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
Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...
LEASEHOLD
The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.
FREEHOLD
Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...
FREEHOLD
|
22
|
|
Mar
|
Scunthorpe nightclub up for sale | BUSINESS SALE
A former nightclub based in Scunthorpe has been put up for s...
|
21
|
|
Mar
|
Kent Logistics provider completes a successful acquisition | BUSINESS SALE
A Kent-based personalised logistics provider, backed by Livi...
|
20
|
|
Mar
|
Warrington construction company enters administration | ADMINISTRATION
A prominent construction business headquartered in Orford Gr...
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