South Yorkshire civil engineering firm creates jobs following manager buy-out
EKSPAN, a structural, mechanical, and civil engineering firm based in Barnsley, has recently completed a management buyout and plans to move to new premises in Sheffield this year.
The MBO, which would not have been possible without a £750k equity & debt UKSE investment, secured the company’s ongoing presence in the region, retaining jobs in the local area, with plans to bring in nine further jobs.
The move sees the new owners Maximilian Angerer, Michael Fenton, Jordan Gerrard and Jon Spence take control of the business, alongside an experienced senior leadership team who have been integral to the business operation over the past ten years.
Corporate advice on the deal was facilitated by Callum McLaughlin at Hart Shaw, who produced the forecasts and advice on the deal. Michael Hall at Knights Solicitors provided legal advice. EKSPAN, established in 1990, is the preeminent bearing manufacturer in the United Kingdom.
Their core expertise lies in delivering end-to-end solutions, encompassing in-house design and precision manufacturing of mechanical bearings and temporary works. These bearings find application across a wide spectrum, including bridges, marine installations, and various architectural structures.
EKSPAN provides an all-encompassing range of structural fabrication and installation services, covering the entire project lifecycle from the initial concept to the final installation phase. In addition to their core services, EKSPAN offers a selection of temporary works equipment designed for bridge jacking.
Speaking on behalf of the management buy out team, Max Angerer, commented: “We are extremely grateful to UKSE, Hart Shaw and Knights for all their support throughout the acquisition. The initial investment helped to facilitate the MBO and secure the company’s future here in Sheffield.”
Callum McLaughlin, Corporate Finance Senior Executive at Hart Shaw Chartered Accountants and Business Advisers, said: “We are delighted to have advised on the Management Buy-Out of EKSPAN.
“It was a pleasure working with the Management Team, who I am sure will take the business from strength to strength going forward with the reliable backing of UKSE. We wish them all the best for the future.”
Steve Lyon, Area Manager at UKSE, added: “Working with the MBO team at EKSPAN has been a pleasure. We can’t wait to see the company grow and as ever we are delighted to have positively contributed to a business which is creating job opportunities across the region.”
By Matthew Neville – Senior Correspondent, Bdaily
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