 MBO of established East Kilbride shop fitters
14 December 2011: NABCO (Scotland) Limited has been acquired in a management buy out (MBO) by the firm’s two original directors in a transaction led by accountants and business advisers PKF. NABCO’s managing director Jim Millar and director Alex Perrie owned 10% of the company and bought out the remaining 90% from a holding company in St Albans.
NABCO is a shop fitter and fitting supplies business operating from a 16,500 sq ft factory unit in East Kilbride and has been in business for 11 years, employing eight people plus subcontractors. The business has a turnover of £2.5m pa and specialises in the food sector, convenience stores, and garden centres with customers including Arcadia Group, Scotmid, Bookers, Klondyke Strikes Garden Centres, and Semi-Chem.
Frank Paterson, corporate finance partner with PKF, said: “Jim and Alex are extremely experienced and knowledgeable of this business having initiated it and run it successfully for 11 years. Their ambition coupled with their experience has ensured that they gained the necessary funding for the buyout which will allow them to grow the business in the coming years.”
Jim Millar, managing director of NABCO, said: “We have always been ambitious for the business and felt that it could expand with the right investment, knowledge and experience of the marketplace. I think that we have a have a well established business with a strong client base and the MBO will allow us to expand our range of products and develop markets which wouldn’t have been possible under the previous owners.”
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For further information, please contact: Andy Konieczko, 020 7065 0537, andrew.konieczko@uk.pkf.com
Notes to Editors:
1. PKF (UK) LLP is a leading firm of accountants and business advisers with more than 1,500 partners and staff operating in 23 offices in the UK mainland firm, incorporating a wholly-owned financial planning company and associated offshore practices. The firm specialises in advising growing and entrepreneurial/owner-managed businesses, AIM and fully listed companies, and also has extensive experience in the public and not-for-profit sectors. Principal services include assurance and advisory; taxation; consultancy; corporate recovery and insolvency; corporate finance and forensic. The firm has particular expertise in advising sectors such as hotels and leisure; mining and resource; public sector; real estate and construction; professional practices; not-for-profit; and medical. The firm’s web site is www.pkf.co.uk
2. PKF (UK) LLP also offers financial services through its FSA authorised company, PKF Financial Planning Limited. PKF (Isle of Man) LLC is a limited liability company registered in the Isle of Man. PKF (Channel Islands) Limited is incorporated in Guernsey.
3. PKF (UK) LLP is a member firm of the PKF International Limited (PKFI) network of legally independent member firms. The PKFI member firms have around 2,200 partners and more than 21,000 staff in around 125 countries.
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