A Lancashire-based provider of security and electrical installations has been acquired by its management team.
Security and Electrical Installations, which trades as SEI, has been bought from majority shareholders and founders Paul Mercer and Alan Ogden.
Directors Bradley Ogden, Ian Hearle, Callon Ogden and Sharon Clarke have acquired the business for an undisclosed sum and will take over the day-to-day running of the Leyland-based firm.
SEI specialises in the installation and testing of security, data cabling and electrical systems for a wide range of industrial and commercial clients including the NHS, HM Prison Service, education providers and local authorities. The company is also well-known for its work on high security sites in the energy, utilities and defence sectors.
The corporate finance and tax teams at MHA Moore and Smalley advised Paul and Alan on the sale of the business, providing deal structuring, valuation and tax advice.
Paul Mercer comments: “Our success over the last 20 years has been down to our ability to build lasting relationships with our clients who have come to value our dependability, drive and integrity.
“Alan and I are proud to have passed the business on to an outstanding management team who embody these same values. They are the right team to take the business forward and will ensure seamless continuity for our valued clients.”
Bradley Ogden says: “My fellow directors and I are privileged to have been entrusted to take the business on the next stage of its journey. Our whole team is committed to providing our clients with the same high levels of service and quality for which SEI is known.”
MHA Moore and Smalley’s deal team was led by corporate finance director Stephen Gregson, tax partner Tony Medcalf, tax director Michelle Taylor, and corporate services director Judith Dugdale.
David Filmer of Forbes Solicitors advised Paul Mercer and Alan Ogden on the sale. Nicola Whittle at Brabners provided legal advice to the management team.
Stephen Gregson, corporate finance director at MHA Moore and Smalley, comments: “It’s been a pleasure to assist Paul and Alan in this transaction, enabling them to take a step back from the business and realise the rewards of two decades of hard work building a successful business. SEI can look to a bright future with an experienced and capable management team at the helm.”
Founded in Lancashire, 2002, SEI has 23 staff and works with clients nationwide. In addition to security and electrical systems, its other services include LED lighting design and replacement, fibre optic installations, fire detection systems and the installation of electric vehicle charging points.