MBO at multidiscipline construction company fuels turnkey ambitions
Multidisciplinary construction company the Beech Group (John Beech Limited) has announced the successful completion of a Management Buyout that will fuel the business’s focussed growth and turnkey service delivery plans, a deal advised on by the GS Verde Group.
Established September 1963, John Beech Limited has experienced significant change over the years, as methods and legislation both influenced ‘smarter’ and ‘safer’ working. Beech Group even had the privilege of undertaking works with the late Fred Dibnah, when a pint and demolition went hand in hand – though nowadays it is a cup of tea and biodiesel (HVO).
Set to celebrate their 60th year of trading in September, the Birkenhead-based Group has developed a wide range of services including demolition, scaffolding, geotechnical, asbestos surveying and removal, mechanical and electrical installation, and construction design management. The business’s clients come from a variety of sectors and include the likes of Land Rover, Stellantis – Vauxhall, Essar Oil UK – Stanlow, and Alder Hey NHS.
The MBO, led by Gareth Vaughan, will allow the company to begin to fulfil their focussed growth and turn-key service delivery plans, building upon a long and established reputation, in the commercial, industrial, automotive, and petrochemical sectors.
Since joining John Beech Limited in May 2021, Gareth has enabled the business to go beyond historic trading, from a £5-6m turnover, to over £12m 2022/2023, and from an historical average EBIDTA of £500k to £2.5m 2022/2023. The business is set to continue on this upward trend.
Managing Director of John Beech Limited, Gareth Vaughan commented: “The Beech Group has a well-established, experienced team in place to deliver some of the most hazardous services to new and continually valued clients. We are committed to the continued delivery of our specialist services to identify, manage, control and reduce and remove hazards, whilst protecting clients, their employees, and their brand reputation.”
Sellers Philip Jordan and Christopher Wainwright have supported the management team, providing them with an opportunity to take full control of the business with financial backing from SME Capital.
Said Philip Jordan: “We would like to thank all those involved who made the MBO possible. Gareth has been an integral part of the Beech Group, utilising his broad skillset and knowledge to expand and further develop our services and we look forward to seeing the business flourish under his leadership.”
Multidiscipline dealmaking experts GS Verde Group advised throughout every aspect of the transaction, including the financial analysis and forecasting, valuation, funding arrangements and legal structuring.
