our fund managers and the collaborative support provided by our partners. Alphasonics has huge growth potential, and we are excited to see how the business will evolve in the world’s largest consumer market with the help of NPIF funding.”

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