Bowman Stor is a renowned for designing, developing, manufacturing and distributing industrial condensate filtration systems, with its revolutionary patented SILEXA™ filter media product made from recycled glass. Bowman Stor supplies domestic and international clients around the globe, across a range of sectors including automotive, aerospace, engineering, facilities management, healthcare, manufacturing, water treatment and pharmaceutical.
The Regional Debt Fund invested into the firm to facilitate a management buyout (MBO) by its current managing director, Richard Potts.
Richard Potts, Managing Director at Bowman Stor, said:
“At Bowman Stor, we’ve worked hard over the years to provide innovative solutions for businesses under increasing pressure to improve sustainability and navigate changing environmental legislation in a cost-effective way.
“By focusing on R&D, we have been able to bring to market a number of filtration products, paving the way for future growth, where our unique technology can be used to support a variety of new industries across the world. Having been part of the business for more than five years and by taking a full shareholding, I look forward to driving forward this growth and establishing our own SEPURA brand in all markets”.
“FDC have, and continue to be, fully supportive of this transaction and me. They have been completely flexible and pragmatic in terms of their deal structuring, to ensure that the deal is right for both Bowman and themselves. I couldn’t have done it without them.”
Investment fund - Growth Capital