Riverside Automation engineering firm undertakes MBO

Mon, 10 Feb 2014 | MBO/MBI

Engineering business Riverside Automation has been purchased in a management buy-out by its senior staff.

The management team – directors Jonathan Buck and Steve Moore, with senior engineers Paul Bird, Ian Shaw and Daniel Power - has taken over from retiring managing director Nick Totterdell, in a deal for an undisclosed amount.

Based in Sheffield, Riverside Automation Group has been providing its services since its inception in 1992, producing process control systems for engineering projects in numerous industries including water, steel, rail, utilities, renewable energy, materials handling and food and beverages. Riverside’s 25 staff operates the £2 million turnover business from its two Sheffield divisions.

Director Jonathan Buck is optimistic about the future of the business, he said: “Nick has left us with a full order book and a reputation for outstanding engineering and customer service.

“Our plans to drive forward the business include recruiting the best engineers, including talented graduates, to grow our team and rise to new technological challenges.”

In 2000 the business earned Investors in People status, and employed some graduate engineers to grow its staff to 25, from six permanent staff in 1995.

In more recent years its work projects have included providing the PLC control and computer supervisory system for a new electric arc furnace for Thamesteel in Kent in 2006.

Related information:
Modest economic growth continues
600 Group in asset sale talks

Share this article

Latest Businesses for Sale

Contemporary Bar & Bistro
Lancashire, UK Wide

The business for sale is a highly contemporary bar and bistro serving an array of high quality, locally sourced and freshly prepared food and drinks with a great environment. Great reputation in the area for food and live music. Has built up a reliab...

Asking Price: £99,950
Turnover: £450,000


Commercial Cleaning Company
Berkshire, UK Wide

Leading cleaning company in area. High-quality contracts and clientele. All equipment included in the sale. Well-established. Company has an excellent retention rate with a valuable team of staff. Huge scope for growth. The business is now for sale o...

Asking Price: £180,000
Turnover: £436,428


Online Strapping Retailer
Devon, UK Wide

This is an excellent opportunity for an interested and committed buyer to take on a highly reputable e-commerce business which specialises in strapping and other fastening equipment. Excellent online reputation. Wide range of stock. Loyal commercial...

Asking Price: £350,000
Turnover: £1,129,718


View more businesses for sale

News Search

Latest News


Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...


M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...


Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


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