Cattaneo Corporate Finance advises on Oaklands management buy-in

Cattaneo Corporate Finance has advised T3i Holdings on the Management Buy-In of Oaklands Plastics.

Cattaneo has advised T3i Holdings on the management buy-in of Oaklands Plastics, a Coleshill based plastics manufacturer employing more than 80 staff.

Oaklands is best known for its high quality products in the construction, traffic management and water management industries where it produces a range of barriers, mortar tubs and chutes, including the RB22 Crash Barrier, a common sight on UK roads and motorways. In addition, it produces a wide range of complex rotational and blow moulded products for many other industries and applications.

The acquisition will see the highly qualified T3i team, led by Keith Tudor, bring their industry know-how to a long established Midlands manufacturer. Keith has over 25 years’ experience in the manufacturing sector, having previously spearheaded the growth of Alexander Dennis, the bus manufacturer and led the rapid growth of Terex Pegson, a manufacturer of heavy plant. Keith will play a key role in the growth and development of Oaklands.

The acquisition was funded with the support of Aldermore Bank.

The Cattaneo team, led by Scott Peters, sourced and negotiated the funding package, working closely with the teams at T3i, Oaklands and Aldermore to structure and deliver the transaction in a timely manner.

Keith Tudor, of T3i Holdings, said:

“We are delighted to have acquired Oaklands, a well-respected name in the Midlands which is renowned for the quality of its products. We aim to continue to do what Oaklands does best, serving customers well while increasing the capacity to achieve the massive growth potential within the business.”

“The Cattaneo team have been working with me to look at acquisitions over the last few years and they have been very supportive throughout this time. When it came to executing this transaction they were responsive, knowledgeable and had a wide range of connections in the funding market, which was key to completing this deal. Their proactive approach drove the transaction forward and generated the momentum needed to get it over the line.”

Scott Peters of Cattaneo commented:

“Oaklands Plastics is a fantastic business with huge potential and a real example of the quality of manufacturing in the West Midlands. The team at T3i is hugely talented and are a great fit for Oaklands; their experience in taking SME businesses to the next level will be hugely beneficial to Oaklands and in turn to the local area. We wish Keith and his team every success and are excited to see what’s next in store for Oaklands.”

Alex Hazell, Business Development Manager at Aldermore commented:

“Aldermore has a real appetite to support businesses like Oaklands with talented management teams like the team at T3i. It’s great to be able to support local manufacturers and we were able to structure a robust funding package to support this transaction. Oaklands has a strong future ahead and we’re delighted to be supporting them on their journey.”