Shawbrook Backs Seaforth Holdings’ Acquisition of High-Endurance Coatings Specialist Indestructible Paint with Multi-Million-Pound Structured Finance Package

• Seaforth Holdings (“Seaforth”) has acquired Indestructible Paint Limited (“Indestructible”) supported by Shawbrook, with a multi-tranche acquisition and growth facility.
• Shawbrook structured a tailored package as part of a multi-million pound financing for repeat customer Seaforth Holdings.
• The partnership underscores Shawbrook’s commitment to supporting high quality British businesses demonstrating its agility and collaborative approach to deal structuring.

Shawbrook has structured a multi-million pound facility in support of Seaforth’s acquisition of Indestructible, the Birmingham, UK-based designer and producer of high endurance coatings for aerospace, defence and wider industrial applications.

The acquisition facility forms part of a broader tailored financing solution for Seaforth, a repeat Shawbrook client, and reflects the bank’s commitment to supporting high-quality British businesses through flexible, collaborative deal structuring.

This latest transaction marks the third successful partnership between Shawbrook and the principals behind Seaforth, further reinforcing a long-term relationship built on trust, execution capability, and shared ambition.

Indestructible is a global leader in high-endurance protective coatings, with more than 750 proprietary formulations including its well-known “Rockhard”, “Ipcote” and “Smoothcote” ranges. Its products are deployed in some of the most demanding environments in the world including within jet engines and propulsion systems, industrial gas turbines, fuselage and encasement systems, and specialist defence platforms where extreme durability, heat resistance, low friction and weight optimisation are mission-critical. The company exports to over 65 countries globally and is a key supplier to major aerospace and defence programmes.

Indestructible’s existing management will remain with the business following the transaction to ensure continuity and stability during its next phase of growth.

Ben Bolt, Senior Director of Corporate Leverage for Shawbrook added:

“We are delighted to have worked with Seaforth once again to deliver this complex transaction. The facility has been structured to meet the immediate requirements of the acquisition while also supporting Indestructible’s longer-term needs. Our partnership with the Seaforth team highlights Shawbrook’s sector insight, commercial agility and commitment to enabling proven entrepreneurs to scale high-performing British businesses.”

Shawbrook was advised by Pinsent Masons and Ashtons Legal acted as legal counsel for Seaforth Holdings.