Pro Group In MBO

About the deal:

ProGroup Construction is delighted to announce the business has undergone a management buy-out that sees the business acquired by its employees via an Employee Ownership Trust (EOT) supported by founder James Friar.

ProGroup, which is based in Hatfield, is a leader in construction, demolition, aggregates and waste removal with a dedicated team of experts combining decades of experience in the industry. The business manage every aspect of construction, demolition and waste removal providing end to end services to the public and private sector across multiple industries.

James Friar has supported the financing of the transaction and will continue to lead the business day to day and build on the impressive growth the business has seen over recent years.

James commented “I am delighted to be able to complete this transaction and to allow my dedicated and impressive team to benefit from the future growth of the business.  I am excited by the opportunities we have going forward and look forward to working alongside the team over coming years. I would like to reassure all of our trusted customers and suppliers that this is very much business as usual, and they will see no day to day changes in ProGoup.”

The transaction was advised upon by BTG, Claritas Tax, Freeths and Legal Clarity.

How we add value:

• Bought together a team of trusted advisors to deliver the MBO over a tight timescale
• Structured an EOT transaction to deliver an optimal outcome for all parties
• Project managed all aspects of the deal supporting all stakeholders