Private equity-backed Marsden Group has appointed Indy Purewal as CFO.
Indy joins private equity-backed Marsden from manufacturing group, Esterform, where he served as Group Finance Director. With a strong entrepreneurial background, experience with acquisitions, sale processes and operating at a board level, Indy’s move to Marsden adds to its strong leadership team.
Marsden has a 90-plus year history in the weighing industry and has grown from a family-owned scale vendor to an innovative design, manufacture and distribution business that has seen strong growth in recent years. Marsden took advantage of the regulation changes in 2003 which opened up the medical market and has since grown its market share to around 50% in the NHS, with service contracts at 40% of Trusts. Marsden is highly profitable, making over 20% EBITDA on a turnover approaching £10m.
Carter Schwartz’s Head of Practice Lewis Buckley advised on Indy’s appointment. Previously, Lewis had established a relationship with the business having placed the Product and Commercial Director, the International Sales Director and Marsden’s current CEO, Mark Holdaway.
Commenting on Indy’s appointment and the work that Lewis has undertaken, Mark Holdaway said, “Carter Schwartz, and Lewis specifically, understand the Marsden business and its culture well and have consistently delivered a strong list of candidates from which we have been able to select high calibre individuals like Indy to join the team”
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About Carter Schwartz
Carter Schwartz is one of the UK’s leading executive search boutiques providing an innovative range of human capital solutions for the Independent Health and Social Care, Education, Med-Tech and Life Science markets. With an impressive global reach through offices in the UK, USA and Germany, their track record of leadership appointments places them at the forefront of your growth plans when it comes to your next C-Suite, or non-executive leadership hires.
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