A North West software firm which supports the mechanical, construction and design industries has completed a management buyout with the support of Pierce Corporate Finance.
The ownership of Accrington-based Quadra Solutions has transferred to its senior management team.
The company specialises in CAD software services and has worked with clients such as the University of Manchester, Warburtons and BAE Systems.
Mike Hacking, representing the management buyout team, said: “This MBO is a big step for Quadra Solutions. We’ve all worked hard over many years to build Quadra into a business that supports our CAD and PCB customers in a practical, no-nonsense way.
“This transition gives us the chance to build on that, with the existing directors remaining a key part of the journey ahead. It’s business as usual for all our customers, with a clear focus and commitment on continuing to improve and delivering real value.”
Pierce Corporate Finance, which has offices in Blackburn, Bolton and Manchester, acted for the vendors throughout the transaction. Its role included valuation advice, strategic planning, deal structuring, negotiation support and overall project management through to completion. Specialist tax advice was provided by Pierce Tax, led by director Dominic Ball, including steps planning and transaction structuring.
Legal advice to the vendors was provided by Forbes Solicitors, with Harrison Drury acting on behalf of the management buyout team.
Khadija Patel, Pierce Corporate Finance adviser, said: “Management buyouts can be an effective way to secure the long-term future of a business while rewarding the efforts of the management team that has helped to build it.
“This transaction was the result of careful planning and collaboration, and we are pleased to have supported the vendors through every stage of the process.”
Vendor Simon Dobson added: “I’m confident the management team are well placed to take Quadra Solutions forward, with the experience and capability to drive the next phase of growth.
“Pierce Corporate Finance provided clear, practical advice throughout the transaction, and their understanding of the business, combined with a professional and detail-driven approach, ensured the process ran smoothly. Their guidance through the complexities of the deal was invaluable in delivering a successful and speedy outcome.”