Seven figure management buyout deal at Cumbria firm
Cumbria-based industrial and commercial electrical engineering contractor Bainbridge Electrical Ltd has been sold in a seven-figure management buyout deal.
The deal sees James Dickinson, the company’s former commercial manager, acquire the Kendal-based business from the Bainbridge family, who founded it more than 50 years ago.
The corporate finance team at Armstrong Watson brokered and advised on the deal, which was supported by debt funding from Mercia Fund Managers. Nick Hodgson of Cartmell Shepherd provided legal advice.
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