Evac+Chair presses forward with expansion plans after MBO

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


Share this article



Latest Businesses for Sale

Fibre Optic & IT Cabling Solutions
South East, UK

Designs, supplies and installs fibre optic and IT cabling solutions for clients throughout the UK and Europe. Offers electrical, structured cabling and network/Wi-Fi solutions, AV equipment and LAN/ethernet, in addition to project management, consult...

Asking Price: Offers Invited
Turnover: £2,247,561

LEASEHOLD


Importer of Toys & Gifts for the Leisure Industry
UK Wide

Imports an extensive selection of toys and gifts, which are sold to trade customers throughout the UK and internationally. Has established a strong reputation within its sector for its innovative product range, competitive prices and exceptional serv...

Asking Price: Offers Invited
Turnover: £6,135,933

FREEHOLD


Mental Health Recovery Programmes
UK Wide

Provides psycho-educational mental health recovery and well-being programmes and professional recovery practitioner accreditation, delivering support from BACP and BPS accredited professionals to individuals throughout the UK and internationally. Has...

Asking Price: Offers Invited
Turnover: £1,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Jul
 

Directors of distressed companies get more breathing space | BUSINESS NEWS

The temporary suspension of wrongful trading provisions intr...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

 
10
 
Jul
 

Mobile phone supplier and recycler goes into administration | ADMINISTRATION

Mobile phone refurbishment company Redeem UK has gone into a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
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...

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