Yorkshire window manufacturer acquired in MBO

Mon, 11 Jul 2016 | MBO/MBI

A window and door manufacturer and distributor based in West Yorkshire has been acquired in a private equity-backed management buyout (MBO).

The Polyframe Group, which is one of the UK's leading independent manufacturers and distributors of windows and doors for trade, has been acquired by a senior management team following a significant majority investment by the Cairngorm Capital firm.

Established in 1992 and initially working out of one site in Halifax, the Polyframe Group has since expanded to 12 separate trade centres across the UK, employing some 470 staff along the way. The company predicts that it will produce revenues in excess of £50 million this year alone.

The MBO was led by chief executive Ian Macdougal after founder and company chairperson Martyn Buckley announced his retirement from the Polyframe Group. My Macdougal was backed by four Polyframe Group directors: Peter Dyson, David Eagle, Jeremy Stott and Nick Summers.

In addition to its majority stake in the company, private equity group Cairngorm Capital will install its operating partner Oliver Robinson as an interim chief operating officer, while James Faulds will oversee the company’s financial interests and strategic vision from his new position as chairperson.

New chief executive Ian Macdougal said: "We are really excited to be partnering with the team at Cairngorm Capital. They have invaluable experience in the window and door market, both operationally and as investors, upon which we are keen to capitalise."

Martyn Buckley, the now retired founder and chairperson of the Polyframe Group, said: "Having built my company to become the industry leader over the past 25 years, it is pleasing to pass it on to such a strong management team.

"The team at Cairngorm Capital has demonstrated flexibility, integrity and determination in completing this investment despite the turbulent financial markets following the Brexit vote.”

For more information, see the Business Sale Report resources on buying a business.


Share this article



Latest Businesses for Sale

Private Hire Taxi Company
North of England, UK Wide

Specialises in providing fast, reliable and trustworthy private hire transport services using a modern and maintained fleet for the public, commercial and corporate sectors. Service offering is enhanced through an industry-leading smartphone applicat...

Asking Price: Offers Invited
Turnover: £5,600,000

LEASEHOLD


Home Care Franchise
Mansfield, Nottinghamshire, East Midlands, UK

The franchisor offers a white-collar management franchise focusing in the dynamic multi billion pound care and support market. The role of a franchisee is one of working “on” the business, as opposed to working “in” the business – managing people, st...

Asking Price: £250,000
Turnover: £1,200,000

LEASEHOLD


Security Services Business
London, Buckinghamshire, South East, UK

Established business acquired as going concern in 2013 with excellent reputation for quality, service and reliability. An opportunity exists to purchase the business and assets of well-established security business. Long track record of profitability...

Asking Price: Offers Invited
Turnover: £1,900,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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