Tue, 12 Nov 2019 | MBO/MBI
Gloucestershire building services firm Cavendish Park Bricklayers has been taken over in an MBO. The company, based in Drybrook, has been acquired by Cavendish Park Holdings, a newly incorporated venture controlled by its management team and headed by director Mark Nutting.
Cavendish Park Holdings was advised on the deal, worth a reported by £6.25 million, by local law firms BPE and Willans.
BPE’s CorporateTeam advised on the deal, securing its transaction and completion. BPE’s team was lead by Senior Associate, Adam Kean, with assistance from Philippa Kean and Rupert Parker.
Commenting on the deal, and BPE’s involvement, Cavendish Park Holdings director Mark Nutting, said: “BPE’s support and guidance, based on their experience and expertise, have been invaluable in delivering a timely and successful outcome for all of the management team, ensuring a smooth transition and allowing the focus to be on the next phase of growth for the business.”
BPE’s Adam Kean, meanwhile, said: “The target is a well-established and successful business based in Drybrook, Gloucestershire and we are pleased that our expertise has ensured a smooth and successful outcome for the management buy-out team.”
Solicitor Willans LLP advised Cavendish Park Bricklayers Limited’s former directors and shareholders on their exit from the business. Willans’ team was lead by associated Sophie Martyn, assisted by partner Paul Symes-Thompson.
Martyn commented: “It has been a pleasure to work with Pete and Neil on the sale of their shares in Cavendish Park Bricklayers Limited. We were responsive and worked quickly to complete the transaction within a short time frame to achieve a successful conclusion for the sellers.”
Cavendish Park Bricklayers was founded in 2012 and, since then, has provided commercial and residential building bricklaying services to developers.
Delivers specialist shop fitting services for pharmacies, offering design, supply, installation and maintenance solutions to meet client specifications and complete projects to a high standard. Works with a number of blue-chip and independent pharmac...
LEASEHOLD
The highway successful business opportunity was established over 60 years ago by our client's family who is now looking to sell the business to simply retire. The fully equipped opportunity will include the extensive range of specialist equipment,...
LEASEHOLD
Provides kitchen and bathroom adaptations including grab rails, non-slip flooring and low-level storage for elderly or disabled clients, alongside standard building services.
LEASEHOLD
|
16
|
|
May
|
Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE
Manx Financial Group Plc has announced the acquisition of Pa...
|
13
|
|
May
|
Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION
The US House Group modular housing joint venture has fallen ...
|
12
|
|
May
|
Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE
Bathroom and kitchen products firm Norcros has agreed a deal...
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