Tue, 26 Nov 2024 | MBO/MBI
Stockport-based property and construction services consultancy, Wilkinson Cowan Partnership has been acquired by its management team and is gearing up for more M&A.
Mark Jensen, Ben Dawson and Stuart Torkington have completed the acquisition of shares held by previous owners Steve Ross, Derek Humphries and Mark Davies who have retired.
Financial terms of the transactions are undisclosed.
Wilkinson Cowan Partnership, which also has an office at Liverpool Innovation Park was founded in 1980 by Malcolm Wilkinson and John Cowan as a quantity surveying practice, and has expanded over the years to provide a range of building consultancy services.
The business employs 20 staff and a network of regular consultants and acts for clients such as housing associations, private clients, architects, local authorities and dioceses, mainly in the north of England.
Jensen said the company is expanding into new sectors such as higher education, and would consider bolt-on acquisitions. “The exit strategy for Steve, Derek and Mark Davies and our succession planning have been choreographed over several years, and now the final piece of the jigsaw is in place we are looking forward to building on the legacy of our predecessors. Building on their success is a challenge relished by the current board. We are continuing in the mould of the previous practice owners as hands-on directors.”
He said some of the strengths of the business include its bespoke service which has lead to regular repeat work across a range of sectors and geographical areas, including the North West, Yorkshire, the North East and beyond.
He believes Wilkinson Cowan Partnership is well-placed to benefit from the new Government’s plans to ramp up house building.
“We expect a strong pipeline of new projects once Labour presses the button on its housing policy. We’re in a good position to be at the forefront of this, as a significant proportion of our work is for housing associations,” he said.
Stockport accountancy firm Hurst advised on the deal.
Find out more about the growing demand for management buy-outs
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