Posted on 13 May 2015
A Nottinghamshire specialist glass processing firm is targeting further growth after completing an MBO.
T4 Design which is based in Mansfield, Nottinghamshire was established in 1998 by Directors Paul Gibson, Steve Jones and Kenny Oldham and now employs over 50 people. Directors Paul and Kenny have completed a management buy-out of the business which provides an exit for Steve Jones.
T4 Design works closely with architects, designers, shop-fitters, furniture manufacturers, metalworkers, interior specialists, sign manufacturers and other glazing companies, to offer industry-leading quality and service.
Paul Gibson commented: “Having established and worked in the business for 17 years, I’m delighted to be taking over alongside Kenny. Together, we plan to develop the company further by continuing to invest in the latest technology and manufacturing techniques and further enhancing our efficient delivery service and top-level support.”
Partners David Nelson and Natasha Smith at accountancy and business advisory firm Smith Cooper advised on the transaction and deal structure, and held negotiations with the exiting party.
David commented: “we are proud to have been able to provide Paul and Kenny with the support they needed to take over what they have built up to be a well-respected and hugely successful business. They are so passionate about the business they helped establish and are focused on the future development and growth of the company; we look forward to supporting their future plans for growth.”
Chris Kisby and Patrick Billyeald from law firm Shakespeares provided legal support.