Management buyout for major building-services provider is completed

Published:  02 March, 2017

JS Wright

JS Wright, one of the UKs longest-established building-services suppliers, has been bought out by its senior management team. The company is now owned by its team of five executive directors (pictured), who have run the business for the past 10 years. This M&E specialist was founded in 1890 and has its headquarters in Birmingham and offices in Bristol and London. Turnover is projected to reach 50 million this year.

Marcus Aniol (second from left), who was appointed managing director in 2008, is now a major shareholder in the company. He is pictured with (from left) national mechanical contracts director Phil Leech, national electrical contracts director Paul Featherston, finance director Martin Roberts, and national design and estimating director Andrew Smith.

The buyout follows the retirement of previous owners and main-board directors Edwin Moore and David Osborne, who stepped down from the day-to-day running of the company in 2006.

The corporate finance team at the Birmingham office of accountants MHA MacIntyre Hudson advised the management team on the buyout and provided expert tax advice. The Wilkes Partnership provided legal advice to the management team. Legal advisers to the vendors were Shakespeare Martineau. Funding for the transaction was provided by NatWest Bank.

JS Wright has grown over the last 10 years and now has over 150 directly employed staff.



comments powered by Disqus

Search

Welcome

Welcome to Modern Building Services Online, the web edition of Modern Building Services (MBS) journal and the UK's most popular Building Services engineering site. Modern Building Services covers the entire Building Services Engineering industry. This site contains archived content from the journal, plus web-specific content.

When you go to our digital edition, you can also access the archive of digital editions.
November 2017: DIGITAL EDITION
ARCHIVE OF DIGITAL EDITIONS

Modern Building services has a group
on Linkedin - join us!

Show

Jobs

  • Intermediate / Senior Mechanical Engineer

    The Mechanical team undertake the design and specification of a range of Mechanical building services in a lead or supporting role, depending on project complexity and scale. You should demonstrate a flexible approach to design and team working and wil......

  • Senior Urban Designer

     Applicants will be Master’s Degree qualified Architects / Urban Designers, with a strong portfolio of work highlighting a variety of projects at a range of scales and types, with strong focus on regeneration, infrastructure-led projects and major develo......

  • Principal Structural Engineer

    We are currently recruiting on behalf of a global client, with a diverse range of award winning projects to their name. Their experience spans a host of market sectors, including transport, infrastructure, defence, scientific, education, high-tech and ......

more jobs »

Poll

"Is the Building Services industry lagging behind in the implementation of BIM?"



Calendar