Shawbrook supports MBO for specialist building materials distributor EPMS Supplies Limited
Established over 30 years ago, EPMS Supplies Limited provides a bespoke service to the construction sector and is the industry’s longest serving independent stockist of specialist building material products.
At a glance
A bespoke service to the construction sector
The company operates nationwide from three strategically located sites across the UK and has experienced a strong period of growth under the stewardship of former Managing Director and majority owner Don Blair who has directed the business since its inception.
As part of its succession plan the business was looking to complete a management buyout which would enable its share owners, including Don, to exit while selling to and rewarding the management team. The team had worked in the business for circa 25 years which was key to ensuring a smooth transition that provided continuity for EPMS’ employees and customers.
The business was seeking funds to support the management buyout and was introduced to Shawbrook by its long-term financial advisor, BHP LLP. Shawbrook provided a bespoke seven-figure funding solution - a mix of amortising and bullet term debt and a Confidential Invoiced Discount (CID) facility to support working capital and growth.
Don Blair will now take a step back from the day-to-day activities, taking on a non-exec role, while the MBO team is focused on continuing to build the business’ strong reputation and embarking on a new phase of controlled growth.
It’s been great to have the support of BHP and Shawbrook throughout this process. Shawbrook’s flexible approach meant they could tailor a solution to meet our individual needs and this was key in choosing them as our funding partner.
Don Blair, Non-Executive Director, EPMS Supplies Limited said:
“I am absolutely delighted that the company will carry on developing with the existing loyal staff and that the transaction will see the Management Team, led by Kevin Earles and Christopher Hemingway, take ownership of the company moving forwards.
“It’s been great to have the support of BHP and Shawbrook throughout this process. Shawbrook’s flexible approach meant they could tailor a solution to meet our individual needs and this was key in choosing them as our funding partner.”
Will Holmes, BHP LLP said:
“This deal is a great example of the resilient Yorkshire business community; EPMS has demonstrated robust growth since the pandemic and is a great platform for the Management Team to continue driving the business forward and achieve further success.
“With Shawbrook’s experience supporting MBO transactions and their relationship-led approach, we knew they would be a great fit to support EPMS through this key milestone.”
Matthew Fannon, Director, Corporate Lending at Shawbrook, said:
"EPMS has built an excellent reputation in its market and has a strong management team to lead the business through the next phase of its journey. We are delighted to support them with a flexible funding solution which supports the buyout but also provides headroom for further growth.”
How can we help you build your business?
Our team of experts across the UK are ready and waiting to speak to you about how we can help you realise your business aspirations. Use our enquiry form to get in touch, or contact the team directly through our contact page.