Wed, 31 Jan 2024 | MBO/MBI
Interdoor Limited, a Hull-based company that supplies and maintains specialist industrial doors, has undergone a management buyout (MBO) in a deal supported by a £1.3 million investment from Finance Yorkshire. The MBO was led by Operations Director Gary Toalster, with the support of Founder and Managing Director Mark Roberts, who owned 100 per cent of Interdoor prior to the sale.
Following the MBO, Mark Roberts will remain as a shareholder and director of the business. Roberts established the firm in 2017 after acquiring the industrial door business from a group of companies owned by a family member. The sector has grown significantly in the six years since.
As well as providing maintenance for industrial doors, the company also supplies and installs specialist industrial doors, including doors for large aircraft hangars, large acoustic doors for TV and film studios, high speed doors and freezer and cold storage doors for companies in the food sector.
Gary Toalster commented: "The buyout enables us to support our growth plans for Interdoor and together with our unrivalled customer service and technical knowledge will help us in our ambition to become one of the largest national industrial door maintenance providers in the UK."
The £1.3 million investment from Finance Yorkshire came from the investor's regional business fund, through which it expects to provide SMEs in the area with more than £50 million over the next five years. Mark Roberts said that Finance Yorkshire was Interdoor’s “first port of call to fund the transaction”, with the company having previously worked with its fund managers.
Alex McWhirter, chief executive of Finance Yorkshire, said: "Interdoor is an impressive company with a strong track record in the supply and maintenance of innovative industrial doors to a range of sectors. It has continued to grow even in the most challenging of trading conditions such as the COVID-19 pandemic. We are pleased to support the management team in the next chapter of the company's growth strategy."
Read about alternative financing options available to companies looking to do M&A deals
Find out more about the growing popularity of MBOs
The company was founded within the last ten years, although the owner has been involved in commercial property in the Kent area for over 30 years. The company provides a comprehensive range of commercial property services to a wide range of clients i...
An opportunity to acquire a reputable fire and flood recovery specialist that covers work across the UK. The company is highly accredited, being an associate member of the NNCA, BDMA, and IICRC, who have extensive experience working directly with los...
The Company is a very well-established and 5 star vehicle centre offering MOTs and a range of other services. The Business is ideally located and receives a wealth of custom.
17
|
Mar
|
Northern Telecom buys Welsh peer Dyfed Telecom | BUSINESS SALE
Leeds-based telecommunication company Northern Telecom has e...
17
|
Mar
|
Powerhouse legal tech firm ShareDo snapped up by Clio | BUSINESS SALE
“Powerhouse” legal case management platform Shar...
17
|
Mar
|
Yeo Valley gets the cream with new dairy acquisition | BUSINESS SALE
Private equity-backed Epicurean Dairy Holdings has sold Epic...
Business Sale Report is the complete resource for finding genuine 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.