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.
Indicative offers are required by 12:00hours on Monday 20 January 2020 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of a Company that trades as a recruitment...
Offers and proof of funding sought by 17:00hours on Friday 24 January 2020. The Joint Administrators are seeking parties interested in the business and assets of a commercial contractor business based in the Midlands.
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....
The business and assets of Yorkshire-based display products ...
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