Panoramic invests in architectural aluminium and plastics specialist

Panoramic Growth Equity (“Panoramic”), the leading equity investor in fast growing, entrepreneurial companies, today announced the investment into Aluminium & Plastics Systems (APS) Ltd, a leading stock-holding company selling aluminium and PVCu products to the construction industry. This marks Panoramic’s second investment into Northern Ireland and the 16th investment of Fund 2.

Based in Lisburn, APS are specialists in architectural aluminium glazing systems for commercial and residential buildings. The company also stocks a wide range of aluminium and steel sheets and extrusions, aluminium and PVC fascias, rainwater systems, windows and doors, louvers and roof lanterns. Established in 2000, APS has completed an impressive portfolio of projects and gained an excellent reputation in the industry.

Panoramic’s investment has enabled two of the founding shareholders, Alan Denver and Ivan Bradford, to retire from their operational roles at APS. With the support of Panoramic, co-founders Managing Director Gary McNeill and Sales Director Chris Du Boulay, will continue to run the company targeting continued expansion across Ireland and the UK. Alan and Ivan will remain as minority shareholders and provide ongoing strategic support to Gary and Chris.

Gary McNeil, Managing Director at APS, commented: “Chris and I are delighted to have been backed by Panoramic and believe they will be a strong partner for APS through the next stage of its development. I would like to thank Alan Denver and Ivan Bradford for their hard work at APS since the Company was founded.”

David Atkinson, Senior Investment Manager at Panoramic commented “APS has demonstrated a track record of profitable growth over 20 years and developed a great reputation for design and service in the industry. We are pleased to support Gary and Chris in providing funding to build on the company’s success.”

Panoramic’s investment into APS was led by David Atkinson. Richard Moorehead, of HNH Capital, provided corporate finance advice to management. Legal advice to Panoramic was provided by Andrew Jennings and Kendra McCullough of Shoosmiths. Consilium Chartered Accountants provided financial due diligence through David Holt and Colin McCrann. Insurance due diligence was provided by Bernard Dunn of TL Dallas. Legal advice to management was provided by Edwards & Co.