TEXECOM

Company background

Texecom manufactures and supplies intruder detection and mass notification solutions to the global commercial, industrial and high-end residential markets protecting millions of properties around the world. It also uses digital and cloud-based technology to provide integrated security and building management systems.

In 2021, LDC backed the MBO of Texecom from FTSE 100-listed technology group Halma plc. Their investment supported the existing management team, led by CEO Jim Ludwig, to build on Texecom’s market-leading position.

The brief

With an exit likely in the next three to four years, potentially to a Private Equity acquirer, LDC wished to deliver a long-term succession plan through the recruitment of a new CEO.

The successful candidate would be a commercial, operational and tech-savvy leader with a proven track record in manufacturing, logistics, distribution or fulfilment-oriented businesses. They would look to remain in-situ long-term to deliver the next chapter of Texecom’s growth, driving high standards of product and service delivery, operational excellence and innovation, whilst further building upon the company’s collaborative and entrepreneurial culture.

Directorbank’s Simon Thomas and Luke Walker were engaged to comprehensively research and assess the candidate landscape against the brief.

The process

Simon and Luke identified 105 potential candidates from competitor firms, adjacent businesses and network referrals. Thorough assessment and screening interviews followed, informed by a strong understanding of Texecom’s business, culture and future needs. Eight highly qualified candidates made the shortlist.

The result

Several rounds of client interviews ultimately resulted in Texecom’s Sales Director, David Mountfield, being promoted to the CEO position.

David joined Texecom in late 2022 from another PE-backed business and has a successful track record of developing digital technology for hardware products. He understands the business, culture and values and will be well supported by Duncan Cooper, Texecom’s Chair, in delivering the next stage of growth.