MBO heralds expansion at Harrogate medical supplier

Thu, 09 Nov 2017 | MBO/MBI

A management buy-out at a Harrogate-based medical supplier will kickstart a period of expansion, its executive team announced this week as they completed a takeover deal.

The acquisition of Beaucare Medical was spearheaded by Heather Mawrey, now managing director after 11 years at the company, and Joseph Storr, who takes on the role of commercial finance director having joined in 2015 on the back of a career in the healthcare and manufacturing industries.

Jonathan Brown, founder of the supplier of medical, nursing and hygiene product supplier, will continue to play an active role at Beaucare after taking over as chairman.

Founded in 1992, Beaucare started life with Brown selling products door-to-door and using his own garage as a warehouse. Since then, the company has grown exponentially, recording double digit growth across the past two years.

Brown said he was “delighted” to hand the running of the business over to a team who would drive it forward.
He added: “The senior management team has worked for Beaucare for many years and it gives me immense pleasure to recognise the commitment and hard work they have invested into making Beaucare the industry leader it is today.”

Mawrey added that she thought the buy-out represented a “fantastic” opportunity to elevate Beaucare to the next level.

Paul Land and Andy Kerr of TLP Capital Partners served as corporate finance advisors for the deal, with law firm LCF Law advising the Beaucare management team.

The transaction was supported by £3 million of finance from Santander Corporate & Commercial – including the bank’s Growth Capital funding – overseen by Alastair Morris, its relationship director.

Morris said: "As the largest supplier of medical, nursing and hygiene supplies to private care homes and hospitals, and with a strong history of growth, we are delighted to be supporting Heather and Joe as they look to drive the business forward."

Subscribe to Business Sale Report


Share this article



Latest Businesses for Sale

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

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