MBO secures future of engineering firm

FBW Engineering Services, a global, provider of process, mechanical, electrical and ICA engineering services says it has concluded a deal which secures the long-term future of the business.   

Recently-appointed directors Ian Hampson and Mike Dawber have led a management buy-out of the company at Golborne, near Warrington.

Since its formation in 1995, the company says it has proven its abilities in delivering complex, technical projects across the water, wastewater and waste to energy sectors and in 2015 the business reported a record turnover in excess of £2m.

The buy-out will serve to continue this growth and maintain the continuity of management important to both clients and employees.

While the deal allows founding directors Alan Forshaw and Martin Bleasdale to begin planning exit strategies both will remain actively involved with the business for the foreseeable future.

Forshaw and Bleasdale’s continued involvement is a crucial element to ensuring that FBW Engineering Services continues to support its clients with the same high level of professionalism that has helped it forge a reputation as a well-respected leader in engineering services in the UK and overseas.  

Hampson said: “This deal represents a fantastic opportunity for Mike and I, and also for the company.  We have a long association with FBW and great confidence in the business and its people.  We are well-positioned for future growth and are looking forward to exciting times ahead.”

Forshaw added: “We are delighted to have completed this deal.  Ian and Mike have a good understanding of our customers’ needs and the many strengths that exist within our business.

“Martin and I are confident and secure in the knowledge that the successful business we have established over the past 20 years, will continue to thrive in the capable hands on Ian and Mike.”

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