The corporate team from Cheltenham-based BPE Solicitors has acted for the owners of Bergson & Eaton Ltd as they transferred the business to the existing management team as part of a Management Buy Out (MBO). The specialist suppliers and installers of conservatories, orangeries, windows and doors has been operating for almost 50 years and has a reputation for excellence and bespoke design.
As part of the MBO the previous owners are maintaining an active role within the business to provide continuity during the early period of transition as the new team builds upon the strong and respected business that has been created.
Jim Bergson, an owner of the business said “Passing ownership to the imbedded team means customers will continue to receive a seamless service at the same high standards as before and we are confident things will go from strength to strength.”
Dale Williams, Partner at BPE said “An MBO is a good way for existing owners of a business to ensure the legacy of what they’ve built continues into the future, as the business is being passed to people they know and trust. It was great to work with the vendors of Bergson & Eaton to achieve a mutually beneficial result for all. That is something that we pride ourselves on at BPE.”