Meridian Corporate Finance advises on management buyout of Southampton’s Borderland Fencing
The shareholder of Hampshire-based Borderland Fencing was advised on the management buyout of their company by Meridian Corporate Finance.
Borderland Fencing, which was started by Mike Jarvis in 1993, supplies and fits all types of fencing, serving a variety of house builders and developers, as well as offering two fencing centres geared towards residential customers.
Mike will continue with Borderland during the transition, with the management team taking the business forward.
The team was led by a team of professional advisers: Philip Mettam, Director and Prabin Sunar, Manager at Meridian Corporate Finance, Lucy Gleisner, Partner at Trethowans and Adam Buse, Client Director at Fiander Tovell.
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Mike Jarvis, exiting shareholder of Borderland Fencing, said: “Meridians advice and support proved invaluable getting our MBO across the line.
“From our first meeting they worked very hard to understand our business and provide the appropriate advice and worked closely alongside our existing accountants and new legal advisors. They project managed the deal through to completion providing the best possible outcome for myself, the management team and the business going forward."
Lucy Gleisner, Partner at Trethowans, said: “I met Mike Jarvis last year and it was therefore great to finally work with him. Borderland is a well-known local company and therefore it was a pleasure to support this regional MBO. I have every confidence that the management team’s enthusiasm and skill will ensure the company’s ongoing success.”
Adam Buse, Client Director at Fiander Tovell, said: “It was amazing to work on this exciting project with a great client and a team of dynamic and focused professional partners. It is a testament to all parties that the process felt so smooth. The best part being that the solution provided to the client is going to help them deliver their strategic aims and safeguard the future of the business.”
Philip Mettam said: “We were introduced to the team at Borderland to provide a new perspective after an unsuccessful process run by another advisor. It was a pleasure working alongside the team to find a solution for them in conjunction with their existing advisors.
“The deal included a number of complexities including the restructure of the group and properties, which we worked with existing bankers NatWest to complete. We wish the team all the best with the continued growth of the business in the coming years and look forward to working with them again.”
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Featured image credit: Borderland Fencing/Isuzu Truck UK (Twitter)