News & Views

Sherrards’ corporate team advise on ‘Bimbo’

The Sherrards’ corporate team worked with their clients Robert McGregor and Eamonn McGarvey on the acquisition of the issued share capital of Hugh LS McConnell Ltd in a buy-in management buy-out (“bimbo”) and creating a new company, “McConnell Group”.  With a strong track record in roofing, cladding and external coatings the aim is to turn the existing business into a specialist main contractor, with Rob Davis, one of the original owners and directors, staying on to work with the new management team.

McConnell has been at the forefront of delivering the highest quality roofing & cladding projects to the commercial, industrial, housing and retail sectors across the UK for over 40 years and with Eamonn taking the reins as Managing Director the new management team are looking to build on the excellent reputation and grow the business.

Robert McGregor comments, “We have worked with Kiall, Leigh and the team for a number of years and they always provides concise and commercial advice. They have a collaborative, personable approach and we thoroughly enjoy working with them.”