Hawkins Hatton advises Electrum MBO
Electrum Services, based in Beaumont Leys in Leicester, has been acquired from Wathes Group in a management buyout. Dudley-based law firm Hawkins Hatton provided the management team with legal advice.
The company specialises in providing electrical, air conditioning and mechanical services. The management team leading the buyout included managing director Simon Jones, operations director Steve McKeown and finance director Reg Francis.
The company employs more than 100 staff, including a nationwide team of 70 service engineers, and provides a broad range of routine, reactive and installation services as well as project management activities to clients in the retailing, food, leisure and commercial sectors.
With a turnover of £8m, the business’s management team said it is now “actively looking to grow through further acquisitions of allied services companies”.
Colin Rodrigues, corporate partner at Hawkins Hatton, advised the management team on all legal aspects of the deal, with Terry Hitchen from accountants Garretts, based in Wolverhampton, providing financial advice.
