JB Kind acquired by management team

23 February 2015


UK door distributor JB Kind Ltd has been acquired by its management team for an undisclosed sum.

Managing director James Cadman led the buyout of the company, based in Swadlincote, South Derbyshire, in a deal led by Springboard Corporate Finance. The transaction was completed with funding from Lloyds Bank.

“JB Kind is a successful and profitable business that weathered the recent economic climate well, thanks to its strong reputation and is poised to secure further growth,” said Mr Cadman. “The response from JB Kind employees has been extremely positive.”

Previous owner of the company, Andrew Pearce, will retain a minority shareholding in JB Kind.

“This is great news for JB Kind. There is now a very strong management team in place who will drive the future development of the company,” said Mr Pearce. “Exciting times for all involved in the business.”

JB Kind was founded in 1879 and supplies to merchants and housebuilders.

The JB Kind management team