Alloy Wire International MBO: One year Later
BSN are thrilled to see the continued growth of their long-term client, Alloy Wire International. Since the MBO, the Company has delivered £17.9 million of sales, a substantial increase of nearly £5 million from the same period in 2022. The Company, one of the UK’s leading manufacturers of round, flat, and profile wire, also secured a $400,000 export order with a US spring maker in March 2024.
Back in January 2023, BSN advised and supported the Black Country based firm on its second MBO in a decade. We worked alongside exiting shareholders and new management team to facilitate the transaction which bought all 33 employees into ownership. Whilst the Company had received multiple attractive offers from external buyers, retaining independence to motivate employees took precedent, and it is clear to see this structure is working! Alongside support, BSN also provided tax structuring advice and secured bank funding to facilitate the deal.
We are proud to support such a fantastic local business and looking forward to the next MBO down the line.
If you are considering a management buyout and looking for guidance, please reach out to BSN’s corporate finance team for further information.
Publications:
· Alloy Wire International draws one-year MBO anniversary to a £17.9m close - Alloy Wire International
