ADEY Professional Heating Solutions has secured a management buy out as it continues to pursue its ongoing strategy for growth.

The water treatment manufacturer has been bought out by a consortium led by John Vaughan, the Chief Executive Officer of ADEY, and has received full backing from the company board, along with the support and investment of LDC, which is part of the Lloyds Banking Group.

A decade ago, the company invented the MagnaClean filter and from then the firm has established an approach of ‘total system best practice’, with the creation of a family of products that are designed to test, protect, maintain, flush and clean heating systems.

Mr Vaughan commented that the buy out marks the next step in the company’s journey of growth and will go some way to helping them achieve their ultimate aim of providing all of its customers, both in the UK and abroad, with the finest possible preventative solutions in the market of heating systems.

He added that ADEY is a company built on innovation, and the company will continue to launch a range of new products that will help heating installers to serve the needs of its customers with the best tools.

Mr Vaughan pointed out that there are over three million Magna Clean filters installed in Britain, and the Board’s growth ambitions are driven by the scope for more local authorities, businesses and households to benefit from ADEY’s low cost energy saving products.

The company currently supplies its products in Britain and mainland Europe, but there are plans in place for the firm’s expansion into a range of new markets, including Eastern Europe, Asia and the US, along with further investments in the development of new products.

Earlier in the year, ADEY was rewarded for its ‘best practice approach to central heating maintenance’ at the industry’s awards ceremony.