Penningtons Manches Cooper advises on management buy-out of BTE Plant Sales Ltd

Posted: 25/07/2022

The corporate team at Penningtons Manches Cooper has advised the senior leadership team at BTE Plant Sales Ltd on the management buy-out of one of the largest independent plant suppliers in the UK from its current shareholders, for an undisclosed sum.

BTE Plant Sales, founded in 1990, is a leading provider of plant machinery with physical locations across the Midlands, Yorkshire and Lancashire. The company also featured in the East Midlands Top 500 Companies 2022.

The Penningtons Manches Cooper team was led by corporate partner Matthew Martin, with support from associate Emily MacDonald. The wider team included employment senior associate Sarah Mant, banking and finance partner John Chater, and real estate partner Alex Prew.

Rebecca Bryson, commercial director, commented: “I would like to thank Ben Elliott, Dave Hawley and all those involved for their support and allowing me this fantastic opportunity to drive BTE forward. I’m very excited and look forward to developing our relationship and services with our customers and partners.

“We very much appreciated the support, professional guidance and expertise of the team at Penningtons Manches Cooper, led by Matthew Martin.”

Ben Elliott, BTE founder and chairman, commented: “Myself and Rebecca have worked closely over the past few years and I am really excited that Rebecca will continue to move BTE forward with our shared business ethos.”

Corporate partner Matthew Martin, who led the Penningtons Manches Cooper team, commented: "We were pleased to support Rebecca, Ben, and the senior leadership team on this management buy-out to enable the next steps for the ongoing success of BTE Plant Sales.”

The management team at BTE Plant Sales Ltd were also advised by Paul Jackson and Mike Kitto from Beavis Morgan.

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