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High hopes for future of roofing company
in management buy out
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Derby law firm Flint Bishop has advised on the management buy-out of a £15 million turnover roofing and cladding company.
Metclad Contracts Limited was founded in 1987 and is a leading contractor within the roofing and cladding industry – having carried out the cladding works on the Pride Park stadium.
The management buy-out team was led by Marvin Village, Metclad’s MD. The North Notts company, which has 30 employees, was sold for an undisclosed sum.
Ran Oren of Flint Bishop said: “We advised Marvin Village on the deal and we are delighted with the outcome for him and his team. We are confident that this management buy out will see the business continue to grow, despite the difficult economic climate.
“To see the Metclad ownership transfer to the management team which has driven a lot of the recent growth is great to see.”
Midlands-based business advisory firm RSM Tenon, which has an office in Derby, advised on the deal.
Chris Darlington of RSM Tenon said: “This was a particularly satisfying transaction in the current climate and goes to show that in these uncertain times, deals can still be done.
“MBOs have been hard to do and difficult to fund over the last couple of years, which makes this transaction even more pleasing. Construction is one sector which has struggled over the past 24 months. That Metclad has delivered continued growth and has completed a successful MBO, genuinely reflects the strength of the business.”
Marvin Village said: ‘’It was a great relief for the management team and all involved to finally get the MBO done in what are difficult times for our particular sector of industry. Having established itself over the last 23 years, we are all looking forward to taking and developing the business on further and feeling very positive about the future for the company.”
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