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WCCTV will use the investment to accelerate the Company's international expansion and new product development plans.
Wireless CCTV (WCCTV), the market-leading supplier of redeployable surveillance solutions, has secured a £30million investment for a minority stake from leading mid-market private equity firm LDC.
The partnership with LDC will accelerate WCCTV’s ambitious domestic and international expansion plans and support the launch of new products and services.
Headquartered in Rochdale, Greater Manchester, WCCTV is the UK’s leading Equipment as a Service provider of wireless surveillance products, including redeployable CCTV, site security solutions and body worn cameras.
Its products are utilised by the infrastructure, utilities, retail, transport and construction sectors, as well as local authorities and housing associations across the UK and the US. In February this year WCCTV received ISO 27001 accreditation, the gold standard in security management across the industry, for all of its products, services, offices and operations in the UK.
Founded in 2001, WCCTV has three offices across the UK, with locations in Edinburgh and Luton alongside its Rochdale headquarters, with a fourth base in Texas, United States. The firm has a strong track record and has grown revenues by more than 50% in the last three years to £14.1million in the financial year end 31 July 2020.
(Pictured L to R: David Gilbertson - CEO, Tim Williams - Chairman - Wireless CCTV Ltd)
LDC is backing the incumbent management team, led by Chairman and Founder Tim Williams and CEO David Gilbertson. Under Tim and David’s leadership, WCCTV has successfully established a footprint in the US, opening its office in Texas in 2015, and invested significantly in new product development that has helped the business achieve its market leading position.
The deal will see Ian Burnett join WCCTV’s board as a Non-Executive Director. Ian brings over 30 years’ experience in supporting the growth strategies of multi-site businesses
The investment was led by LDC’s Head of the North West, Dale Alderson, alongside Investment Director Richard Ibbett and Grant Goodwin. Dale and Richard will also join the board as Non-Executive Directors as part of the deal.
Tim Williams, Founder and Chairman at WCCTV, said: “Over the past 20 years we have built our reputation as the go-to for rapidly deployed and redeployable, surveillance solutions. I would like to thank our dedicated workforce and accomplished management team who we believe will deliver the next stage of our exciting growth strategy. With LDC’s backing we have an opportunity to scale at pace, further enhance our product range and extend our footprint both in the UK and overseas.”
Dale Alderson, Head of the North West at LDC, said: “The team at WCCTV has successfully built a business in a high-growth market, with a truly customer-centric product range that has supported its growth in the UK and America. With our support, the business has the perfect platform to grow even further by adding new innovations and specialisms to their range. We’re excited to partner with them at this key stage in their journey.”
Tim Williams was previously named one of the UK’s Top 50 Most Ambitious Business Leaders, as part of LDC’s Top 50 Most Ambitious Business Leaders programme.
WCCTV, who celebrate a 20-year anniversary in 2021, were recently named as one of the London Stock Exchange’s 1000 Companies to Inspire Britain and selected as the North West’s Manufacturer of the Year by Insider Media in 2020.
WCCTV was advised by GCA Altium and Addleshaw Goddard.
LDC was advised by KPMG and Squire Patton Boggs. EY provided financial due diligence, CIL provided commercial due diligence and Intechnica provided technical due diligence.
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