Our Industrial Heritage

The Clyde Blowers story is a remarkable tale of entrepreneurial transformation

Our Industrial Heritage

The Clyde Blowers Capital story is a remarkable tale of entrepreneurial transformation. The story begins in 1992 (although it does have a preface that goes back further) with the purchase of just under one-third of a small company in the Glasgow area. Not only was the company the smallest in its market segment, it had aged equipment and financially was performing poorly.

men at drawing boards

Slightly more than a decade later this company had been transformed into a portfolio of companies, several of which were in the top three in the world in their specific markets. More significantly, out of the process of transformation over this period evolved a new business model that has now laid the foundation for a further period of change that will allow the companies to strike out in new directions.

The team has enjoyed a long history of actively managing engineering companies from operational positions since 1992 when Jim McColl led a management buy in of Clyde Blowers plc.

The team’s first buyout investment being made when Clyde Blowers plc was subsequently taken private in 1999; a joint investment with 3i. Since then, the team has continued the strategy of investing through buyouts and controlling positions with a consistent record of success, investing over £700m since 1999.

The team has expanded since 1999 and now comprises 35 people based in Glasgow and Beijing and includes operational, investment management, finance, tax and legal groups. These teams are available to each portfolio company and allows the Clyde Blowers Capital operating structure to provide significant support to each portfolio company.