Kevan Shaw acted as lead deal adviser to a management team, lead by David Lewis, on the Management Buy-Out of Hodkin & Jones (Sheffield) Limited, acquiring the company from the Douglas Quay Group. Established in 1868, Hodkin & Jones is a leading provider of products and services to the building industry, operating through four divisions that trade from two sites in Sheffield and one in Dronfield, North Derbyshire.
Kevan Shaw said “Douglas Quay Group's two previous attempts to sell Hodkin & Jones were unsuccessful, and therefore we are particularly delighted that we have played a key role in David Lewis and his team taking control of the company and have every confidence that they will take it forward successfully in the years to come.”
The transaction was backed by YFM Private Equity, with a leveraged debt solution provided by Bank of Scotland.
