Yorkshire engineering firm completes MBO deal

Thu, 24 Jan 2019 | MBO/MBI



A West Yorkshire engineering group has been taken over by the management team with funding assistance from HSBC UK.

Established in 1973, Woodcock & Wilson Group employs more than 70 people and consists of three divisions.
The firm specialises in manufacturing fans, fan pumps and also contains a servicing department.

The leadership team consists of Richard Wilson, Ian Crum, Scott Harding, Charles Halstead and Gareth Wolstencroft, who have all taken a joint majority share of the business which was previously held by the chairman, who plans to retire in the near future.

Ian Crum, managing director of Woodcock & Wilson Group, said: "HSBC UK's financial backing and guidance gave us the means and confidence to undertake this buyout.

“We're now looking to build upon recent substantial contract wins by driving forward an ambitious growth plan that will scale-up our product range and allow us to explore new markets both in the UK and overseas."

The financial support provided by HSBC will also assist Woodcock & Wilson in its growth plan, including the development of its Hazardous Area (ATEX/IECEx) products to complement its standard and special project offerings, as well as investment in lean manufacturing processes.

Anthony Wild, HSBC UK's relationship director for West and South Yorkshire, commented: "Yorkshire has a proud history of engineering and manufacturing so we're delighted to support a highly skilled business with a market leading reputation in the industry.

“The leadership team has a wealth of experience, which, coupled with their desire for growth, will only lead to exciting opportunities for the group."

It is expected that the firm will increase turnover and create new jobs through new markets and a focused strategy of efficiency gains.

For more news about management buyouts (MBO), click here. For all our business listings, click here.


Share this article



Latest Businesses for Sale

MOT Test and Repair Station
Leicester, Leicestershire, UK Wide

Retirement sale - Albion Street Garage The owners are seeking to sell this MOT testing and repair business and rent the premises which they own to the new proprietor. Albion street garage has a very good reputation and is situated in a resident...

Asking Price: £80,000
Turnover: £71,000

FREEHOLD


CNC Precision Engineering Firm
Isle Of Wight, UK Wide

A remarkable opportunity has emerged to acquire an established precision engineering business which has cemented solid foundations since it began trading in 1998. Offers invited.

Asking Price: £1,200,000
Turnover: £907,946

LEASEHOLD


Metal Fabrication, Mechanical & Civil Engineering Contractor
South Coast, UK Wide

Outstanding opportunity to acquire a full service mechanical and civil engineering contractor with a loyal and diverse customer base, a growing order book, operating in market segments underpinned by resilient growth drivers demonstrating rapidly inc...

Asking Price: Offers Invited
Turnover: £3,699,669

FREEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Apr
 

Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...

 
18
 
Apr
 

Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...

 
17
 
Apr
 

Financial planning firm acquired by global counterpart | BUSINESS SALE

An independent financial advisory from Newcastle has been sn...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
08
 
Dec
 

Geotechnical firm completes MBO | MBO/MBI

A geotechnical consulting group based in Durham has successf...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

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