Elite KL rebrands as Calatherm after buyout

A Midlands-based thermal management company is setting its sights on growth following a management buyout.

Elite KL has rebranded to Calatherm.

Officials say it marks “an exciting new chapter” in the business' near 85-year history.

The firm, which operates from a 40,000sq ft Tamworth base, delivers advanced thermal management systems to the likes of JCB, Morgan, Ravo and Northern Rail.

The management buyout, led by Maven Capital Partners alongside co-investors Ethos Partners, has also led to several senior appointments, including Mark Holmes as chief executive, Gary Wilson as chief technology officer and Carol Maund as chief operating officer.

The company has also appointed Kim Wigley as financial controller and Daniel Jackson as director of business development.

Mark said: “This is more than just a rebrand – it’s a transformation that reflects our new beginnings under private ownership.

“As we continue to grow and evolve, it is critical our brand reflects the strength of our people, our expertise and our mission to help businesses and fleets navigate their green energy transition. 

“Cala is derived from the Greek word for fortress, symbolising strength, resilience and protection, while Therm relates to thermal energy, reinforcing our expertise in this field. 

“We are looking forward to cementing our position as a leader in delivering thermal solutions.”

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