North West Timber Treatments acquisition29 March 2017
A £10m turnover timber supplies business with four North West depots has been acquired by one of its directors in a multi-million-pound deal.
North West Timber Treatments Ltd has been acquired by Roger Mayor who has bought out his brothers and fellow directors Henry, Andrew and Robert Mayor. The value of the deal is undisclosed.
The business has its head office in Ashton-in-Makerfield and depots in Walkden, St Helens and Skelmersdale. It provides timber supplies, sheet materials, and building products, as well as timber and garden products including sheds, playhouses, fencing, and decking.
The corporate finance team at Moore and Smalley advised Mr Mayor on the transaction, providing support with fundraising, tax planning and deal management. Funding for the buyout was provided by Yorkshire Bank.
“This deal has allowed three of the owners to exit the family firm and realise value from a business that has been built up over 30 years,” said Damian Walmsley, partner at Moore and Smalley. “Meanwhile, Roger can continue investing in and growing the business for the future.”
“I am looking forward to building on my existing business and when it comes to future expansion I know that I have the right people in house and externally to help me,” said Mr Mayor.
North West Timber Treatments has 76 staff and supplies the building and DIY trade across Greater Manchester, Merseyside and Cheshire, offering both a pick-up and delivery service for customers.
The business was incorporated in 1986. In its most recent accounts, for the year ended December 31, 2015, it had sales of £9.74m.