Mon, 08 Jul 2019 | MBO/MBI
The senior management team of the risk and solutions department of an environmental, health and safety consultancy has successfully completed a management buyout.
The staff have bought out the risk management division from parent company Alcumus, and will begin afresh as Ligtas. The new company will continue to trade from its current base in Cardiff, Wales, and from its sister site in Huddersfield, West Yorkshire.
The new company will continue to provide consulting, training and risk management services to companies operating in the financial, property, healthcare and retail sectors amongst many others.
Ultimate Finance supported the buyout by providing long-term financial backing, whilst GS Verde Group provided legal aid.
Managing director Shaun Ashmead remarked: "The UK health, safety and environmental risk market continues to grow. By offering solutions and services designed to meet the needs of our customers, we are confident that Ligtas can take advantage of this growth whilst focusing on additional opportunities in the construction and manufacturing sectors.
"Having worked in both manufacturing and professional services including Ligtas’ previous owner, Alcumus for several years, I believe this management team makes us well placed to take advantage of these opportunities to add value to our customers – specifically enabling them to provide safe, healthy environments for all.
"In the short to medium term, Ligtas will look to refocus and grow its existing customer base. However, we have our sights set firmly on becoming the leading partner of choice for businesses who are serious about creating a compliant safe, healthy environment for all to thrive.
"Our current 71 strong and expanding team play a pivotal role in this strategy and we are delighted to be able to provide services from our Wales and Yorkshire sites to customers across the UK."
For more news about management buyouts (MBO), click here. For all our business listings, click here.
Metal Polishing Supplies, a highly desirable ‘Run from Home’ opportunity established by our client in May 2008. The highly profitable business is now being offered for sale due to genuine health reasons and we strongly advise early enquiries to avoid...
The business runs as a vehicle repair garage offering a range of services. The garage offer classes 1, 2, 4, 5 and 7 up to 3.5t light commercial MOT’s. Much trade is from garages that don’t have MOT bays themselves. The garage also offers repairs for...
Exciting opportunity to acquire (on a business only basis) an exceptionally well run and performing, independent painting & decorating contractors with work being carried out in the North West. The business is currently owner ran with 2 employees and...
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