Hawsons is proud to have advised Doncaster-based construction and interiors specialist Pacy & Wheatley Ltd on its successful transition to Employee Ownership via an Employee Ownership Trust (EOT).
Founded in the 1960s, Pacy & Wheatley has grown into a nationally recognised name, delivering high-quality projects across construction, acoustics, interiors, and dry-lining. Following the passing of founder and chairman Dave Wheatley in early 2023, Directors Anthony and Craig Wheatley chose to honour his legacy by placing the future of the business in the hands of its people.
“This isn’t just a business decision, it’s a values-driven commitment,” said Craig and Anthony Wheatley.
“We’ve built something meaningful with our team, and now that meaning is shared. Employee ownership ensures that the spirit, culture, and principles our father instilled remain at the heart of Pacy & Wheatley. This is not an exit, it’s a long-term promise to our people and to Dave’s legacy.”
The move to an EOT gives employees a collective stake in the business, reinforcing the company’s family ethos and securing its long-term future. It empowers staff, strengthens engagement, and ensures that the values which have shaped the company for over six decades continue to guide its next chapter.
Jack Ware, Corporate Finance Director at Hawsons, commented:
“We’re delighted to have supported Pacy & Wheatley through this transition. Their strong culture and family values made employee ownership a natural fit. This move not only protects that culture but also gives employees a real voice in the company’s future. It’s been a privilege to work with them.”
Legal advice for the transaction was provided by Paul Trudgill of Knights.
If you're considering transitioning your business to employee ownership, Hawsons’ Corporate Finance team offers expert guidance across sectors and ownership models. Contact our EOT advisors today for a free initial consultation and discover how we can help you shape a sustainable future for your business.
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