Wed, 16 Oct 2019 | MBO/MBI
An automotive products supplier located in South Yorkshire has successfully completed a management buyout (MBO).
Founded in 1995, and headquartered in Doncaster, Juratek boasts an annual turnover of £16 million and has more than 50 members of staff to its name.
It caters to a combination of light and commercial vehicles around the world by providing automotive aftermarket braking products.
The company was acquired from the outgoing chairman Allan Hooks, and was taken over by the existing shareholders Matt Robinson, the managing director, Toby Whewell, the sales and marketing director, and Mark Clegg, the operations director.
Matt Robinson said: "We are delighted to have completed the acquisition of Juratek Ltd and have exciting plans to continue the growth of the company both in the UK and overseas markets. The company has seen a sustained period of growth and transition in the past five years and we are well placed to take advantage of the opportunities open to us.
"I was keen for Mark and Toby to join me in the management buyout, between us we have over 70 years' experience in the Automotive Aftermarket, yet we also retain the energy and passion needed to drive the company to even greater success."
Shorts accountancy firm acted as the lead advisor on the deal, with legal representation coming from Wake Smith and financial supporting coming from HSBC. Financial due diligence was provided by BHP and Irwin Mitchell conducted the legal due diligence.
Relationship director at HSBC, Chris Alsop, commented: “Juratek have gone from strength to strength and I’m confident that Matt and his team will take the business to the next level. I am pleased to have supported them in this buyout.”
The company offers a turnkey LED lighting service, encompassing the design, supply and installation of high-quality systems for commercial premises. The business prides itself on working with clients throughout the entirety of the project, utilising...
LEASEHOLD
The company offers a wide range of furniture, such as seating, tables, outdoor furniture, and office furniture. In addition, the company provides bespoke design, styling, and fit-out services for commercial sectors, including hospitality and educatio...
LEASEHOLD
Opportunity to acquire an already established truck stop in the heart of South Staffordshire. It is uniquely situated to meet the long-outstanding need for a large-scale SRFI in this area. There is approximately 10.5 acres of land available, with onl...
FREEHOLD
09
|
Jun
|
Long-standing retail display firm acquired out of administration | BUSINESS SALE
Manchester-based retail display specialist Axiom Marketing S...
09
|
Jun
|
Logistics group completes 23rd acquisition since 2015 | BUSINESS SALE
Logistics firm EFS Global has continued its acquisitive grow...
08
|
Jun
|
UK IT specialist acquired by New York workforce management group | BUSINESS SALE
Gibbs Hybrid, a UK-based IT and business services firm, has ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.