The business
Global leader in the design and distribution of liquid storage solutions.
The deal
Western Global was founded in 1962 and had been run as a family business until 2014 when a new management team was appointed. During this phase, the business transformed its scale and profitability. By 2019, it had become clear that a sponsor was required to provide liquidity to the family shareholder base no longer in the business, put equity in the hands of the management team who had transformed the business, and help drive further penetration in the US market where the business had begun to have significant traction. After 18 months and staying in touch through Covid, MML invested alongside Clem and his team in early 2021. We are now working alongside the team to deliver their international growth plan, in particular leveraging our US presence to support greenfield expansion.