Fire protection firm acquired in MBO

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.


Share this article



Latest Businesses for Sale

Private Hire Taxi Company
North of England, UK Wide

Specialises in providing fast, reliable and trustworthy private hire transport services using a modern and maintained fleet for the public, commercial and corporate sectors. Service offering is enhanced through an industry-leading smartphone applicat...

Asking Price: Offers Invited
Turnover: £5,600,000

LEASEHOLD


Home Care Franchise
Mansfield, Nottinghamshire, East Midlands, UK

The franchisor offers a white-collar management franchise focusing in the dynamic multi billion pound care and support market. The role of a franchisee is one of working “on” the business, as opposed to working “in” the business – managing people, st...

Asking Price: £250,000
Turnover: £1,200,000

LEASEHOLD


Security Services Business
London, Buckinghamshire, South East, UK

Established business acquired as going concern in 2013 with excellent reputation for quality, service and reliability. An opportunity exists to purchase the business and assets of well-established security business. Long track record of profitability...

Asking Price: Offers Invited
Turnover: £1,900,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

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