KBS Corporate Advises on the Sale of McIntyre Electrical Limited
Founded in 1989, McIntyre Electrical Limited provide electrical, safety and security services for buildings. Over the years, the company has seen monumental levels of growth supported by long standing client relationships, some of which have been in place for over 20 years. McIntyre Electrical Limited’s success is evident in the company generating a 160% increase in turnover and a 348% increase in EBITDA since 2014.
After spending over 30 years developing the business, the founding shareholder of McIntyre Electrical Limited expressed an interest in taking steps towards retirement and realising value from the company he had built.. As three other shareholders wished to remain in the business post-sale, it was important to source a buyer who would support this transition.
From KBS Corporate’s initial meeting with McIntyre Electrical Limited, it became apparent that highlighting the company’s recent growth was instrumental in finding a buyer. At the same time, it was important to find a buyer who was keen to support the existing shareholders in this period of operational change.
When conducting the research process, KBS Corporate made this a top priority and sourced multiple buyers. A Management Buy In team was found who could offer the right deal and provide the right support post-sale as well. Overall the opportunity proved popular with McIntyre Electrical Limited attracting 30 interested parties and three offers.
The successful offer came from the initial Management Buy In team backed by Foresight Group LLP. They were chosen as they had backgrounds in running and growing a significantly sized facilities management group and they now wanted a new venture. Foresight were interested due to the growth prospects of the company and ultimately, they will aim to exit in the future to get a return on their investment.
Martin Gammon, Chairman of McIntyre Electrical Limited commented on the deal, “Joe, John, Sarah and Chris have done a tremendous job building McIntyre Electrical to the scale it is today. I’m excited to join as Chair and help continue to build on the Company’s successes.”
McIntyre Electrical Limited was advised by Tom Eatough, Associate Corporate Director at KBS Corporate Finance.