LIMBURN BOILER & HEATING SERVICES LTD

MANAGEMENT BUY-OUT
SECTOR: ENGINEERING
COMPLETED: FEBRUARY 2022
transaction details

Fiander Tovell has advised the shareholders of Limburn Boiler and Heating Services Limited (“LBHS”) on a management buyout to the existing management team.

Set up in 1979, Limburn Boiler & Heating Services started life as a privately-owned family business set up to service large industrial boilers. From that point on, the business has continued to expand, with this most recent development facilitating future growth plans. LBHS now works with major companies and government bodies such as the PSA, DOE and MOD to provide specialist heating and boiler care for businesses, whatever the project size.

Advising the management buyout transaction were Cathy Revis, Head of Tax and Transaction Support at Fiander Tovell; Hattie Hole, Manager at Meridian Corporate Finance and Kirsty Bowyer, Senior Associate at Moore Barlow.

Cathy Revis commented, “We collaborated with the team to assess that a management buyout represented the most advantageous strategic choice for the business, along with benefiting the shareholders and management team. This approach facilitated a seamless transition of ownership to the current management team. It was truly rewarding to provide guidance to both parties in structuring and successfully concluding this transaction.”

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