Mon, 29 Apr 2024 | MBO/MBI
South Wales-based SJ Environmental Limited has undergone a management buyout (MBO). The company is the franchisee operator of plumbing and drainage specialist Dyno-Rod across the South Wales area.
The firm was founded in 2005 by Andrea and Stephen Burt, who will now exit the business, alongside shareholder and Development Director Lee Ramsey. The MBO sees husband and wife Matthew and Kirsty James take over ownership of the business.
Matthew James has worked at SJ Environmental for over 12 years and has been involved in management operations for the past six years. Kirsty James will join the management team and take responsibility for overseeing internal operations.
An MBO was chosen as the preferred succession option in order to provide continuity in client relationships, familiarity with the company’s processes and to enable a fresh approach to help the business achieve further growth over the coming years.
The deal was supported by the Development Bank of Wales. Lead Advisors Cadre Advisory provided advice to the management, with legal support provided by Carbon Law. GS Verde Group advised the outgoing ownership team.
New Managing Director Matthew James commented: “We are delighted to have completed this transaction and I am very excited to continue to grow SJE under the Dyno-Rod franchise. We have an exceptional team that delivers a fantastic service."
Co-Founder and outgoing Director of Operations Andrea Burt said: “We are beyond proud that the succession of the business has come from within, and delighted to have concluded a transaction that will see Matt and Kirsty take the business forward.”
Simon Hanna, Franchise Standards Manager at Dyno-Rod, added: “Dyno-Rod is committed to succession planning for all our franchisees and we are delighted that Matt and Kirsty have completed this transaction. We will continue to support them to ensure a seamless transition.”
Find out about the dealmaking trends in environmental and sustainability services
Read more about the growing popularity of MBOs
Confidential sale of a well-established lettings & estate agent in Leeds. The business has been trading for many years and has built up a fantastic reputation with hundreds of positive google reviews.
The business has been operating for over 20 years and has built up a fantastic reputation in their area. Boasting a portfolio of 700 and adding properties under management.
The company has traded for 16 years, based in the Northwest and operating nationally providing temporary staff to large corporate clients.
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.