Charles Russell Speechlys advises new and existing management on the Hydralectric Group buy-in management buy-out
Charles Russell Speechlys has advised the management team of Hydralectric Group Limited (Hydralectric), on the recent buy-in management buy-out backed by Rockpool Investments. Established in 1976, Hydralectric is a leading specialist manufacturer of premium quality flexible hoses and supplier of added value solenoid valves, pumps and water controls.
Charles Russell Speechlys acted for Andrew Bristow, the new Chairman and Simon Willis, the new Managing Director, as well as members of the existing management team, Richard Black, Mike Quinn and Helen Browne, who also re-invested in the business.
Andrew Bristow, Chairman commented “Charles Russell Speechlys provided good support to the management team throughout the transaction and ensured things went smoothly. I look forward to working with the team to build on the success Hydralectric have already achieved.”
Commenting on the transaction, Malcolm MacDougall, Partner and head of the Private Equity team at Charles Russell Speechlys, said:
“We are delighted to have advised the management team of Hydralectric on the deal and it was a pleasure working with them. We look forward to seeing the business grow from strength to strength with Rockpool’s backing, and to continuing the strong relationship with Andrew and the Hydralectric team, going forward.”
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