Thu, 25 May 2017 | MBO/MBI
Directors at Lincoln-based printing business Elpeeko have led a management buyout that will help to secure the future of the 112 year old company.
Established in 1905, Elpeeko Ltd is a leading print and design company which works with clients across Lincoln and in the East Midlands.
The three directors who led the acquisition, Clare Griffiths, Gary Spittlehouse and Dave Swaine, have taken over the reins from owner Steve Turner to help secure a smooth transition for the business and its employees for the long-term.
Clare Griffiths, art director, said: "The senior team and everyone at Elpeeko is thrilled at this new stage of transition for the company.
"We are looking forward to future growth and to working with our existing and new clients to develop the company further and focus on our core strengths as a print and design business delivering tailored solutions."
Helen Sallis and Rod Whitehead of Independent Banking Professionals, along with Richard Minshall of Minshall Accountants supported the structuring and finance of the transaction.
“Independent Banking Professionals worked closely with the new owners to secure the buyout, allowing the company to move forward on a positive footing for the future. It was great to be working with such an enthusiastic and positive team and we are looking forward to continuing to contribute to Elpeeko’s future success,” said Sallis.
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