RSM's M&A team has successfully completed the management buy out of A&B Glass Limited a PVC-U glass window fabricator based in East Anglia.
What RSM did
This was a particularly satisfying deal to complete in the current economic climate given the challenges within this sector and the nature of the deal. This demonstrated the quality of the underlying business as it was able to support such an MBO.
'We have worked with Stephen for a number of years as advisor when we made corporate acquisitions. However when we started to form the idea of doing a MBO he was instrumental in setting up a deal that worked for the Vendor and also us. Having agreed terms for the deal Stephen then helped us raise the necessary cash and to drive the deal to completion. We had not done this before and were therefore extremely grateful to have such an experienced advisor as Stephen on our side. I cannot recommend him highly enough.'Dave Barrett, A&B Glass Limited
Stephen Orriss, Partner, T: +44 (0)1908 687800