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.”
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