Member Article

£4 million MBO for Wakefield Acoustics

Cleckheaton-based industrial acoustic engineering firm Wakefield Acoustics has undergone a £4 million management buy-out.

The buy-out was led by Lee Nicholson, who has been with the firm for more than 12 years, and will become managing director. The deal has been backed by YFM Equity Partners.

Lee Nicholson said: “We have ambitious plans for the business which include developing and broadening the product range, consolidating our two current manufacturing facilities into a new facility in 2015 and delivering significant sales growth.

“Additional senior sales and engineering resource was recruited in 2014 to support these growth plans.

“Given the strong market position we have established over 30 years this is an exciting next step for the business, which will enable us to remain at the forefront of industrial noise control technology, supporting our clients in addressing noise control legislation worldwide.”

Ian Waterfield, investment director at YFM Equity Partners in Yorkshire, said: “We are backing a strong business in Wakefield Acoustics. 2015 will be a busy year for the team with a growing pipeline of business and consolidation of their manufacturing facilities into a new site.”

This was posted in Bdaily's Members' News section by Clare Burnett .