Heating firm completes MBO in locally-advised deal
A heating and plumbing products manufacturer has undergone a management buy-out in a deal advised out of Birmingham.
Tesla UK, based in Minworth, makes and supplies products to national and independent merchants and distributors in the UK and overseas, generating a turnover in excess of £10m.
The company, established in 2009 by entrepreneur John Hardcastle, stocks a broad product range but has specialist knowledge of domestic cooker hoses and immersion heaters.
The firm’s management team, led by Trish Quinn, has acquired a... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
