Techniswage

Overview

Established in 2020, Techniswage specialises in technical end forming and swaging, primarily serving the Aerospace sector, as well as the Medical industry—typically supplying critical parts. Backed by an impressive array of accreditations and approvals from some of the world’s leading Aerospace companies, the business chose not to compete in high-volume, low-cost markets which in turn limited its addressable market. However, we identified Techniswage as an attractive, low-revenue, high-margin business, ideally suited to operate as part of a larger group where overheads and resources could be shared to maximise efficiency and profitability.

Investment Strategy

Relocated the business to the facilities of another local portfolio company, substantially reducing fixed costs. Through consultation with management and key employees, the transition was carefully managed, resulting in the retention of all staff – critical given the highly skilled and technical nature of the work.

Invested in a larger, purpose-built clean room to expand manufacturing capacity for medical products, including cannulas and needles.

Granted autonomy to the management team following the departure of the exiting owners, enabling faster decision-making and a more agile response to urgent customer demands.

Conducted a company-wide costing exercise that resulted in a significant overhaul of the costing methodology, ensuring minimum gross margins were met and all costs were accurately recovered.

Key Facts

Investment Date

February 2022

Exit Date

June 2024

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