Trade-only plumbing and heating merchant, Williams & Co, has been acquired from the Williams family by its management team and staff for an undisclosed sum.
Founder Mick Williams retains a minority share, and will continue as non-executive chairman after the buyout, which was finalised on 23/04/2015.
A consortium of management and staff, led by longstanding executive directors Ray Stafford (MD) and Rachel Moore (FD), put the successful bid together, supported by Nat West and Royal Bank of Scotland who have structured a flexible finance facility secured on receivables and inventory. Professional advice has been provided by Taylor Cocks...
Our prices are not available to the general public. Genuine trade customers can create an account to see pricing and place orders Click here to create an account.