Fri, 22 Sep 2017 | MBO/MBI
A Cardiff-headquartered modular building specialist has been acquired by one of its senior team as part of a management buyout (MBO).
Clarks Modular Buildings, founded in 1951, began by supplying "jackleg" cabins to the construction industry, but in the late '90s moved into the construction, hire and sales of modular buildings. Customers include several major utility companies and construction businesses.
Since the deal, the company has transferred ownership to brother and sister partnership Elissa Thomas and Ellis John. Thomas was involved in the operation of the business for several years while her brother has worked for a large PLC company in the construction industry.
Former managing director Ian Clark will retain a 20 per cent shareholding and remain on the board, working closely with the new owners to support the business in its growth plans going forward.
"We have great plans to continue, grow and develop the business going forward and I am confident that my knowledge and contacts in the construction sector will open new doors for the company," said Ellis John.
Accountancy firm Broomfield and Alexander advised the deal. Representative Seamus Gates said: "This is already a substantial business in the capital but also one with potential to grow and develop into the future."
Find a business for sale
Subscribe to the Business Sale Report
Utilises a team of experienced drivers to provide tailored logistics solutions, with a focus on home delivery services, whilst also offering complementary warehouse solutions. Serves 20 active clients from a wide range of sectors, including retail, i...
LEASEHOLD
Established for over 50 years.Provides a range of automotive electrical services including air conditioning, heating, tachographs, security systems, vehicle tracking and reversing aids for vehicle, plant and marine industries. Over 100 active clients...
FREEHOLD
Provides freight forwarding for a range of sectors, as well as warehousing and an array of other complementary services. Serves over 20 clients, with an 80% retention rate.Strong second-tier management team in place. Generates revenue on an internati...
LEASEHOLD
|
11
|
|
Aug
|
PPL Corp. seeks sale of Western Power Distribution | BUSINESS SALE
PPL Corporation has announced that it has put its UK utility...
|
10
|
|
Aug
|
Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE
Samworth Brothers has completed the £6.4 million acqui...
|
07
|
|
Aug
|
Wrexham-based wire firm falls into administration | ADMINISTRATION
Wire manufacturer Wrexham Wire has fallen into administratio...
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