'Delight' as MTE Heat Treatment management buyout completed

Slaithwaite-based MTE Heat Treatment has undergone a management buyout.
By Chris Burn
Published 18th Apr 2023, 11:15 BST

Senior management Ben Redfearn and Jason Beaumont have acquired the business from Geoff Windas and Nigel Dyson who are retiring.

The company provides sub-contract services for the heat treatment and surface engineering of metals.

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Mr Redfearn and Mr Beaumont said: “We are delighted to be part of this succession opportunity which provides continued security for colleagues and customers. The business has been set on a fantastic journey by Nigel and Geoff, we wish them all the best on their retirement and would like to thank them for leaving such a great legacy.”

Tariq Javaid, Ben Redfearn , Jason Beaumont, Stephen Newman mark the buyoutTariq Javaid, Ben Redfearn , Jason Beaumont, Stephen Newman mark the buyout
Tariq Javaid, Ben Redfearn , Jason Beaumont, Stephen Newman mark the buyout

They were advised on the purchase by Azets, with funding provided by HSBC.

Tariq Javaid, Corporate Finance Partner at Azets said: “We are delighted to have advised Ben and Jason on the MBO.

"They're in a fantastic position to take MTE from strength to strength building on its excellent reputation.

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"Despite the uncertain economic environment, this deal demonstrates the vibrant business environment in Yorkshire.

“This is a great transaction and highlights the strength of the Yorkshire deals market.

"MTE is a long-standing Azets client and we look forward to working with Ben and Nigel and the team on their growth journey."

Ramsdens, led by Stephen Newman, provided legal advice to the MBO team.