- Quinn advises Barclays in MSW MBO
Quinn advises Barclays in MSW MBO
The Quinn Partnership, leading management due diligence specialist, has advised Barclays Ventures on a £24 million MBO.
This latest deal sees Barclays Ventures back the team at MSW Suspended Flooring System Solutions Limited.
Established in 1969, MSW has grown to become the UK’s biggest name in structural floor systems. In the past the company has installed flooring systems in a number of the multi-rise Canary Wharf projects as well as a number of new sporting stadiums throughout the country.
MSW’s future plans include consolidating its market leading position in steel deck and broadening its offering of concrete and raised access flooring solutions, all of which will be facilitated by this latest deal.
Derek Johnston, CEO of MSW led the MBO. Derek will be joined by Jim Paul as non-executive chairman. Jim has a vast amount of experience in the construction products sector having been a main board director of Kingspan Group plc, a major supplier to MSW.
Derek Johnston said: “MSW offers its customers an integrated flooring solution and has built a strong market presence based on quality service. We are delighted to complete this deal and are looking forward to continued success”
Mike Stiles, who led the team from The Quinn Partnership, said: “The management team of MSW are driven to ensure a successful working relationship with Barclays and to meet the demands of this investment in the new era.”