Investment
WCCTV accelerates growth plans with £30m investment
Wireless CCTV (WCCTV) is set to accelerate its international expansion and product development plans after securing a £30m investment from private equity firm, LDC.
Headquartered in Rochdale, Greater Manchester, WCCTV provides wireless surveillance products to customers, including redeployable CCTV, site security solutions and body-worn cameras, across the UK and US markets. The company also recently 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.
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 grow its revenues by more than 50% in the last three years.
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.”
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WCCTV accelerates growth plans with £30m investment
Wireless CCTV is set to accelerate its expansion and product development plans after securing a £30m investment from private equity firm, LDC.
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