JLF has advised on the management buyout (MBO) at the privately owned electrical contracting business.
Based in Seahouses, Northumberland, Oswald Hughes has been trading for over 60 years, providing a broad range of electrical installations across a large variety of industries and sectors.
The MBO will allow for the retirement of the sole shareholder, Michael Stuart Tiffin, and provide a platform for the business to move forward with its future growth plans under managing director Andrew Stewart.
Commenting on the transaction, M&A expert Jabad Jaigirdar said: “Our clients rely on us when it matters most, and a business exit is a defining achievement for any entrepreneur. We were, therefore, delighted to be instructed by Michael to advise him on this deal.
“Oswald Hughes has built an enviable reputation over the years, and this deal will allow the company to build on that success and provide further opportunities for growth. We wish the board and the management team every success.”
