A Tyneside construction industry supplier has completed a management buyout following its founder’s retirement.

Gateshead based Fall Protection º£½ÇÊÓƵ supplies and installs safety decking services to the construction industry, including fall prevention systems such as fall safety bags and working platforms, for housebuilding and commercial projects across Northumberland, Tyne and Wear, County Durham, Teesside and North Yorkshire.

Launched in 2003, the firm has clients including Esh Group, Keepmoat Homes, Avant Homes and Miller Homes.

Now the firm’s shareholders have worked with FRP Corporate Finance’s Newcastle team, led by partner Abu Ali and supported by associate director Graham Brown and manager Niall Choat, on a succession plan that would allow its founder and former managing director, John McGowan, to retire.

The photograph showcases two businessmen engaged in a handshake, symbolizing mutual respect, agreement, and the initiation of a business deal or partnership. The firm and confident grip exemplify the essence of trust and professionalism, signifying the initiation or sealing of agreements in the corporate world.
Gateshead based Fall Protection º£½ÇÊÓƵ has completed an MBO

The team designed the MBO to “secure the firm’s legacy and position it for future growthâ€, while also introducing the management team to debt adviser CCBS, to support them with a finance raise.

Abu Ali, partner at FRP Corporate Finance, said: “MBOs can offer company founders an attractive alternative to taking the business to market, enabling them to exit the company while ensuring a smooth transition to the existing management team.

“With growth in º£½ÇÊÓƵ housebuilding high on the national agenda, this is an exciting time for Fall Protection º£½ÇÊÓƵ’s management team to step into an ownership position and apply their skill and experience to take the business to the next level. We wish them and the entire team best of luck for the future.â€

Mr McGowan, former Fall Protection º£½ÇÊÓƵ shareholder and managing director, said: “This deal marks the start of a new chapter for Fall Protection º£½ÇÊÓƵ and FRP Corporate Finance gave us confidence that this was the right option for the business. The team helped secure an excellent outcome for all parties and their guidance through every step of the MBO process was invaluable.â€

Other advisers in the transaction were Sintons, 1st Cloud Accountants, Savage Silk and CCBS.