A historic West Yorkshire engineering company specialising in ventilation has been acquired in a management buyout.
Mansfield Pollard Management Buyout
Mansfield Pollard & Co was founded in Bradford in 1866 and is today a specialist provider of industrial air handling units, kitchen ventilation and acoustic systems.
Managing director Lou Frankland and operations director Bryan Bentley have purchased the business from sole shareholder and chairman Alan Pollard.
Mansfield Pollard said the deal had been a seamless process for staff and customers, with the company now targeting accelerated growth for the future.
Managing director Lou Frankland said: “This is fantastic news for both customers and staff while we continue to deliver on our ambitious five-year development plan.
“The opportunity afforded by the MBO will further increase our ability to develop and retain industry-leading talent, further invest into the performance driven product offering to our customers and ultimately achieve our goal of being recognised as the UK’s leading air management company.”
Operations director Bryan Bentley added: “We look forward to building upon the excellent relationships we have with our existing client base, developing products to meet their specific challenges while also bringing new products to market through our significant in-house manufacturing capability.
“This is a very exciting time for the business as we push the boundaries in R&D, further streamline our manufacturing processes, and enhance our product quality.”
Outgoing chairman Alan Pollard said: “I have seen the company grow and develop with such vigour and pace over the last three years that I feel now is the ideal time to hand over the reins to Lou and Bryan.
“Although the company has been in the Pollard family for almost 100 years, there is no doubt in my mind that the change of ownership will see the brand continue to thrive and the Mansfield Pollard name remain synonymous with values of quality, integrity, value and customer service.”
Advisers on the deal included Frazer Hall Corporate Finance, Mazars, Clarion Solicitors and Glaisyers Solicitors.