Wescom Signal & Rescue, an affiliate of Sun European Partners, has been acquired by private direct investment firm Albion River.
Wescom is a key producer and supplier of marine pyrotechnics and defence products and services.
The company was originally a corporate carve-out of the Drew Marine group, consisting of around 20% of the conglomerate prior to acquisition.
Wescom was acquired by Sun European in February 2020, recognising the company’s strong fundamentals but underinvestment as a smaller division within a larger group.
At the time, Sun European said its vision was to unlock Wescom’s full potential through a robust shared vision plan focused on operational excellence and M&A.
We are proud of what has been accomplished in partnership with the Wescom team.
Alexander Wyndham
“Through strategic investments, operational enhancements, and pre-identified M&A strategy, we have positioned Wescom for long-term success in both the marine and defence markets,” said Alexander Wyndham, managing director at Sun European Partners.
“We are proud of what has been accomplished in partnership with the Wescom team and are confident the business is well-positioned for continued growth under its new ownership.”
He added: “Wescom’s transformation is a testament to our buy and build strategy and underscores Sun European’s extensive experience in driving value creation through robust operational strategies.”
Global leader
Ross Wilkinson, CEO at Wescom, continued: “Our partnership with the Sun European team has been a great success, transforming Wescom into the global leader it is today.
“Thanks to their support, Wescom is now exceptionally well-positioned to continue driving innovation and growth in both the defence and marine markets under our new partnership. We are excited to partner with the team at Albion River for the next phase of our growth.”
Wescom Group, headquartered in Derby, UK, has more than 450 staff, with manufacturing plants in UK, Germany and Spain. Wecom’s products are distributed to more than 120 countries.
