Nolan UPVC bought by management team
12th May 2020

A management team at G-Award winning fabricator Nolan UPVC have completed a multi-million management buyout from founder and MD Nolan Nicholas with a mix of loan and equity backed by the Development Bank of Wales.

The 30-year-old G19 Fabricator of the Year, based in Johnstown, Carmarthenshire, was bought by managers Paul Murphy, Adrian Phillips and Jason James in a move said by its founder to be ‘a natural progression’ for him and the business.

He continued: “I set out to create a service-focused business that didn't fit into the stereotypical image of double glazing companies. Thirty years on and we have a fantastic team that shares my ongoing commitment to quality of installation and after sales care.”

The new team replied: “We are a close knit family run business that has Nolan’s values and principles at the heart of all that we do. Nolan will continue to support us so it is very much business as usual as we look to develop our offering  of UPVC and aluminium doors, windows and conservatories across Wales and the South West.

“The funding from the Development Bank of Wales has made this deal possible and their ongoing support as a shareholder means that we are really looking forward to what the future holds.”

Nolan UPVC was named Installer of the Year at the G19 awards in November. With a unique ten year guarantee on all products, Nolan has a mix of direct domestic sales and installation, trade sales to other installers and commercial customers. All products are recyclable.

Funding for the management buy-out was provided by the Wales Management Succession Fund. The £25 million scheme is financed by the Welsh Government and Clwyd Pension Fund. Loans and equity investments between £500,000 and £3 million are available with terms ranging from one to seven years.