Based in Great Yarmouth, British Metal Treatments has more than 60 years experience in galvanising techniques and powder coating, working for multi-national engineering companies, power suppliers, local authorities and independent fabricators.
The management buyout enabled the existing managing director, David Cowley to buy the company from its owners; Camellia Plc. Camellia plc is an international group, with a global family of diverse companies with a 130-year heritage employing approximately 80,000 people worldwide. The management buyout enables David to continue running the business, which he has done for a number of years, and to build upon the company’s impressive history. As an important part of the supply chain to a number of sectors, the business has had good performances in recent years and with new opportunities, David is looking to capitalise further.
Matthew Downing, a Partner at Spire and led the transaction said “It was great working with David on the acquisition. It is always good to see individuals that have run businesses for a number of years being rewarded for all their hard work and taking their first steps into ownership. David is relishing the challenge and we wish him the best of luck.”
David Cowley stated that “Matthew and the team at Spire were excellent. It was the first time I have been in this position and the team at Spire kept me well informed throughout the process and were proactive in ensuring the transaction got over the line. I am now really looking forward to taking the business forward and building on the great reputation it has already established”.
HSBC plc supported the transaction and, Lovewell Blake provided Corporate Finance advice through their Head of Corporate Finance, Matt Crawley. It was Matt who brought the deal together and David Cowley added “Matt’s advice was invaluable for me being able to do the deal in the first place; he supported me right from the beginning to the end. I am looking forward to continuing to work with Matt and the team at Lovewell Blake going forward”.
Matthew Downing led the team advising on the transaction. He was supported by Howard Bailey who advised on the Commercial Property aspects and Shaylie McKay, a Paralegal in the Corporate and Commercial team.