Wed, 16 Nov 2016 | MBO/MBI
A Leicestershire supplier of fire protection products has been acquired in a management buyout (MBO).
Pyrotect, which is based in Ashby-de-la-Zouch and employs 115 people, provides fire stopping and fire protection services as well as health and safety consultation. Its clients include the construction firm BAM.
According to Insider Media its owner, David Harris, has stepped into a non-executive role after selling his majority share in the business to managing director Chris Goodison and other shareholders Russell Morgan and Melanie Young.
Chris Goodison said: "This restructuring allowed David to take a step back, as he had planned for a while now, and will enable the fully incentivised team of owner managers to drive the business forward.
"We will, of course, continue to value David’s input from a more strategic perspective. We believe that we have a market leading proposition and see a fantastic opportunity to continue the development of the business in a UK market that is only now fully recognising the need to deploy specialist providers in this safety critical area."
Tony Dunn from Elysium Corporate Finance, who advised on the MBO, said: "The business has experienced strong growth and this has facilitated a transaction that works for every party involved. I can only see the business going from strength to strength."
Find services businesses that are up for sale.
Founded in 2013 with the vision to transform the recruitment experience for both the candidate and the hiring team. They wanted to bring the modern tech experience that we all currently enjoy; from hailing a taxi on an app & viewing it on a map to or...
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
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.