Servosteel’s Management Buyout

George Green LLP and Edwards Chartered Accountants were delighted to advise the senior leadership team of Steelstrip Services Ltd t/a Servosteel.

The MBO sees the team made up of Steven Dickens (Commercial Director), Darryl Macready (Operations Director), Sarah Ostins (Finance and HR Director) and Richard Burton (IT and Systems Director) taking full control of the business, with its former owners Mark Anderson and Phillip Guest stepping aside following a successful 8-year tenure that saw the business return to independent ownership.

With extensive industry knowledge the new ownership team are well placed to take the business forward, ensuring a smooth transition between owners, continuity and delivery of a business-as-usual approach.  Together, the MBO team has nearly 60 years of history working for Servosteel and together possess a wealth of experience and knowledge within the steel industry and in steel processing.

Servosteel oversees an annual capacity of more than 500,000 tonnes of steel all situated in its centrally located warehouse offering multiple processing and storage options.

Sarah Ward (Picture), Head of Corporate and Commercial at George Green LLP, advised on the deal.

Involved fees earner: Sarah Ward – George Green LLP;

Law Firms: George Green LLP;

Clients: Servosteel;

Giulia Di Palma

Author: Giulia Di Palma