[Hardware] Seven-figure MBO at computer hardware firm

[FazzNoth]

Nottingham-based computer hardware supplier, PLM Global, has been bought in an MBO, in a deal backed by SME Capital.

Shane Watson will take on the role of CEO supported by Wayne Swallows as chairman who has been acting in an advisory capacity for PLM for two years.

PLM Global was formed in 2014 as a hardware solution provider. The company supplies hardware and applications solutions to multiple sectors including retail, manufacturing, transport and logistics.

The new executive team will be made up of Rob Alcock, who has been promoted to sales director, Leroy Stratford, whose role is head of finance, and Matt Leary, operations Manager.

 

Watson said: “I am absolutely delighted with this outcome; we have worked tirelessly to get PLM Global to the stage it is at today. With our experienced and strong-skilled board of directors, I have every faith that we will progress further.”

SME Capital regional director, Timothy House, added “PLM have established a very successful business which is well placed in the current macroeconomic environment, Shane’s motivation and drive to grow the business was evident from the first meeting and Shane’s knowledge of the sector as well as strong relationships with key customers/suppliers should help drive the business forward.

SME Capital provided a seven-figure funding solution which included a bullet repayment in order to soften the cash repayment profile.

PLM Global was advised by HSKSG Corporate Finance Specialists.

https://www.thebusinessdesk.com/eastmidlands/news/2062629-seven-figure-mbo-at-computer-hardware-firm