Client: Westmann Contracts Limited
Sector: Business Services – Facilities & Maintenance
Location: North West, UK
Transaction Type: Management Buyout
Corporate Finance Advisor: Logros Advisory Partners (Chris Evans)
Legal Advisor (Seller): Napthens (Victoria Bromiley and Keith Melling)
Tax Advisor (Seller): Miller Roskell (Kevin Roskell)
Corporate Finance Advisor (MBO Team): Rebbalt (Rob Kenmare)
Legal Advisor (MBO Team): Harrison Drury (Kerry Southworth)
Overview
Westmann Contracts Limited, a North West-based commercial construction and maintenance business, has completed a management buyout.
The business provides construction, maintenance, refurbishment and related commercial services, with capabilities across areas including engineering, M&E and roofing systems.
Logros Advisory Partners acted as corporate finance advisor to the shareholders, offering Partner-delivered support throughout the transaction, leading the negotiations of the heads of terms and driving the process through to completion.
The transaction allowed the shareholders to complete a sale to the existing management team while retaining an ongoing equity stake in the business.
The Challenge
The shareholders of Westmann Contracts Limited were seeking a structured transaction that would provide continuity for the business and enable the existing management team to move the company forward.
Their objectives were to:
- Complete a sale to the existing management team
- Retain an equity stake in the business
- Ensure continuity for customers, employees and stakeholders
- Deliver a structured transaction through to completion
The management buyout route had been pre-agreed prior to Logros Advisory Partners’ involvement, meaning the key requirement was to optimise the clients’ position based on the pre-agreed outline structure and then manage the process effectively through to completion.
Our Approach
Logros Advisory Partners provided hands-on corporate finance support, delivered by one of its experienced partners to the shareholders throughout the transaction.
Our role included:
- Project managing the sale to the MBO team
- Negotiating heads of terms based on client instructions
- Liaising with the other professional advisers to ensure the transaction progressed smoothly
The Outcome
The transaction was successfully completed, resulting in the sale of Westmann Contracts to its existing management team.
The transaction delivered:
- A successful transition in ownership to the existing management team
- An appropriately structured transaction for the shareholders
- An ongoing minority equity stake for the founding family
The management buyout provides stability for Westmann Contracts Limited and allows the business to continue developing with a management team already familiar with its operations, customers and market.
Why This Matters for Business Owners Considering Succession or an MBO
This transaction highlights the role a management buyout can play where shareholders are seeking a structured ownership transition while preserving continuity within the business.
Key takeaways:
- Management buyouts can provide a practical succession route
- Existing management teams offer continuity for customers and employees
- Shareholders may be able to realise value while retaining an ongoing interest Clear process management is critical to maintaining momentum
- Experienced corporate finance advice helps align parties and support execution
For business owners considering succession, an internal transition or a management buyout, early planning and structured advice can help deliver a smoother transaction and a better outcome.
