GCA Altium advises NorthEdge on its investment in Platinum Stairlifts
Based in West Yorkshire, UK, Platinum offers a full suite of high quality, custom built stairlift products, which it sells via an international network of over 250 authorised dealers, distributing to more than 40 countries, including France, Germany, the Netherlands, and the US. Strong growth has been achieved in recent years, with revenue increasing by more than 20 per cent per annum since 2012.
NorthEdge is backing the existing management team, led by founder Tim Frear, with the company due to invest in new product development, enhance its proposition for distributors and strengthen its presence across international markets.
Stuart Warriner, who led the GCA Altium deal team, said: “We are delighted to have advised the Leeds office of NorthEdge on this investment. The deal is illustrative of the increasing number of transactions that we are involved in throughout the region.”
The deal represents GCA Altium’s 20th transaction in the Industrials and Healthcare sectors in the last twelve months.