Cairngorm Capital to accelerate growth strategy at doors firm
Edinburgh-based Cairngorm Capital Partners LLP has entered into a strategic partnership with Sentry Doors Holdings Limited to accelerate its growth and consolidate its position as an industry leader in the timber fire and security door-set market.
Established in 1989, Sentry Doors is a specialist manufacturer of timber fire and security door-sets for the social housing, public sector, commercial and residential markets.
Operating nationally from a 32,000 square foot facility in Doncaster, Sentry Doors has established a strong reputation for manufacturing products that meet the most rigorous quality and fire certification standards.
Its commitment to regulatory compliance and high manufacturing standards has resulted in independent third party accreditations from BWF Certifire and BM Trada Q-Mark1.
As an expert provider of fire and security door-sets to the social housing sector, Sentry Doors works to ensure that its products exceed the highest levels of compliance and as such, is at the forefront of the industry’s support for regulatory change.
The partnership will enable Sentry Doors to respond to the surge in demand for its products, driven by the increased focus on regulatory compliance and the significant retrofitting programmes. It plans to support its customers by increasing its manufacturing capacity, scaling production and improving geographic distribution.
The partnership was prompted by the decision of founder and managing director, Gordon Yates and his wife, Carolyn, to be less involved in the day-to-day running of the business, however, Mr Yates is to remain in the business in an advisory capacity.
Ty Aziz, Sentry Doors’ long standing general manager and Gordon’s deputy, is promoted to managing director.
He will be supported by a strengthened board led by Jon Gatfield, who joins as executive chairman.
Mr Gatfield has considerable experience in manufacturing and logistics, including senior interim roles at Customade Group and National Timber Group.
Gordon Yates, founder and managing director, said: “I’m delighted that Sentry Doors and Cairngorm Capital will be working together, as our sector is on the cusp of considerable change. Although I am beginning to think about retirement, it was really important to find the right partner who had the vision and ambition to guide Sentry Doors to fulfil its potential. I wanted an investor who would be a good custodian of Sentry Doors in the future and who would provide opportunities for our exceptional employees. Cairngorm Capital has a really strong track record in accomplishing this so I am confident that Sentry Doors will go from strength to strength.”
Jon Gatfield, executive chairman said, “I’m delighted to be invited to Chair a strong business with significant opportunities for transformational growth. In particular, I am looking forward to working closely with Tyrone and the rest of the management team as we build on the great company that Gordon, Carolyn and the team have created.”
This transaction was led by Stuart Whiteford, investment director at Cairngorm Capital, who added, ‘Sentry Doors is one of the most knowledgeable and trusted names in the industry, with all of the attributes that are important to us when we partner with a business – a compelling product range, deep technical know-how and exceptional customer service. We are particularly interested in firms that are technically focused, experts in their field, add value to their customers and possess strong growth prospects. We are delighted to support Sentry Doors in its next stage of growth.”
Cairngorm Capital was advised on this transaction by PwC (financial and tax), CiL (commercial), Addleshaw Goddard (legal) Vail Williams (property) and JLT Group (insurance).
Sentry Doors’ shareholders were advised by BCMS (financial), Smith Craven (financial) and Mills & Reeve (legal).