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Momentum advise on the management buyout of Woodward & Co

Momentum Corporate Finance has advised management on the MBO of Woodward & Co (Environmental) Limited.

Woodward & Co is a mechanical services contractor, specialising in the design and installation of building services such as air conditioning systems. The business is a leading contractor in the retail and leisure market sector, with an excellent reputation for service delivery.

The business operates across the UK, and Ireland. The business’ customer base includes a number of blue chip clients, including Boots the Chemist, Marks and Spencer, Debenhams, Argos and Primark. Based in Tewkesbury, Gloucestershire, Woodward operates a team of over 100 engineers, including its own specialists and subcontractors.

The business generated revenues of £12 million for the year ended 31 March 2014. Financial details of the deal were not disclosed.

Momentum provided clear and commercial advice throughout the transaction. Their help was invaluable in assisting with the negotiations and structuring the deal. They fully delivered on their promise to always have senior resource available and we would certainly recommend them to any management team considering a buyout.

Leigh Sampson, Director at Woodward & Co

Woodward & Co is an excellent business, with a strong, experienced and entrepreneurial management team. The team have successfully driven the company over the last three years and the business is well positioned to continue its growth. We were delighted to work with the management team and the vendors in structuring this transaction.

Rob Crews, partner at Momentum Corporate Finance

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