Mon, 01 Sep 2014 | MBO/MBI
Emergency chair maker Evac+Chair has, with the support of accountancy firm Smith Cooper, completed a management buy-out deal.
The move will support the Birmingham-based business’ endeavour to expand its Emergency Solutions brand. Evac+Chair designs, makes and supplies evacuation equipment that helps people escape safely during an emergency. It now intends to create new products and solutions to continue meeting needs in the emergency services industry.
It also aims to expand its workforce over the next year to help it to establish a presence in other countries.
The MBO was headed by managing director Mark Wallace, with Smith Cooper acting as adviser on the deal structure, tax, and corporate governance. Financial support in the deal was provided by various advisers and funders, with Lloyds Bank Commercial Banking being one of these parties.
With the business growing well, and after a retirement in the management team, Mr Wallace said, it was an opportune time to push ahead with their expansion plans.
He added: “We are continuing to develop new products and our sales and export team is working hard to market our Emergency Solutions brand to overseas distributors, and it’s thanks to the on-going support of Smith Cooper and Lloyds Bank that we are able to continue to innovate and lead within our sector.”
__________________________________________________________________
Related information:
Businesses for sale
Offers no later than 12 noon on Tuesday 17th December 2019. All offers to be supported by proof of funds. An opportunity exists to purchase the business of a leading UK based temporary and permanent recruitment business providing staff specialising i...
LEASEHOLD
Well established. Managed services with significant recurring revenue stream. Relocatable. Affordable IT services. Hardware and software services. The business for sale is an IT company providing hardware, software, internet and support services. Off...
LEASEHOLD
Fully equipped to operate. Short drive to Blackpool Pleasure Beach. Brilliant transport links. This is a retirement sale. Could accommodate any cuisine. Offers invited.
|
11
|
|
Dec
|
PiggyBank owner enters administration | ADMINISTRATION
DJS Limited, the parent company of payday lender PiggyBank, ...
|
10
|
|
Dec
|
MBO at Derby rail sector recruiter | MBO/MBI
There has been a seven-figure management buyout (MBO) at Der...
|
09
|
|
Dec
|
Scunthorpe construction group call in administrators | ADMINISTRATION
Scunthorpe-based Clugston Group and Clugston Construction ha...
Sign up to receive our acquisition alert emails to get your FREE guide
|
26
|
|
Feb
|
Essex print firm enters administration | ADMINISTRATION
An ailing printing firm based in Colchester, Essex has falle...
|
15
|
|
Jan
|
Sohal Foods rescued out of administration by cash and carry firm | ADMINISTRATION
The future of Derby wholesaler and catering supplier Sohal F...
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