CARA Construction
- Sector
- Construction & Utility Services
- Size
- £3.0m EBITDA
- Advisory
- Sell-Side
- Debt Advisory
Background
- Founded by two brothers, Paddy & John, CARA Construction is a first generation construction contractor based in the North West of England, serving private end-users, house builders, utility tier ones & public sector
- Independence were recommended to the founding family by their corporate lawyers, who had worked with us on similar transactions.
Process & outcome
- We undertook a detailed Options review – including mapping what would be possible from an external sale, investment, partial sale, restructure, management buy-out and transition to employee ownership. Having considered all options the family chose to have Independence facilitate transition to Employee Ownership
- New trustees were appointed, supporting the family through both the change of control and the nuances of employee ownership. New funders were engaged to facilitate early settlement of the EOT but the family chose instead to fund themselves and not be beholden to a third party during that transition.
“It’s been a real pleasure working with Independence, they have helped walk us through the succession and transition to Employee Ownership. At all times we felt like the interests of the business & family were protected and what transpired was true to what we all hoped for and intended from the outset.”
