Tue, 23 Dec 2014 | MBO/MBI
A management team at Wakefield Acoustics has completed a £4 million buy out of the company.
YFM Equity Partners, one of the most active investment firms when it comes to small British businesses, backed the MBO. The move will look to support the specialist industrial acoustic engineering business’ plans for future growth, The Huddersfield Daily Examiner reported.
Wakefield Acoustics was founded in 1980 and designs, manufactures and installs a range of bespoke industrial and environmental noise control systems for a number of companies in the power, oil and gas, water waste and general manufacturing sectors. In 2005, it was bought by Jane Dawson – who will stay on as non-executive director following the MBO – and has seen consistent growth in recent years.
Lee Nicholson, who has been with the company for 12 years, will take over as managing director. Meanwhile, Chris Brown, chairman of Thermal Energy Ventures, will bring his 25 years of experience in the engineering sector to the firm as he joins as the new non-executive chairman.
The other members of the MBO team were: Paul Hebden, finance director; Kevin Dawson, operations director; and Rob Lomax, sales director.
The acoustics market in the UK is estimated to be worth £300 million and is predicted to grow at 13 per cent per year.
Mr Nicholson said the MBO would help the business achieve its “ambitious plans” and added the company would be consolidating its two engineering facilities into one while also hiring additional personnel.
Mr Nicholson said: “Given the strong market position we have established over 30 years, this is an exciting next step for the business which will enable us to remain at the forefront of industrial noise control technology, supporting our clients in addressing noise control legislation worldwide.”
_____________________________________________________________
Related information:
Acquisition finance
The company utilises its trucks and specially designed trailers to undertake the haulage of steel materials, including wide, slit and perforated coil steel; steel blanks, sheets and plates; rolled steel products; and machinery for the steel industry....
A profitable and well-established engineering business dedicated to delivering exceptional precision parts with unparalleled quality. Specialising in complex, high-tolerance components, this company caters to a wide range of industries, including las...
A well-established off licence and convenience store located in the heart of Stoke-on-Trent. This profitable business has been serving the local community since 2003 and boasts a strong, loyal customer base. Specialising in a wide range of wines, bee...
FREEHOLD
14
|
Nov
|
ROL Cruise sets sail on employee ownership journey | BUSINESS SALE
Independent cruise retailer ROL Cruise has marked its upcomi...
14
|
Nov
|
Timber groups merge to carve out new acquisitions | MERGER
Two timber groups have joined together to form a £80 m...
14
|
Nov
|
Swanton Care buys mental health services peer Oaklands Support | BUSINESS SALE
Private equity backed Swanton Care has bought counterpart Oa...
05
|
Mar
|
New private equity owner for fire protection specialist | BUSINESS SALE
Checkmate Fire, a fire protection specialist headquartered i...
21
|
Mar
|
Management sign deal for fire protection business | MBO/MBI
The management team at a fire protection device firm has put...
24
|
Jun
|
Macro Art undergoes MBO | MBO/MBI
A Cambridgeshire printing firm has changed following a manag...
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.