Management team buys Aspen Build (East Anglia) Limited
BDO LLP has advised on the MBO of Aspen Build (East Anglia) Limited, an independently-owned management contractor which specialises in the life cycle of public and private sector projects from conception to completion.
The East Anglia corporate finance and tax teams acted as advisers to the shareholders of Ipswich-based Aspen Build, which was acquired by the management team for an undisclosed sum. The BDO team was led by John Gethen (corporate finance director), Peter Harrup (tax partner) and Chris Barker (associate director, tax).
Aspen Build specialises in pre-construction services across the public and private sector to facilitate planning, design and value engineering.
It is a Construction Line Gold member, as well as being accredited with the Gold Investors in People Award. Key public and private sector construction projects include Anglian House in Huntingdon, Bluntisham Road in Needingworth and Antler House in Hainault.
John Gethen said: “We’re delighted to have worked with the shareholders of Aspen Build on the successful acquisition of the company by an ambitious management team.
“With a clear commitment to maintaining the core values of the business, centring on adaptability, professionalism, honesty and integrity, the management team is perfectly placed to maintain the strong client relationships Aspen has built up over the last 12 years, as they seek to expand their presence across the East Anglia and London markets.”
Michael Betts, managing director at Aspen Build, added: “BDO delivered a professional service throughout the process utilising their specialist skills and experience to help us successfully deliver the management buyout.
“The management and control of the transaction has been excellent and the performance of the whole BDO corporate finance and tax teams underlines their ability and determination to deliver great outcomes for clients.
“Their thorough experienced approach to the process enabled us to work closely with them throughout the transaction and their input was invaluable in delivering the transaction.”