Altrincham architects practice undergoes MBO
Tue, 24 Oct 2023 | MBO/MBI
Altrincham-based Calderpeel Architects has been acquired from its founder in a management buyout (MBO). The deal sees the existing team, led by Mark Massey, Ewen Miller and Andy Lightfoot, take over from the practice’s founder Harry Calder.
Calderpeel Architects is a RIBA-Chartered practice that is known for its work on projects such as the Castle Irwell residential scheme in Salford, which is currently ongoing. While best known for its work in the residential markets, it also delivers a wide range of other projects across different sectors.
The deal comes amid an increase in MBOs since the COVID-19 pandemic, with owners at small and medium-sized companies increasingly seeking a quicker, safer sale process to a trusted buyer that they are confident can carry the company forward.
Calderpeel Architects Managing Partner Ewen Miller, who confirmed that Harry Calder will continue to play a “key role” in the company post-transaction, commented: "Harry established the business over 30 years ago and has worked hard with ourselves over the last 20 to develop the business to where it is today.”
"We are a very tight-knit and connected team committed to continuing this development, supporting our fantastic past and existing clients whilst simultaneously building on our strong legacy. The structural ownership of the practice may have changed, but Harry will continue to play a key role."
Miller continued that the MBO would “undoubtedly” lead to a continuation of the change in the practice’s culture that had been underway for several years, which he said, “looks to move the practice forward by nurturing our staff, enabling the next generation of designers and working closely with like-minded professionals to create opportunities.”
Miller added that this would include the appointment of Lucy Lomas as a non-executive director at the practice, with Lomas set to assist in evolving Calderpeel's strategic vision.
Find out more about what's driving the growth of MBOs
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