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."
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*Trade Enquiries Only*. A leading UK designer, manufacturer and global distributor of critical components in specified compression fittings with a crucial safety function. Offers invited.
Manufacturer of Nets for everything except fishing. More than 130 years of continuous trading. The Company was founded in 1889 and is a very well established manufacturing business and has been a pioneer in the industry and consistently & successfull...
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Established for over 40 years, earning a well-respected reputation due to its strong service offering. Works with over 60 active clients, 100% of whom provide repeat business. Offers invited.
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