Private equity firm LDC has agreed to sell its minority stake in Wireless CCTV, a Rochdale-based provider of temporary and mobile video surveillance systems, to Arcus Infrastructure Partners.

The deal marks LDC’s exit from a five-year investment in the business, which supplies managed, redeployable CCTV and tower surveillance systems across the UK and the US. The transaction is subject to approval under the National Security and Investment Act.

Founded in 2001, Wireless CCTV was set up to meet demand for security technology that can operate independently of fixed infrastructure. Its systems are used by customers including construction groups, rail operators, retailers, property managers, critical infrastructure providers and public sector bodies on both sides of the Atlantic.

LDC backed the business in 2021 with a £30m minority investment, partnering founder Tim Williams and chief executive David Gilbertson. Since then, the company has expanded significantly, almost doubling its workforce and tripling revenues to around £50m. Growth has been driven by product development, expansion in the US market and increased demand for temporary surveillance in sectors such as construction and infrastructure.

As part of that expansion, the company relocated earlier this year to a new 40,000 sq ft purpose-built headquarters in Rochdale. The US business now accounts for roughly half of group revenues, reflecting a strategic push into the North American market during LDC’s period of ownership.

Wireless CCTV has also sought to raise its profile on environmental, social and governance issues. In 2024, it was recognised at the BVCA Vision Awards for its work on ESG, diversity and innovation, and earlier this year it was named in The Sunday Times 100 Tech list of Britain’s fastest-growing private technology companies.

David Gilbertson said the backing from LDC had enabled the company to invest at pace and scale internationally, particularly in the US. He said Arcus would support the next phase of growth as the business continues to deploy its systems in critical and temporary security environments.

LDC said the transaction delivered a money multiple of 3.3 times its original investment. Dale Alderson, head of LDC in the North West, said the firm was proud of the progress made during the partnership and described the business as well positioned for further expansion under new ownership.

Arcus Infrastructure Partners focuses on long-term investments in essential infrastructure and related assets. Advisers on the transaction included Lincoln, PwC and OC&C for LDC and Wireless CCTV, while Arcus was advised by Houlihan Lokey, Ashurst and Deloitte, among others.