SME Capital is pleased to be supporting the recent management buy-out of hazardous material removal experts, John Beech.
Beech Group provides demolition, asbestos removal, asbestos surveying, land remediation, geotechnical, scaffolding, mechanical/electrical installation, and construction design management services to its customers across a broad range of sectors, having over 50 years of experience.
Beech Group are set to celebrate their 60th year of trading this September.
The MBO will allow the company to begin to fulfil their focused growth and turn-key service delivery plans, building upon a long and established reputation, in the commercial, industrial, automotive and petrochemical sectors.
The sellers, Philip Jordan and Christopher Wainwright have supported the management team, providing them with an opportunity to take full control of the business with financial backing from SME Capital.
Led by Regional Director, Colin James, SME Capital have agreed to provide a bespoke 5-year term loan to facilitate the buyout.
Managing Director of John Beech Limited, Gareth Vaughan commented: "Beech Group has a well-established, experienced team in place to deliver some of the most hazardous services to new and continually valued Clients. We are committed to the continued delivery of specialist services to identify, manage, control and reduce/remove hazards, whilst protecting Clients, their employees, and their brand reputation. We would like to thank all those involved who made the MBO possible.”
Colin James, Head of Origination for SME Capital, added: “We are delighted to have supported Gareth and the team in the MBO of John Beech & Co. The business makes a very positive environmental contribution undertaking industrial remediation and demolition projects across a range of sectors and the growth opportunities visible to the team are very exciting.”
Headed up by Gareth Vaughan, Mike Fenwick, (Corporate Finance), and Rachael Brown, (Corporate Law), of GS Verde, advised on the deal.
