Our Corporate Finance team has advised on the successful management buyout (MBO) of Fixings North West, a leading fixings and fastenings distributor based in Greater Manchester. The deal was backed by NatWest.
Fixings North West has grown to become one of the UK construction sector’s top independent distributors, supplying a wide range of specialist products from its base in Sale.
The transaction sees outgoing Managing Director Andy Hill sell his shareholding to a long-standing management team, with James Yates stepping into the role of Managing Director.
Andy Hill said:
“Fixings North West has grown fantastically over the last few years and I’m sure that under the ownership of this talented management team, the business will continue to thrive”.
MD, James Yates said:
“We have worked closely with Andy over a number of years and are excited and privileged to take ownership of such a strong business. With a positive outlook for the construction sector in the UK, we plan to build on the recent success of the business and take Fixings North West to the next level”
Peter Williams and Fraser Pirie from the CP Corporate Finance team advised on the transaction, alongside legal advisor Schofield Sweeney.
Commenting, Associate Director Fraser Pirie said:
“We were delighted to have worked on this transaction and to deliver an outstanding outcome for all parties. We wish James and the new management team all the best in the future”.
