BS Stainless completes MBO
Hot 100-ranked BS Stainless has completed a management buyout.The Preston-based business supplies stainless steel and other metals for a diverse client portfolio in more than 40 countries around the world.
Established in 1998, turnover for the most recent financial year was £12.6m, with pre-tax profit of £880,000.Brian Shaw, who co-founded the business, said: "We have a great team here, who all work hard to satisfy our long term relationships with clients and provide the quality service for which we are well known. Our aim is to continue to grow these relationships into the future."
Mazars and Brabners advised BS Stainless management. Funding for the deal was provided by Leumi ABL with support from Allied Irish Bank (GB).David Hilton, corporate finance director at Mazars, added: "It has been a pleasure to work with the team at BS Stainless, and we look forward to seeing the firm’s future growth through continued strong leadership.
"This transaction further consolidates our position as a leading mid-market advisor to SMEs."