Yorkshire engineering firm completes MBO deal

Thu, 24 Jan 2019 | MBO/MBI



A West Yorkshire engineering group has been taken over by the management team with funding assistance from HSBC UK.

Established in 1973, Woodcock & Wilson Group employs more than 70 people and consists of three divisions.
The firm specialises in manufacturing fans, fan pumps and also contains a servicing department.

The leadership team consists of Richard Wilson, Ian Crum, Scott Harding, Charles Halstead and Gareth Wolstencroft, who have all taken a joint majority share of the business which was previously held by the chairman, who plans to retire in the near future.

Ian Crum, managing director of Woodcock & Wilson Group, said: "HSBC UK's financial backing and guidance gave us the means and confidence to undertake this buyout.

“We're now looking to build upon recent substantial contract wins by driving forward an ambitious growth plan that will scale-up our product range and allow us to explore new markets both in the UK and overseas."

The financial support provided by HSBC will also assist Woodcock & Wilson in its growth plan, including the development of its Hazardous Area (ATEX/IECEx) products to complement its standard and special project offerings, as well as investment in lean manufacturing processes.

Anthony Wild, HSBC UK's relationship director for West and South Yorkshire, commented: "Yorkshire has a proud history of engineering and manufacturing so we're delighted to support a highly skilled business with a market leading reputation in the industry.

“The leadership team has a wealth of experience, which, coupled with their desire for growth, will only lead to exciting opportunities for the group."

It is expected that the firm will increase turnover and create new jobs through new markets and a focused strategy of efficiency gains.

For more news about management buyouts (MBO), click here. For all our business listings, click here.


Share this article



Latest Businesses for Sale

Lightning Consultants
Nottinghamshire, UK Wide

Tremendous scope to develop the business further. Well reputed with regular and repeat trade. Genuine reason for sale due to retirement. Ideal bolt-on / complementary business. Offers invited.

Asking Price: £199,950
Turnover: £380,000

RELOCATABLE


Supplier of Saw Blades for Numerous Applications
UK Wide

Extensive product range featuring over 10,000 items. Offers a bespoke service, providing blades modified to customers’ specifications, which can be available the same day. Strong second-tier management team in place, able to manage the day-to-day ope...

Asking Price: Offers Invited
Turnover: £1,180,000

LEASEHOLD


Precision Engineering: Manufacture of Precision CNC Machined Components
UK Wide

Specialises in the production of CNC machined components for various industries. Long-standing client relationships, spanning over 20 years. Operates across a diverse range of sectors including aviation, marine and medical, protecting the business fr...

Asking Price: Offers Invited
Turnover: £1,360,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
16
 
Oct
 

Automotive supplier completes MBO | MBO/MBI

An automotive products supplier located in South Yorkshire h...

 
15
 
Oct
 

Tomlinsons Dairies falls into administration | ADMINISTRATION

Wrexham-based dairy firm Tomlinsons Dairies has announced to...

 
14
 
Oct
 

PE firm snaps up independent video game firm | BUSINESS SALE

Private equity firm NorthEdge Capital has successfully acqui...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
08
 
Dec
 

Geotechnical firm completes MBO | MBO/MBI

A geotechnical consulting group based in Durham has successf...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources