CMS Window Systems has taken another significant step on its growth path by securing private equity investment from Maven Capital Partners, who have acquired a majority share of the business.
The acquisition releases equity for capital investment and in doing so signals the next chapter for CMS as it expands its production capacity and product portfolio to serve a growing commercial, public sector and housing client base across Scotland, and increasingly UK-wide. The company has grown from a start-up to a £36m turnover business employing 280 people in just 12 years, and it has even more ambitious plans now thanks to Maven Capital Partners’ backing.
David Ritchie, CEO of CMS Window Systems said: “Partnering with Maven Capital Partners marks the beginning of an exciting new era for CMS and its employees and will enable us to create further new jobs as we grow. With our established management team continuing to lead the business, it is very much ‘business as usual’ so customers, supply chain partners and other stakeholders will experience no changes in working with us.
“We will be announcing more detail about our immediate plans soon, which will support our strategy to develop our share of the market for windows and doors in the new build housing, commercial, social housing and trade sectors. We have an excellent team in place to drive the business forward in partnership with Maven, building on the strengths that our customers value and providing high performance window, door and curtain walling solutions to many more new customers too.”
Andrew Craig, Partner at Maven added: “Maven is delighted to have invested in CMS. As a Scottish business ourselves we have followed with interest the success CMS has achieved over the years and are excited to be working with David and the senior management team in helping support the continued growth of the business.”