Shaftec has announced that long-term investment company Ardenton Capital is to invest in its business.
The investment will allow the remanufacturer of transmission, braking and steering components to accelerate its business growth further into new European markets and extend brand awareness, while continuing provide excellent customer service to its existing loyal customer base.
Shaftec managing director, Robert Jones, who founded the business 23 years ago, said: “Whilst it’s business as usual for our customers, these are exciting times for Shaftec.
“The investment from Ardenton Capital will help support the business as we develop our strategic vision for the brand and implement our expansion plans into new European markets.
“Sharing our ethos for long term, sustainable growth – Ardenton are our partner of choice.”
Iain Marlow, director of Ardenton UK, said: “We seek to partner with exceptional management teams who demonstrate a clear passion for their business and are committed to long term and sustainable growth.
“Shaftec is a true market leader and its success to date is a testament to the operational excellence and dedication of its management team.”
Tom Curtis, Shaftec sales director said: “We pride ourselves on being able to offer the largest product range and combine this with unrivalled customer service and technical support.
“We look forward to working alongside Ardenton to grow the business further.”
Shaftec has been supplying remanufactured and new parts to the motor trade for more than 20 years.
With 130 employees, the business operates from its 42,000 sqft facility in Birmingham where it remanufactures and distributes products around the UK and Europe.
Ardenton targets majority investments in businesses alongside strong incumbent management teams seeking support in delivering long-term sustainable growth for their businesses.
Ardenton has been active in the West Midlands since the Canadian-based investor established its first overseas office in the UK in early 2017.
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