New Owners Excited About Company's Potential And Leadership Team Expansion
Irwin Mitchell's Corporate team has advised on the successful completion of the management buyout (MBO) of Top Tubes, a leading precision steel tube manufacturer and laser processor based in the Black Country.
April Pearson-Myatt and David Van Zyl, formerly finance director and operations director at Top Tubes respectively, have taken over the reins as the new owners of the company. Top Tubes has also expanded its leadership team with the appointment of Brendan Wall as sales director.
The MBO was completed in just six weeks after reaching an agreement with former owners Adam and Matthew Bradley.
Expressing excitement about the company's future, David Van Zyl said: "Our goal is to protect and preserve what Top Tubes does so well, whilst also enhancing it. We are really excited about the future, and the massive potential that there is to unlock. Top Tubes is a successful business already. We now have a unique opportunity to create even more value and provide an exceptional outcome for our customers and employees."
Corporate partner Nick Dawson led the Irwin Mitchell team alongside Corporate lawyer, Greg Mazgajczyk, and Jade Edgar from the tax team.
Expert Opinion"We are delighted to have advised on this important management buyout. Top Tubes is a well-established and successful manufacturing business, and we are confident that under the leadership of April Pearson-Myatt and David Van Zyl, it will continue to thrive and achieve even greater success.
"The manufacturing sector plays a vital role in driving economic growth and innovation. It is an industry that demands constant adaptation and strategic decision-making. We are proud to have supported Top Tubes in this transformative phase and believe that their dedication to excellence and customer satisfaction will position them as a market leader." Nick Dawson, Corporate partner at Irwin Mitchell
April Pearson-Myatt added: "The legal and financial advice that we received throughout the MBO process was superb. Richard Dowen at NatWest, Nick Dawson from Irwin Mitchell, and Umesh Nischal from RBS were fundamental in helping us complete the deal.”