Dawbarn sold to Shur-Co

Dawbarn sold to Shur-Co®

Corporate Finance advisor Initium has advised the shareholders of Dawbarn & Sons Ltd (Dawbarn) – a UK manufacturer of automated trailer safety sheeting systems – on the sale of the business to Shur-Co UK Ltd.

First established over 100 years ago, and based in Wisbech, Cambridgeshire, Dawbarn is a leading UK player in bulk sheeting systems for the road transport sector, with particular focus on servicing customers in construction, waste, biomass and agriculture. Alongside a wide range of sheeting systems and partition curtains, Dawbarn additionally fabricates canvas and plastic goods for sectors including leisure and sport, and offers a comprehensive range of parts and after-sales service.

“We would never have got this deal over the line without Initium. The team we had was outstanding” – Ben Harrington, Dawbarn

Shur-Co UK is a division of Shur-Co LLC, headquartered in Yankton, South Dakota, and a leading international provider of covering systems, parts and service to the global transportation market. Founded in 1954, Shur-Co now has 300+ employees across 13 sites and sales locations in the United States, Canada and the UK.

Deal perspectives

Commenting on the deal, Chad Heminover, Shur-Co CEO said: “We are excited to welcome Dawbarn employees to the Shur-Co family. Our respective product lines mesh perfectly, and both teams are known for quality, responsive service, and innovation. This expansion allows Shur-Co to enhance its product offering of truck and trailer sheeting systems in further support of its customers and dealers.”

Ben Harrington, Sales Director and shareholder, Dawbarn added: “I’m thrilled that Shur-Co represents such a close fit with our company values and culture, including hard work, accountability and customer satisfaction. We are confident that the added partnership and resources from the operating group will allow us to expand, grow, and thrive with our customers.”

Commenting on Initium’s role in the transaction, Ben said: “We would never have got this deal over the line without Initium. The team we had, led by Andrew Sims, was outstanding. Shivam Arora was excellent at presenting our financials; Rob Goulding’s research and Jill Brennan’s Information Memorandum, presenting our business to the market, were first class. All worked tirelessly through a challenging process – many thanks from Team Dawbarn!”

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