B&S Group has formally announced the management buy-out of its engineering, manufacturing and e-commerce business.
The transaction was led by incumbent Group Operations Manager Jason Wittenbrink, who has acquired a majority stake, and High Wood Capital who provided equity funding to support the acquisition of the group from family owners Steve and Karen Potts.
Established in 1989, B&S Group is an electrical and mechanical engineering group providing full-service design, manufacturing and installation solutions for power systems, energy management processes and industrial control applications.
B&S Group works alongside a number of major energy suppliers in the UK and Europe, supporting some of the largest renewable energy and power infrastructure projects as well as M&E contractors. The group delivers quality switchgear and electronic solutions for a broad range of customers, specialising in commercial and industrial switchgear solutions, modular substations and e-house’s for the renewables sector, printed circuit boards and electronic product assembly. In addition, B&S Group operates three successful e-commerce websites providing specialist commercial and industrial power and electronics equipment.
Steve and Karen are stepping back from the business to focus on B&S Technical Services, which will continue to deliver on-site electrical services and support to its network of UK clients. They leave a strong legacy and established reputation for Jason to build upon with the support of his management team.
Jason Wittenbrink, MD, commented:
“I am delighted that High Wood Capital and its investors are supporting B&S Group as we look to build upon the platform Steve and Karen have entrusted to us. I know for High Wood Capital it’s all about the people and we have a first-class team here with ambitious plans for the business.
Our core businesses are strong with many exceptional customer and supplier relationships. In recent years this has enabled us to become a prominent partner supporting leading clients in upgrading UK power infrastructure and the transitioning to green energy and the 2050 Net Zero target.”
Andrew Stubbs, at High Wood Capital, commented:
“B&S Group has set itself apart from other businesses in its sector by taking a different approach with customers, offering solutions rather than simply products. This has been recognised by customers and led to an enviable pipeline of opportunities. Steve and Karen leave the business in great shape and we’re looking forward to working with Jason and the team to deliver on their plan to build from this platform. This is exactly the sort of opportunity our private investors want to support.”