Elaghmore Partners has acquired SB Components, the leading supplier of bespoke components for commercial vehicles, completing the first investment made under its new investment fund, Elaghmore 1. Based in Wisbech, Cambridgeshire, SB Components employs 130 people and has annual sales of £17 million. The company has carved out a unique market position supplying specialist components and customising the commercial vehicle fleets of major customers, including many of the leading retailers. The company is poised for expansion with the opening of a new manufacturing facility alongside its existing operations. The Elaghmore partners will work closely with the SB management team to support this next phase of the company’s growth.

Commenting on the deal Andrew Ducker, a founding partner of Elaghmore, said: “Over the last 12 years we’ve established a clear and successful strategy of investing in and supporting the development of companies with strong growth potential and a point of real difference in their market place. SB fits that description exactly and we are excited to be working alongside the management team to help them achieve their growth ambitions.”

Elaghmore 1 was recently successfully closed at £60 million, attracting investment from major institutions in the US and Europe. Having completed the SB Components acquisition, the Elaghmore partners are now exploring other investment opportunities under the fund.