We’re pleased to have supported the executive team at Trelleborg Offshore UK who have completed a management buyout of the Skelmersdale-based business from parent company Trelleborg Group.
New owners, Alan Burgess and John Drury, expect that the buyout will renew focus and improve performance for its key customers in the oil and gas and offshore renewables sectors, delivering Subsea Buoyancy and Bend Protection solutions.
In a nod to its pre-Trelleborg roots, the new business will be re-named CRP Subsea Limited.
Our Corporate Team, led by Rupert Gill and Tom Curnow, and our Deal Advisory Team, led by Paula McGrath and Dan Rice, worked together to advise management.
Partner Rupert Gill said: “We are excited to see this deal complete for Alan Burgess, John Drury and Mark Newton. CRP Subsea is a superb business, with exciting prospects and an exceptional management team, and we wish the team every success.”
Head of Deal Advisory Paula McGrath commented: “This was a challenging and exciting MBO to work on, and was completed within four months. We undertook a review of the business and its plans and matched the team’s needs to the right funding partner, Praetura Commercial Finance, which was supportive of the management team and its plans.
“We have been very impressed with the depth of management’s industry knowledge and vision for growth and we are very excited to see how the business develops under the stewardship of Alan and John.”
