Baqus Group purchased in an MBO

Mon, 22 Aug 2016 | MBO/MBI

Construction business Baqus Group has been purchased in a management buyout (MBO), and will be seeking to make acquisitions via a newly appointed team.

The buyout was led by chief executive Rob McNeil along with Jim O'Brien, Brian Williams, Ray Palmer, Paul Warburton, Aiden Lewis and Andy Welch; and was supported by Lloyd Bank Commercial Banking with £1.2m, providing 30 per cent of the funding, Insider Media reported.

With many of the original directors at their retirement stage the timing of the MBO was right, Mr McNeill said, and “this option was considered to be the best proposal for all existing shareholders, our clients and rising talent within the business."

"Going forward, it means we have a new, much younger executive team with equity in the business, which will look to consolidate initially and then grow via acquisitions,” he added.

Established in 2007 and headquartered in Liverpool, Baqus is the result of a merger between construction firms Fletcher McNeill, Boxall Sayer and Denley King. It has offices in locations across the UK including London, Birmingham, Manchester and Oxford.

It offers a range of construction-related services including quantity and building surveying, property consultancy and dispute resolution, across many sectors including government, education, heritage, transport and residential. Past projects include Walthamstow Bus Station; Legoland Hotel; St Paul's Church in Hammersmith, London; and the Ministry of Justice.

Find a construction business for sale.


Share this article



Latest Businesses for Sale

MOT & Motor Repair Business
Shepherds Bush, London, UK

Long established, successful and profitable MOT, servicing and repair motor business in London. Ill health forces sale. Limited competition. Exceptional reputation. Parking available for 4/5 cars. Offers invited.

Asking Price: £900,000
Turnover: £300,000

Window & Conservatory Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Excellent window and conservatory business. Superb bolt-on business. Entirely word of mouth business and still growing. No marketing necessary at this turnover. Offers invited.

Asking Price: £210,000
Turnover: £1,100,000

LEASEHOLD


Italian Restaurant
Rugeley, Staffordshire, UK Wide

Reputable Italian restaurant in Rugeley, established since 1997. Business comes with fully licensed bar free of tie. Offers invited.

Asking Price: Offers Invited
Turnover: £303,193


View more businesses for sale

News Search

Latest News

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

 
11
 
Jul
 

ASL Group completes its third acquisition in 18 months with Reprotec | BUSINESS SALE

Just one week after securing fresh private equity backing, A...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources