Management team at £12m valve firm buys out private equity investor

Don Gray (BHP), Leigh Pickering (Leengate), Mick Loseby (Leengate), Steve Pickering (Leengate)
The management team at Alfreton valve wholesaler has completed a buyout of its private equity partner. Leengate Valves, which turns over £12m a year and supplies over 20,000 valve products as well as providing associated calibration, actuation and engineering services, has bought out its private equity investor YFM Equity Partners in a deal which sees management acquire take control of the business. YFM initially invested in December 2013 to support the management buyout from German industrial gasses group Linde. Following the ... For the full story register now for free or login below...