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Safespaces, a leading manufacturer and provider of specialist equipment for users with complex needs, has been acquired by Euston Ventures with support from Shawbrook. The acquisition forms part of its wider growth strategy.
Based near Manchester, Safespaces has been operating for over 20+ years and specialises in designing and manufacturing class one medical devices for people with complex needs, including learning disabilities, autism, epilepsy, sensory seeking, or challenging behaviours. Safespaces design, manufacture, and install attractive tailor-made safe rooms, high sided beds and hi-lo adjustable beds for use at home, in schools, hospitals and respite centres, often proving to be life changing for their users.
Safespaces’ current set of products are widely recommended by practitioners and sold within the UK domestic market and on an international basis. It is considered the go-to supplier in the UK and increasingly in continental Europe and other markets for its products.
Euston Ventures is focused on acquiring specialist businesses that solve critical or technical challenges for their clients. They will support Safespaces in its next phase of growth.
In support of the acquisition Shawbrook provided facility to Euston. This will allow Euston and Safespaces to concentrate on pursuing their plans for expansion.
Shawbrook and Euston have a long working relationship with the lender supporting on several other of their acquisitions.
- Rob Lunga, of Euston Ventures and Safespaces
Rob Lunga, of Euston Ventures and Safespaces said:
“Safespaces is a fantastic business, transforming the lives of its customers through carefully designed products. We are proud to be entrusted with the business over the journey ahead, supporting the team in the business going forward.
“Shawbrook has been a strong partner on this transaction, which has allowed for a seamless handover which ensures continuity for suppliers and customers alike.”
Oliver Sutton, Director at Shawbrook said:
“Euston Ventures has a reputation for backing SMEs with strong customer bases and market position and this was very clear in Safespaces. It is a pleasure to support an acquisition that ensures these market-leading and life-changing products will benefit even more people. We look forward to seeing Safespaces grow with the team at Euston’s support and expertise."
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