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... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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