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Barrier firm deal

ATG Access, the vehicle barrier designer and manufacturer, has secured private equity investment from LDC, part of the Lloyds Banking Group. The Haydock-based firm says that the deal will provide capital for the business to accelerate its expansion in the UK and in international markets. Pictured is one of ATG Access’ products at Horse Guards Parade, London.

ATG Access, in Merseyside, employs over 70 people. The company’s products are in use at Horse Guards Parade in London, Heathrow Airport, Changi Airport in Singapore, Doha International Airport, Shanghai Expo Centre, and the Malaysian Prime Minister’s office among other government and infrastructure sites. The company, which recorded sales of £16.4m for the financial year ending April 2012, exports to over 40 countries and has secured a number of international contracts.

With the backing of LDC, ATG Access plans to capitalise on the rapid expansion in major infrastructure investment in the Middle and Far East, South America and Africa, as well as demand in the UK and US for both new and retrofit infrastructure projects. The business will also explore potential bolt-on acquisitions and product development.

Glenn Cooper, CEO of ATG Access, said: “We are a proud British manufacturer that has developed into the leading player in the global high security vehicle barrier systems sector through strong contractor and distributor relationships, as well as best in class products and expertise. However, there remains significant opportunity in emerging markets where investment in infrastructure is on the rise. LDC’s investment provides not only the capital to expand, but also additional strategic input and access to its international network, which will lead us into the next stage of our development.”

Directors Ged Gould and Carl Wormald led the deal for LDC’s North West office. Ged Gould, who will join the board of ATG Access, commented: “Heightened global security risks have raised awareness and the need for solutions to counter the threat of vehicle-borne attacks. ATG Access holds a dominant position in this high-growth sector and has enormous potential to expand in the UK and in new emerging markets. We will enable ATG Access and its experienced team to execute its organic growth plan, through strategic and operational advice, as well as supporting selective acquisitions to widen its product portfolio.”

Carl Wormald, Head of LDC in the North West, added: “ATG Access is a strong example of the businesses that we are looking to back, given its status as an advanced manufacturer, buy and build potential and appetite for international expansion. Following a record 2012 in terms of investment, we remain as committed as ever to supporting the North West’s ambitious management teams, despite the challenging trading environment, to expand their businesses and capitalise on the growth opportunities that the economy presents.”

Addleshaw Goddard (Paul Medlicott) provided legal advice to LDC, while KPMG (Jonathan Boyers) and DLA Piper (Jonathan Watkins) advised ATG’s shareholders and management on the deal. Visit www.ldc.co.uk

About ATG Access

ATG Access has a product range of automatic and manually operated vehicle barrier systems including bollards, road blockers, specialised gates and barriers. ATG Access has over 4,000 traffic management and security installations worldwide.


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