Haydock Finance bought by international group

Haydock Finance, a regular fixture on Lancashire Business View’s Hot 100 list of the best-performing SMEs, has been acquired by Apollo Global Management, LLC.

Blackburn-based Haydock was established in 1980 and is one of the largest independent finance companies in the UK, offering hire purchase and finance lease funding to business customers nationwide.

The existing management team, led by executive chairman Jon Wilkinson, managing director Steve Worrall and director Ian Barr, will continue to run the business.

Apollo is listed on the New York Stock Exchange and has a total of $242bn assents under management. The group has offices around the world, including across the US, India, China, London and Madrid.

Jon Wilkinson said: “This is a tremendously exciting development for Haydock, a company that has been successfully built over a 37 year period from its base in Blackburn.

“Apollo is a leading global alternative investment manager and I believe working together with them offers huge potential for our existing and future introducers and business customers. Already a long established name in asset finance, Haydock has exciting plans to grow market share in the UK and to diversify our competitive offering.”

The agreement is subject to customary conditions and is expected to close in the first quarter of 2018.

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