Arbuthnot Commercial ABL supports Impact in management buyout

Arbuthnot Commercial Asset Based Lending (ACABL) has provided funding to support a management buyout (MBO) at building energy management systems provider Impact Control Systems (Impact).

The transaction, advised by Brabners, was financed through a Confidential Invoice Discounting facility and a Growth Guarantee Scheme loan from ACABL. The package not only enabled the exit of the company’s husband-and-wife founders but also gives the business additional headroom to deliver on its future growth plans.

The MBO was led by the founders’ daughter and son, joined by four senior managers who have each worked at the business for more than a decade.

Founded in 1991 and headquartered in Liverpool, with additional offices in Manchester, Leeds and London, Impact provides design, installation and maintenance services for heating, ventilation and air conditioning (HVAC) control systems across a wide range of industries.

Alex Price, Managing Director at Impact Control Systems, commented: “The new facility from Arbuthnot provides the perfect platform as we continue to drive the success of the business. Ours is a very personable and independent business, with many long-standing customers and a well-established team. We will be continuing to build on this strong ethos in the years to come.”

Price added: “We were new to asset-based lending. Arbuthnot took the time to come to see us on multiple occasions, bringing their team to get to know us, and allowing us to understand the potential of the facility for our business. This has really helped cement our working relationship. I know I can ring real people who know us well and that will immediately help. We look forward to a successful partnership for many years to come.”

Andrew Rutherford, Commercial Director at Arbuthnot Commercial ABL, said: