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.”
Provides an extensive selection of products from leading brands, all of which are maintained to a high standard Knowledgeable and long-standing workforce in place, benefiting from extensive experience in the sector. Offers invited.
LEASEHOLD
A specialist third-party mailing house and fulfilment provider,utilising innovative technology and a network of couriers to offer an agile and reliable service.Services offered include order fulfilment and processing, courier services, printing, poly...
LEASEHOLD
Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....
LEASEHOLD
|
24
|
|
Jan
|
Hawkin’s Bazaar enters administration | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has...
|
23
|
|
Jan
|
MBO at Bristol-based media training firm | MBO/MBI
Mentor Media Training has been acquired by lead consultant D...
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
Sign up to receive our acquisition alert emails to get your FREE guide
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