Case Study: Four Tees Engineers Ltd
- Deal size:
- Management Buy-Out
- Engineering and Manufacturing
- Deal completed:
- April 2018
Meridian advised the Shareholders of Four Tees Engineers Limited on their Management Buy-Out (“MBO”) to the incumbent management team.
Formed in 1982 by John Pettitt, FourTees has grown from modest beginnings into a highly reputable competent and innovative fabrication company. Offering a complete range of services in fabrication and site work across the metal, rail, marine, highway and water sectors, FourTees also assist in project management, offering solutions to engineering problems.
Based in Segensworth, Southampton, FourTees are well versed in difficult and challenging projects and as a result have established excellent long-standing relationships with market leading organisations.
The MBO will enable the management team to maintain the vision for the future, without compromising the impeccable reputation and services, which is already driving the business to its successes.
Philip Mettam, Manager at Meridian who led the transaction commented, “It was a pleasure to work with John and FourTees to help structure a deal that worked for everyone. The recruitment of Tim Stedman into the company adds a new set of expertise and experiences and we look forward to working with him and the other shareholders to drive the business forwards.”
Roger Bailey, David Bright and Kirsty Bowyer of Moore Blatch provided legal advice and Cathy Revis of Fiander Tovell provided tax advice.