- Quinn advise on Steelwork buyout
Quinn advise on Steelwork buyout
The UK’s leading provider of Management Due Diligence, The Quinn Partnership, has advised Bank of Scotland Leveraged Finance on the management buy out of Barrett Steel Buildings Limited.
The Bradford-based design and build structural steelwork specialists, providing low and multi-rise framing solutions for industrial, commercial, retail and residential developments, with a turnover in excess of £25 million, have been bought by it’s senior management for an undisclosed fee.
Mike Stiles led the management due diligence and said of the team, “John Brennan and Sue Sharples, now being majority shareholders, will act as joint managing directors. They have a very complementary working style and the partnership should bode well for the future of Barrett Steel Buildings. Former shareholder Richard Barrett, who will now be acting as non-executive Chairman, will provide a useful strategic sounding board.”