Thu, 15 Jul 2010 | MBO/MBI
Northampton printer support business Datatrade has been purchased in a management buyout for £500k. The existing shareholders Mark James, Sue James and Clive Lacey have created a new holding company, Datatrade Holdings.
The management team has taken on a 73 per cent holding in the company, which had been previously owned by a trust. The managing director Mark James, who had a 25 per cent portion in the business, is now the majority shareholder.
"This is a positive step for Datatrade and will hopefully strengthen our position in the market", said Mr James of the deal.
The move also involved the addition of new shareholders and directors Pete Laplanche, Kevin Mansworth and Justin Clubb to Datatrade.
Established in 1981, Datatrade provides printer support and maintenance for retailers, goods transport businesses and warehouses. Customers include household names such as John Lewis, Morrisons, Debenhams, and Cadbury Schweppes.
The family-run business has 35 employees, which are mostly field-based engineers.
Its revenues amounted to £2.5 million for the year ending September 2009.
This is a unique opportunity to acquire two well-established B2B companies operating across multiple sectors throughout the UK, boasting strong client relationships and secure contracted revenues poised for further expansion.
LEASEHOLD
This is a unique opportunity to acquire a prominent company in a specialist sector with a high barrier to entry, offering integration potential and a cash-generative model with repeat revenue.
This business presents an enticing opportunity with established relationships with blue-chip organisations globally, a strong client retention rate, and the potential for relocation.
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