Thu, 25 Oct 2018 | MBO/MBI
Senior Architectural Systems, a window and door manufacturer based in South Yorkshire, has successfully completed a management buyout (MBO).
Located in Denaby, South Yorkshire, the business also has a number of operations in Scotland and Wales, with more than 160 staff members to its name with accounts detailing a turnover of £30.9 million in the year ending June 2017.
Managing director Mark Wadsworth led the MBO, alongside sales director James Keeling-Heane, technical director Wheatley, and financial director Les Buxton, who are all part of the company’s board.
Wadsworth said: "Operationally it is business as usual and with the recent addition of our new financial director, the board is stronger than ever. Looking ahead, we will continue to invest to ensure that we not only have the products but also the service that our customers in both the domestic and commercial sector expect."
The company was established by founder Lennart Jonsson back in 1991, who will continue to act as a shareholder and director. The deal was financed by Tosca Debt Capital (TDC), which aims to further invest into businesses in the North.
Gary Davison, a partner at TDC commented: "Senior Architectural Systems has an excellent track record and a strong management team who have commanded an enviable position in their marketplace."
The MBO at Senior Architectural Systems was supported by professionals across the board; legal advice was provided by a team at Keebles LLP, with staff from KPMG stepping in to provide multi-disciplinary advice.
Partner Matt Ainsworth at Keebles said: “Senior has been a long-standing client of the firm and we are delighted to have been involved in this transformational deal. We look forward to seeing Mark and the management team realise the growth potential in the business over the coming years."
For more news about management buyouts (MBO), click here. For all our business listings, click here.
A genuine independent specialist, regulated by the FCA and SAF, the business has negotiated discount terms with a range of leading manufacturers. Our client is also an approved, authorised installer and repairer for high-profile suppliers into the au...
Manufactures a range of specialist seating for those with debilitating conditions, including neurological conditions, along with specialist paediatric care chair manufacturing. Unlimited bespoke manufacturing capabilities. Offers invited.
LEASEHOLD
Provides own-brand e-liquids as well as manufacturing for other e-liquid suppliers. Additionally, the company retails third-party e-liquids and hardware alongside the sale of raw materials. Main client base are private customers with the company also...
LEASEHOLD
|
20
|
|
Sep
|
Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE
Thomas Cook Group is reportedly trying to piece together a l...
|
19
|
|
Sep
|
Smith & Williamson and Tilney to merge | MERGER
After revealing in August this year that talks were in place...
|
18
|
|
Sep
|
Infrastructure investment manager takes stake in LJLA | BUSINESS SALE
Infrastructure investment management group, Ancala Partners,...
Sign up to receive our acquisition alert emails to get your FREE guide
|
17
|
|
Sep
|
Impact REIT snaps up Suffolk-based Cardinal Healthcare business | BUSINESS SALE
Impact REIT has successfully acquired Cardinal Healthcare, a...
|
05
|
|
Aug
|
Superbreak and LateRooms travel businesses for sale after administrators appointed | BUSINESS SALE
The Malvern Group, parent company of LateRooms and Superbrea...
|
09
|
|
Jul
|
Assets for sale as engineering firm appoints administrators | ADMINISTRATION
An engineering firm based in South Yorkshire has fallen into...
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