Buyout at £10m turnover timber firm
A £10m turnover timber supplies business with four North West depots has been acquired by one of its directors in a multi-million-pound deal.
North West Timber Treatments has been acquired by Roger Mayor who has bought out his brothers and fellow directors Henry, Andrew and Robert Mayor for an undisclosed multi-million-pound sum.
The business employs 76 staff at its head office in Ashton-in-Makerfield and across its depots in Walkden, St Helens and Skelmersdale.
It provides timber supplies, sheet materials, and building products, as well as timber and garden products including sheds, playhouses, fencing, and decking.
Roger Mayor, managing director, said: “I am looking forward to building on my existing business and when it comes to future expansion I know that I have the right people in house and externally to help me.”
The corporate finance team at Moore and Smalley advised Roger Mayor on the transaction, while funding for the buyout was provided by Yorkshire Bank. Forbes Solicitors provided legal advice to Roger Mayor.
Damian Walmsley, partner at Moore and Smalley, said: “This deal has allowed three of the owners to exit the family firm and realise value from a business that has been built up over 30 years. Meanwhile, Roger can continue investing in and growing the business for the future.”
