Seneca backs H Peel & Sons MBO

A YORKSHIRE commercial interiors specialist has been acquired by its management team with the backing of Seneca Partners.

H Peel & Sons in Dewsbury was established more than 60 years ago and the deal sees Martin Peel, who took over the business from his father, exit as major shareholder, with Seneca Partners acquiring a controlling stake in the business alongside the management team of Dominic Brogan and Andrew Pollock who have also invested.

Mr Peel remains with the company as a consultant.

The business specialises in the planning and design of commercial interiors for many major pub retailers, universities, student unions, hotels, health clubs, schools, care homes and offices in the UK.

Clients including Virgin Active, Punch Taverns, Spirit, and amongst the Universities Manchester, Reading, Huddersfield, London and Leeds, are just a few of those served over the years by H Peel & Sons, as well as the company undertaking a major project for International Students House.

Castle Square Corporate Finance was appointed to advise the shareholders on exit strategies and then tasked with finding an investor for the business that also allowed the current management team to share in the rewards of ownership.

Kevan Shaw, of Castle Square, said: “H Peel has experienced another strong trading year and this is testimony to the quality service which the company offers in its chosen market place.

“I am delighted to have advised on this transaction and I am pleased to see the existing management team being given the opportunity to take the company forward alongside Seneca as investors.”

Martin Peel said: “My colleagues, Andrew and Dominic, are very experienced and capable people. I am confident the company will prosper under their stewardship.”

Legal and taxation advice was provided on all aspects of the transaction by Adrian Hackett and his team at Freeths solicitors.

Nia Mosley and Jonathan Simms from Clarion’s corporate team in Leeds advised Seneca Partners.