Case Study: Stewart Signs Ltd
- Management Buy-Out
- Deal completed:
- October 2016
Meridian advised the shareholders of Stewart Signs Limited, an Eastleigh based company providing outdoor signage, commercial graphics and livery to various sectors, on its management buy-out.
For over 50 years, family owned and managed, Stewart Signs has led the way in the manufacture and installation of road and rail fleet livery, outdoor signage and display media.
Established in 1963 the Company has built a reputation for great value and innovation, responding to changing trends in branding imagery. It has been trusted to deliver high quality, effective graphic solutions for the UK's most well-known organisations.
In 2012 JCDecaux trusted Stewart Signs to develop and deliver the specialist outdoor installations for London 2012 Olympic Games, which catapulted the growth of the Media division. This was the year that Stewart Signs won the JCDecaux Outstanding Safety Performance Award, the first time ever for a sign and graphics company.
The management buy-out facilitated the succession of the business to the young management team, allowing the exiting shareholders to pursue other interests. Meridian have a seat on the Board and are also an investor in Stewart Signs, bringing to the company a wide range of financial and management experience.
In 2017 the company were awarded Small Deal of the Year at the Business Magazine’s annual Solent Deals Awards.
The deal was supported by HSBC, who provided funding; Trethowans LLP, who provided legal advice to the management team; and Shoosmiths LLP, who provided legal advice to the Shareholders.