Stonehold Capital acquires established services and manufacturing businesses across the United Kingdom.

We buy one or two businesses a year from retiring owners, appoint a managing director, and hold them permanently.

Speak with us
The Palace of Westminster and the clock tower from the South Bank
Foundations

A permanent owner with no date to sell.

Permanent ownership

There is no fund life and no date by which the group must sell, so decisions are made on a ten year view. A business bought this year is expected to still be in the group in twenty.

A managing director in the chair

When an owner steps back, a dedicated managing director runs the company day to day. The name stays, the team stays, and the standards the owner set stay with them.

The strength of a group

Back office, procurement, recruitment, compliance and customers are shared across the companies. That is where a group becomes worth more than the businesses inside it.


Acquisition criteria

Profitable, unglamorous, and already working.

Operating profit
£500,000 to £1.5m a year, earned consistently and not dependent on one good year.
Revenue
A contracted or repeating base. Planned maintenance, service agreements and statutory inspection work in services, and a repeat order book in manufacturing. One off project work is not the base we look for.
Where
The United Kingdom.
Ownership
Full ownership. We are happy for a seller to stay on for a handover, or to leave on completion.

Sectors

Businesses their customers cannot do without.

Heating and air conditioning

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Planned maintenance, service and statutory inspection on the plant that keeps a building usable. Contracts run for years and renew quietly, because the alternative is a building nobody can work in.

Recurring by construction.

Drainage and wastewater

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Scheduled maintenance and reactive work on drainage, pumps and interceptors across commercial sites. Demand does not follow the economy, and the work cannot be deferred for long.

Demand arrives whether or not it is wanted.

Electrical, fire and compliance

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Fixed wiring testing, emergency lighting, alarm and extinguisher servicing, and the certificates a landlord needs to let a building. The obligation sits in law, which is a more reliable customer than a budget.

The customer is the statute.

Cleaning and building fabric

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Contracted cleaning and the day to day fabric maintenance that keeps a site presentable and open. Low drama, high frequency, and priced per site per month.

Frequency is the whole business.

Light manufacturing

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Assembly, fabrication, precision engineering, packaging and components. Companies that make a physical thing to a specification, on their own machinery, for customers who have designed that part into a product of their own.

Designed in, and slow to design out.

Repeat order books

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Manufacturers whose customers reorder the same parts year after year, where the tooling, the approvals and the relationship all sit on Stonehold's side of the table once the first order is won.

Won once, ordered for years.


The founder

Who a seller would be dealing with.

Alessio Bianchetti

Stonehold Capital is led by Alessio Bianchetti. Selling a business built over a working life is not a transaction to hand to a stranger, so it is worth knowing who sits on the other side of the table.

Our view is that value is made in the operations of real businesses. We are not looking to strip a company back, merge it into something else or sell it on in three years. We are looking for one good business a year and the chance to run it well for a long time.

Every conversation is private, and stays private whether or not we go further.

A business that has run well for twenty years does not need reinventing. It needs an owner who intends to still be there in twenty more.

Alessio BianchettiFounder

Headquarters

One office, and one country.

London United Kingdom 51.5074°N · 0.1278°W

We work from London and buy across the United Kingdom. Sellers and their advisers deal with the same people from the first call onwards, and every conversation stays inside the firm.

Enquiries

Begin a conversation.

Selling a business

An owner considering a sale, or simply wondering what the business might be worth, is welcome to a private call with no obligation.

enquiries@stoneholdcapital.com

Advisers and brokers

Teasers and information memoranda in the sectors above can be sent straight to the deals address.

deals@stoneholdcapital.com