DALE Power Solutions is positioned to surge ahead with its growth strategy after striking a deal to raise its banking facilities.

The Scarborough-based generator and UPS systems provider has agreed a deal with RBS only 15 months after the firm’s management buyout from TT electronics, backed by leading mid-market private equity provider LDC.

Founded in 1935, Dale manufactures generators at its two factories in Scarborough that are used to provide emergency power to businesses such as hospitals and data centres when mains electricity is lost.

The company says it has grown well since the MBO and has made significant investments in both its staff and infrastructure to support its ambitious plans to drive organic growth.

The business is actively pursuing appropriate acquisition opportunities both in the UK and internationally, as well as increasing the pace of organic growth across its core brands.

Chairman Denzil Lee said: “The finance raising was supported by RBS our current bank which fully understand our business, our markets and the aims of the company.

“This puts Dale Power in the position of actively seeking businesses to acquire that either extend our current service coverage or add complementary products or services to our offer.”

Tim Wilkins, chief executive of Dale Power Solutions, said: “Since the buyout we have challenged all the bases on which we ran the business to optimise the company’s growth potential.

“This has resulted in a new organisational structure, new systems and a significant number of new employees particularly in the sales force.

“We now have a firm basis to accommodate further organic growth and to integrate any complementary businesses we acquire.”