Mon, 08 Jul 2019 | MBO/MBI
The senior management team of the risk and solutions department of an environmental, health and safety consultancy has successfully completed a management buyout.
The staff have bought out the risk management division from parent company Alcumus, and will begin afresh as Ligtas. The new company will continue to trade from its current base in Cardiff, Wales, and from its sister site in Huddersfield, West Yorkshire.
The new company will continue to provide consulting, training and risk management services to companies operating in the financial, property, healthcare and retail sectors amongst many others.
Ultimate Finance supported the buyout by providing long-term financial backing, whilst GS Verde Group provided legal aid.
Managing director Shaun Ashmead remarked: "The UK health, safety and environmental risk market continues to grow. By offering solutions and services designed to meet the needs of our customers, we are confident that Ligtas can take advantage of this growth whilst focusing on additional opportunities in the construction and manufacturing sectors.
"Having worked in both manufacturing and professional services including Ligtas’ previous owner, Alcumus for several years, I believe this management team makes us well placed to take advantage of these opportunities to add value to our customers – specifically enabling them to provide safe, healthy environments for all.
"In the short to medium term, Ligtas will look to refocus and grow its existing customer base. However, we have our sights set firmly on becoming the leading partner of choice for businesses who are serious about creating a compliant safe, healthy environment for all to thrive.
"Our current 71 strong and expanding team play a pivotal role in this strategy and we are delighted to be able to provide services from our Wales and Yorkshire sites to customers across the UK."
For more news about management buyouts (MBO), click here. For all our business listings, click here.
Renowned interior design and furnishings business, typically operating along the South Coast, includes home counties, and up to the M4 corridor. Typically working with the smaller developers in respect of new build developments, with recommendations...
Established in 1996, this business started as a hair salon and in 2000 had expanded into the premises next door and the flat above.
With an impressive 70 year track record of industry experience, the company caters to both trade customers and the general public. Holding essential licenses, including a Waste Disposal Licence, a Scrap Metal Dealers Licence, and classification as a...
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
27
|
Oct
|
New acquisition for PE-backed Cardiff compliance services firm | BUSINESS SALE
Alcumus, a private equity-backed Cardiff-based workplace saf...
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
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.