One of the North of England’s leading manufacturers and installers of architectural glazing, Allied Glazing Systems Limited, has been acquired in a Management Buy In for an undisclosed sum.
The Sheffield headquartered multi-million-pound turnover company manufactures, fits and maintains an extensive range of glazing products including commercial facades, windows and doors. The firm has an enviable reputation within the industry, supplying bespoke glazing products for various high profile projects.
The MBI team consisting of Shaun Joyce and Philip Goy bring a wealth of strategic and operational experience which will be used to build upon the past success of the vendors who have retired. Shaun and Philip will seek to enhance the existing customer relationships and supply chain whilst implementing a suite of operational efficiencies to grow and further develop the business.
Shaun Joyce says: “Allied Glazing Systems has an excellent reputation in the market. Philip and I are looking forward to building on the firm foundations that have been in place for many years and are confident the business will go from strength to strength. We would like to thank BHP Corporate Finance, Blacks Solicitors and Triple Point Capital whose support and desire to make the deal happen has been exceptional.”
BHP Corporate Finance (Hamish Morrison and Will Holmes) advised the MBI team. Will Holmes said: “Shaun and Philip are exceptional operators, their breadth of expertise and experience will allow them to carry on growing the business within the Yorkshire region and beyond. Triple Point are the ideal funders to help the MBI team take this business to the next level.”
Alex Hall from Blacks Solicitors added, “We are delighted to have advised Shaun and Philip through this exciting acquisition. We look forward to observing the future success of Allied Glazing Systems and to supporting Shaun, Philip and the company with their long-term plans and the growth which will inevitably occur.”
Strategic Corporate Finance (Greg Barker) advised the vendors. Legal advisors on the transaction were Blacks Solicitors LLP (David Paterson, Alex Hall and Hayley Blackburn); Wake Smith (John Baddeley and Rebecca Robinson) and Triple Point Legal Counsel (Joanna Goode).