Frame-Tech manufactures and installs over 1,000 timber frame homes a year across the north of England, employing around 60 people. It has a turnover of around £13 million.
The company’s shareholders, Jamie Atkinson and Mathew Ainley, appointed Strategic to find a buyer for the business.
Strategic introduced Lagan Investments, a family fund set up by Kevin Lagan following the sale of his building materials business. The Lagan family also own FastHouse, a timber frame homes business based in Northern Ireland and Lagan Homes, which develops sites in Ireland and the UK.
“We are very pleased to have facilitated this transaction, which allows our clients to de-risk their personal wealth as well as benefit from the continued success of the business through a substantial retained shareholding. There is a strong cultural and commercial fit between the management at Frame-Tech and the investors at Lagan, which I am sure will form the basis for a very successful partnership.”
“Strategic made the difference… I thought after finding a buyer their involvement would finish, but it had only just begun. Thank you for everything you have done”