The Company & Our Investment
Octopus announced the £16 million management buyout of Hydrobolt Group Limited, and its sister company Studbolt, on 2nd April 2008. Based in Wolverhampton, the Group is one of the UK's leading manufacturers and distributors of fully traceable, high integrity special fasteners and studbolt assemblies for the oil & gas and power generation markets.
Hydrobolt manufactures quality and safety critical products for use in hostile environments, where extremes of temperature and pressure are encountered. The Group has a reputation for quality and deliverability and supplies a large and diversified customer base both nationally, and internationally, through sales offices in the US, Canada and Singapore.
Octopus supported the management team with a £4.5 million investment to buy out the founder and majority shareholder.
"We are thrilled to have had the opportunity to buy the business we have been successfully running and growing for the past five years. Octopus has been extremely supportive and helpful throughout the process. We were particularly impressed by their open, pro-active and professional approach which led to the transaction being completed smoothly and within a relatively short timeframe."
Jamie Simpson, Group Managing Director of Hydrobolt
