We’re pleased to have supported Lytham-based specialist contract furniture manufacturing business Barons in undergoing a seven-figure management buyout, led by Managing Director Garry Smith, with investment from River Capital and Arbuthnot.
Paula McGrath of our specialist deal advisory team provided support to management and the newco, aided by Daniel Hayhurst.
The transaction follows a period of strong growth for Barons and is the first investment from the newly launched River Capital North West Private Equity Fund.
Having recently celebrated its 50th year in business, Barons has built a strong reputation for producing quality furniture to the highest standards and distributes nationwide to a customer base that includes a portfolio of care homes, hospices, challenging behaviour and other care facilities.
Alongside Garry Smith, the board has been bolstered by the introduction of two experienced Non-Executive Directors, Gary Lasham and David Meltham, both of whom have a wealth of experience in the industry and growth businesses.
Speaking on the acquisition, Managing Director Garry Smith said: “Having helped drive the success of Barons over the past nine years, I am excited by the future prospects of the business and the backing now in place to help deliver that potential.
“Our key objectives are to continue to grow and develop new product ranges to support our core business and to increase capacity to enhance lead times and service levels."
Brabners’ Head of Deal Advisory, Paula McGrath, added: “We worked closely with management to guide them through the transaction to deliver the right deal for the business. I am looking forward to seeing the development of Barons under the guidance of management, River Capital and Arbuthnot - they have an exciting time ahead.”
