Wed, 10 Apr 2024 | MBO/MBI
A brewery based near Shrewsbury has undergone a majority management buyout (MBO), in a deal supported by a seven-figure funding package from Arbuthnot Commercial Asset Based Lending (ACABL).
Salopian Brewery was founded as Snowdonia Brewery in 1994 at a pub in North Wales, before relocating to Shrewsbury in 1995 and being renamed Salopian. In addition to its purpose-built brewery in the village of Hadnall on the outskirts of Shrewsbury, the business also operates a taproom and shop on the same site.
In 2021, the brewery introduced its first canning line, alongside its bottling line. The business continues to craft its traditional range of cask ales, which is now complemented by an array of kegs, bottles and cans.
The structured facilities provided by ACABL include a receivables finance facility, cashflow loan and property term loan. The MBO sees Mark Hill, who became a partner in the brewery following the departure of founder Martin Barry in 2004, increase his commitment to the future of the business, alongside Managing Director Trevor Hourican, with ongoing support and ownership from Wilf Nelson.
ACABL Commercial Director Andrew Rutherford commented: "The key to successful MBO transactions hinges on getting the structure of the buyout right to suit all parties and aligning the funding to ensure the ongoing prosperity of the business.”
“By considering the entire asset mix and incorporating a cashflow loan, our aim was to liberate the maximum level of cash providing a robust platform for future growth."
Salopian Managing Director Trevor Hourican said that the MBO “not only recognises the team that has developed the company into the success it is today, but also ensures the next phase of growth is secured, allowing the business to continue developing well in the future.”
He added that the brewery would continue to diversify through future investments into its canning lines and direct-to-consumer offerings.
The MBO provides valuable investment to Salopian at a time when UK breweries are facing mounting challenges
Discover more about the growing popularity of MBOs
An exceptional opportunity has arisen to acquire a highly successful and well-established restaurant in one of Hove’s most sought-after locations. Situated on the bustling Church Road, this thriving business benefits from an unbeatable position on a...
LEASEHOLD
Exciting opportunity to acquire a high-end, authentic Italian Mediterranean restaurant with potential for increased days and hours of operation.
LEASEHOLD
Rarely available business opportunity in a prime location near Pitlochry with exceptional premises and high visitor numbers annually.
LEASEHOLD
17
|
Feb
|
PE-backed Solita buys digital group PUBLIC | BUSINESS SALE
Digital transformation firm PUBLIC Group International Limit...
17
|
Feb
|
NRG Marine bought by Alfa Laval to boost decarbonisation aims | BUSINESS SALE
Stockholm-listed engineering firm Alfa Laval has bought mari...
13
|
Feb
|
Danish-owned ITGL snaps up Swindon-based cybersecurity firm ISN | BUSINESS SALE
Technology services provider Intuitive Systems & Networks (I...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.