Kevan Shaw has advised on the Management Buy-Out of Manor Plant Hire Limited. The deal was the second disposal in three years for the major shareholder, Adrian Harkin, who sold AMH Construction to its management team in 2005. Manor Plant Hire is the leading independent plant and tool hire company in Derby.
The company supplies construction and contracting companies with equipment, ranging from large plant manufactured by companies like JCB, to smaller hand held power tools. Under the Buy-Out, the Managing Director, Drew Rattan, acquired the company from Mr Harkin.
Kevan Shaw and his team structured the deal and raised the necessary funding. Kevan said: “We are delighted to have assisted in this Buy-Out. Under the new management the company now has an excellent platform for continued success.”
