Seven figure MBO for engineering firm

  Daniel, Michael and Gareth Higgins at KMF’s Newcastle based fabrication facility
A Staffordshire engineering business has been fully bought out by its founding family with the backing of a seven-figure funding package. The management buyout of the KMF Group sees Michael, Gareth and Daniel Higgins, who have worked at the business for a combined 85 years, take full ownership. The Higgins family worked with HSBC UK to secure the MBO after the group’s former co-owner Dacoll Enterprises sought to sell its 50% stake. The group has ambitious growth targets as part of its 50-year anniversary in 2021. The firm w... For the full story register now for free or login below...