Hawsons Advises on Management Buy-Out at West Midlands-Based IT Firm

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Hawsons Corporate Finance team are pleased to announce the completion of a Management Buy-Out (MBO) at Wem Tech Solutions. Established in 2013 in Brierley Hill, West Midlands, Wem Tech Solutions provides outsourced IT support and technology services to a wide range of clients. The business has grown impressively over the past decade, with a strong reputation in the industry, and a loyal customer base.

The MBO sees co-founder, Adam Whitehall, take control of the business after buying out fellow founder Oliver Ellis-Middleton.

The transaction was led by Ellie Wilcockson, Corporate Finance Executive at Hawsons, with legal advice provided by Rory Conwill, BRM, and funding for the transaction provided by Kingsway, with support from Chris Mangle, Custom Business Finance.

Ellie Wilcockson, Corporate Finance Executive at Hawsons, said:

“Wem Tech Solutions is an excellent example of a founder-led business which has grown at pace, building a loyal client base and strong reputation for expert support and clear, practical advice. It is a credit to the way Adam and Ollie have run the business over the past decade. Adam has a clear vision for the future of Wem Tech Solutions, and it was a pleasure to support the company on this next chapter”.

Rory Conwill, Director at BRM, said:

“My colleagues and I are very pleased to have supported Adam and Ollie on this deal. Wem Tech Solutions is high quality business, and I wish Adam and the wider team every success for the future”.

Adam Whitehall, co-founder of Wem Tech Solutions, said:

“This deal marks an important milestone for Wem Tech Solutions. I am proud of what Ollie and I built together, and excited to take the business forward under my sole leadership as we enter our next chapter. With a clear vision and strong focus, I’m committed to building on our existing foundations and continuing to deliver long-term value for our clients. I want to thank everybody who was involved in the completion of this deal, especially the team at Hawsons. Ellie’s support throughout the process was extremely helpful”

Wem Tech Solutions will now move forward under Adam Whitehall’s ownership. With a clear direction, and strong foundations in place, the business is well positioned to continue its growth and support more clients.

If you are exploring succession options and think a Management Buy-Out could be the right path for your business, please contact the Hawsons Corporate Finance team. We are always happy to have a conversation.

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