Maven has led a management buyout of Elite KL, rebranded as Calatherm, to drive its growth in the HVAC and sustainable energy technology sectors.

Information on the Target

Maven has facilitated a management buyout of Elite KL, a prominent provider specializing in heating, ventilation, air conditioning (HVAC), and thermal management solutions. This strategic move aims to propel the company's growth trajectory. Following the acquisition, Elite KL has made significant enhancements to its leadership team, welcoming individuals such as David Roberts, the former CEO of Nu-Heat, who is now serving as Chair, and Frank Duffin, former CFO of John McGavigan, taking on the role of Non-Executive Director. Additional key appointments include Kim Wigley as Financial Controller and Daniel Jackson as Director of Business Development.

In alignment with its strategic goals, the business has rebranded itself as Calatherm. This new identity signifies its heightened commitment to sustainable energy technology solutions. The brand name 'Cala' is inspired by the Greek term for fortress, symbolizing resilience and strength, while 'Therm' emphasizes the company's core expertise in thermal energy. The rebranding encompasses a revamped corporate identity, updated values, and a newly designed website.

Industry Overview in the Target’s Specific Country

Founded in 1939, the West Midlands-based company has earned a robust reputation for delivering high-performance thermal management solutions to Tier 1 clients, including industry leaders such as