Doncaster engineering firm’s future ‘cemented’ by MBO deal
Don Valley Engineering has been sold to its management team in a buyout for an undisclosed sum.
Founded in Doncaster in 1947, the firm supplies quarry, mining and mineral processing businesses around the world, specialising in the design and manufacture of screens, feeders and centrifuges and supplies.
In a deal advised by corporate finance advisors Andrew Rose and Stuart Jobbins of local accountancy firm Murray Harcourt, shareholders sold their holdings to the management team.
Roger Allan, previous managing director of the company and representative of the shareholders throughout the deal commented: “I am delighted that the future of the company and the employees has been cemented under the management team.
“It was important to me for the firm’s excellent reputation to be maintained and their knowledge of the business will ensure that it continues to grow and succeed in the future.”
One of only two companies in Europe providing in-house solutions for all aspects of the maltings process, Don Valley Engineering intends to continue to grow following the buyout.
Murray Harcourt advisor Andrew Rose added: “Murray Harcourt are delighted to have been able to assist Roger and the shareholders of this iconic Yorkshire business to realise an exit in a manner which assures the future prosperity of the business.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work
Restoring confidence for the economic road ahead
Ready to scale? Buy-and-build offers opportunity
When will our regional economy grow?
Creating a thriving North East construction sector