Wed, 16 Nov 2016 | MBO/MBI
A Leicestershire supplier of fire protection products has been acquired in a management buyout (MBO).
Pyrotect, which is based in Ashby-de-la-Zouch and employs 115 people, provides fire stopping and fire protection services as well as health and safety consultation. Its clients include the construction firm BAM.
According to Insider Media its owner, David Harris, has stepped into a non-executive role after selling his majority share in the business to managing director Chris Goodison and other shareholders Russell Morgan and Melanie Young.
Chris Goodison said: "This restructuring allowed David to take a step back, as he had planned for a while now, and will enable the fully incentivised team of owner managers to drive the business forward.
"We will, of course, continue to value David’s input from a more strategic perspective. We believe that we have a market leading proposition and see a fantastic opportunity to continue the development of the business in a UK market that is only now fully recognising the need to deploy specialist providers in this safety critical area."
Tony Dunn from Elysium Corporate Finance, who advised on the MBO, said: "The business has experienced strong growth and this has facilitated a transaction that works for every party involved. I can only see the business going from strength to strength."
Find services businesses that are up for sale.
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a unique opportunity to acquire a company specialising in luxury performance cycle clothing, utilising the finest specialist fabrics and cutting-edge construction techniques.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
Business Sale Report is the complete resource for finding genuine 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.