Dains Corporate Finance advise on the management buy-out of General Building Plastics Limited
General Building Plastics (“GBP”), a multi-branch Midlands-based supplier of high quality low maintenance building products, has been acquired by Managing Director and major shareholder Alan Sutherland in a management buy-out advised on by Roy Farmer of Dains Corporate Finance.
Founded in 1990, General Building Plastics (“GBP”) operates from six branches across the Midlands, and supplies a broad range of products for interior and exterior applications to the trade and DIY sectors. GBP has won numerous awards, including being crowned The Midlands Family Business of the Year in the 2017 Family Business United national awards.
Tax advice was provided by Sara White of Dains. Legal advice was provided by Neil Jones of Ansons Solicitors.
The difference we made
We provided Alan with a range of advice around his business plan and forecasts, the valuation of the business, the proposed deal structure and his funding options.
What our client said
Alan Sutherland, Managing Director said “When making a life changing transaction you need a team behind you can trust and depend on. With Dains I had exactly that because they are more than just accountants.”
What we said
Roy Farmer, Partner at Dains Corporate Finance said “GBP has been a long-standing client of Dains and we were delighted to support Alan in this transaction. GBP is a great business that has achieved impressive growth in recent years, and I am confident that this transaction will drive Alan and his team on to achieve further growth.”