INTERIORS business H Peel and Sons has been sold in a deal involving a private equity firm and the company’s management team.
As part of the transaction, Martin Peel, who took over the business from his father, exited as major shareholder and Seneca Partners acquired a controlling stake in the business alongside the management team of Dominic Brogan and Andrew Pollock.
The Dewsbury-based firm was established over 60 years ago, and has become a specialist in its field in the planning and design of commercial interiors for many major pub retailers, universities, student unions, hotels, health clubs, schools, care homes and offices in the UK.
Clients include Virgin Active, Punch Taverns and Spirit as well as universities in Manchester, Reading, Huddersfield, London and Leeds.
Mr Peel remains with the company as a consultant.
Castle Square Corporate Finance was appointed to advise the shareholders on exit strategies and then tasked with finding an investor for the business that also allowed the current management team to share in the rewards of ownership.
Kevan Shaw, of Castle Square, said “H Peel has experienced another strong trading year and this is testimony to the quality service which the company offers in its chosen market place.”
Legal and taxation advice was provided by Adrian Hackett and his team at Freeths solicitors.