Moorcrofts advises on management buy-out of Gravity Consulting Engineers
Moorcrofts LLP has advised Gravity Consulting Limited (“Gravity”), a well-established and experienced structural engineering consultancy firm, as part of a management buy-out.
Founded in 2009 and operating from both Berkshire and Hyderabad, Gravity employs a very experienced team that offers a range of structural design and detailing services to its clients and on projects such as housing, sports facilities, offices and schools. Examples of recent projects include part of the development at Green Park Village, Reading and the Nestle Factory in Hayes.
Mark Ryan stated:
“Becky and I founded Gravity over a decade ago and during that time, Gravity has grown and thrived. We have worked with Tony, Jonny and Nathan for many years and we are looking forward to a new future for Gravity under a combined ownership. It is a great milestone for Becky and I and a well-deserved opportunity for Tony, Jonny and Nathan.
We will continue to work as one team over the course of the next few years and assist in the transition as we reduce our involvement with the company. During that period and beyond Gravity will continue to provide clients with the usual high standards of quality service and consultancy. We are very thankful for the Moorcrofts team for their counsel during this process. It was a pleasure working with them, they made the process and complexity of it all easy for us to understand”.
Moorcrofts’ corporate partner Nicola Bennett led the deal, with support from Barry Maytum and Mohsin Shabbir.
Nicola Bennett said:
“Gravity have been long-standing clients of our firm for many years and it has been a pleasure to assist Mark and Becky as part of this management buy-out. We wish them all the best with the transition and we look forward to the next project with them”.
Wentworths & Associates Limited provided tax and accountancy advice on the process. Freeths LLP acted for the management buy-out team.
Moorcrofts corporate team regularly acts for buyers, sellers and investors across a broad range of industry sectors. With a wide array of clients, from PLCs and household names to sole traders and partnerships, Moorcrofts has the expertise to advise on all aspects of corporate transactions. For more information about Moorcrofts corporate services, visit our corporate services page or contact a member of the corporate team.