Managers buy out consultancy

A St Helens-based consultancy has been sold to its management with backing from Merseyside Special Investment Fund (MSIF).

EDP Health, Safety & Environmental advises on health and safety and environmental sustainability. Its clients include blue chip firms  such as Microsoft, Accenture, London Stock Exchange and Bank of America.

The firm, which has sales of £2.5m and 30 staff, has been sold by founder David Skews. The value of the deal was not disclosed.

Managing director Mark Haydock led the MBO team which also included director Andrew Nicholson, non-executive director Steve King and programme manager Carol Lennon.

Mr Haydock said: “EDP has an established reputation in the marketplace for providing first-class advice on health, safety and environmental matters to enable businesses to run safely and efficiently.  We also offer sustainability and corporate responsibility services and have added building compliance services to our offering.”

He added: “There are opportunities for us to expand in to the facility management and property sectors and this is part of our growth strategy in the coming months. MSIF have been a fantastic support.”

MSIF investment director Paul Humphray said: “Mark was brought into the business 12 months ago as managing director with a view to eventually leading a buy-out team as part of the company’s succession strategy for the original stakeholders retiring.”

The buyout team took legal advice from Bermans while the vendor was advised by DTM Legal and Andy McCall at Langtons.

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