Case Study: S. Walsh & Sons Ltd

Deal size:
Management Buy-Out
Mechanical and Engineering
Deal completed:
May 2014
About the deal

Meridian Corporate Finance (“Meridian”) advised the Shareholders of S. Walsh & Sons Limited (“Walsh”) on its Management Buy Out (“MBO”) funded by Lloyds Bank and Lloyds Commercial Finance. 

Founded in the 1960’s and based in Brentwood in Essex, with two additional sites in the South East, Walsh supports some of the worlds largest contracting and civil engineering firms. 

Walsh has been involved in some of the most prominent infrastructure projects in the UK which include; the Olympic Park & Athletes Village, Crossrail Thames Tunnel, London City Airport, Canary Wharf, Emirates Stadium, Heathrow East Terminal and Battersea Power Station re-generation. 

The MBO enabled the shareholders to strengthen the management team, led by Walsh’s Commercial Director and Finance Director. The two shareholders will remain involved in the business with smaller equity stakes and roles of Directors. 

Mike Barcia, Partner at Meridian commented:  “Joe and I worked with both the vendors and the incoming management team to fully understand the business model and financing requirements. This enabled us to find a suitable funding partner and structure a deal which was acceptable to the shareholders and also ensured the continued support of the business for future growth.” 


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