Thornhill Heat Exchangers

Date Bought: July 2018

Industry: Engineering Services

Location: UK




“I am delighted to be working with Rcapital and look forward to an exciting growth period for our engineering, rail and rubber divisions, driving better performance for customers, suppliers and our employees”

David Lilley, Group MD

Rcapital has supported the MBO of Thornhill, an established heat exchange engineering group based in both the North and the Midlands of the UK.

Thornhill Heat Exchangers is a leading UK Supplier of Heat Exchanger products. Renowned for its Plate Heat Exchanger spares and service, it also has a strong reputation in the design and manufacture of Shell & Tube and Air Cooled Heat Exchangers, making them one of few companies globally that can offer a complete Heat Exchange solution.

It serves a blue-chip customer base in the oil and gas, steel, rail, nuclear, food & drink and power generation sectors.

The deal secures over 100 jobs in the engineering sector and will provide both financial stability for the business and a platform for future growth.

Rcapital has worked closely with the management team to agree and support a growth strategy, focussing not only on Thornhill’s established business divisions in Grimethorpe, where the business already has a leading position in the heat exchanger market, but also its service division in Blaydon and the rail division in Atherstone.