Sell-side Advisory to McPhillips

BTG is delighted to announce that it has advised on the management buy-out of Telford-based McPhillips Holdings Limited.

About the deal:

McPhillips provides award winning civil engineering and building solutions throughout the Midlands, North West and Wales. The business has an impressive client base of blue-chip customers such as Taylor Wimpey, Morris Homes, Bellway Homes, Telford and Wrekin Council and The Highways Agency. Established in 1964, McPhillips has a highly skilled and loyal workforce of over 250 employees and generates revenues in excess of £40 million per annum.

The business has undergone a management buyout which will allow joint Managing Directors Peter and Nicholas McPhillips to retire from the business. The Management team will now be led by Paul Inions, who joined McPhillips as a trainee quantity surveyor 27 years ago. He commented “The values upon which the business was founded by the McPhillips family will be continuing to be promoted. With a buoyant order book and new opportunities ahead, we are looking forward with confidence to a bright future.”

How we made a difference:

• Evaluated the potential for a management buy-out with the transaction outline ultimately being delivered.
• Performed a valuation of the company to create alignment between the stakeholders.
• Successfully led the fundraising process on behalf of the incumbent management team.