Chester engineering group founders pass on the baton following MBO

B&S Group

Bosses at Chester-based engineering, manufacturing and e-commerce business B&S Group have completed a management buyout, with the support of Frodsham’s High Wood Capital.

The acquisition was led by current group operations manager, Jason Wittenbrink and High Wood Capital, whose principals and high net worth investors provided equity funding to finance the deal.

Former owners, Steve and Karen Potts, established the business 31 years ago.

B&S Group is an electrical and mechanical engineering group providing full service design, manufacturing, and installation solutions for power systems, energy management processes, and industrial control applications.

The group also operates three e-commerce websites providing specialist commercial and industrial power, and electronics equipment.

Steve and Karen are stepping back from the business to focus on B&S Technical Services, which will continue to deliver on-site electrical services and support to its network of UK clients.

Jason Wittenbrink said: “I know for High Wood Capital it’s all about the people and we have a first class team here with ambitious plans for the business.

“Our core businesses are strong with many exceptional customer and supplier relationships. In recent years this has enabled us to become a prominent partner supporting leading clients in upgrading UK power infrastructure and the transitioning to green energy and the 2050 net zero target.”

Andrew Stubbs, at High Wood Capital, said: “B&S Group has set itself apart from other businesses in its sector by taking a different approach with customers, offering solutions rather than simply products. This has been recognised by customers and led to an enviable pipeline of opportunities.”

He added: “Steve and Karen leave the business in great shape and we’re looking forward to working with Jason and the team to deliver on their plan to build from this platform. This is exactly the sort of opportunity our private investors want to support.”

Mark Traynor and Kirsty Wilson at TLT advised the buyer on the transaction alongside Claritas Tax in Manchester. Jamie Hawley at Aaron & Partners advised management and Simon Wallwork and Mark Warburton at Slater Heelis advised the vendors.

Close