CFI advised Clarks Modular Buildings on its sale to the management
Cardiff – A Cardiff-based company that specialises in the construction, hire and sale of modular buildings has been acquired by one of its senior team members as part of a management buyout (‘MBO’).
Clarks Modular Buildings was founded in 1951, starting out as suppliers of “jackleg” cabins to the construction industry. In the late 90s, the business moved into the hire and sales of modular buildings, with customers including several major utility companies and well-known construction businesses.
Following the MBO, the company has transferred into the ownership of brother-and-sister partnership Elissa Thomas and Ellis John.
Thomas worked for Clarks for a number of years, supporting managing director Ian Clark in operating the business, while John has helped to build up a number of successful businesses in recent years for a large PLC company operating in the construction sector.
Clarks will continue to focus on this sector as part of its growth plan under the new ownership, supplying modular buildings for use as site offices and to provide other facilities on large construction sites.
Former managing director Ian Clark will retain a 20 per cent shareholding and remain on the board, working closely with the new owners to support the business in its growth plans going forward.
“We have great plans to continue, grow and develop the business going forward and I am confident that my knowledge and contacts in the construction sector will open new doors for the company,” said new owner Ellis John.
The transaction closed on 13 July 2017
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