Project Description

EMC steers MBO of fit-out and refurbishment specialist

EMC Management Consultants Limited

Deal type: Acquisition
Industry Sector: Commerical property & development
Completion date: 17th September 2019
Adviser(s): EMC Corporate Finance

Award-winning commercial interior fit-out and refurbishment specialist Warnes Projects Ltd, based in Arundel, has been sold in a management buy-out advised on by EMC Corporate Finance.

The deal sees director Stephen Hobbs take control of the business with former director Ed Davies moving out to pursue other interests.

The company, formed in 2005, has successfully combined financial growth with reinvestment in the business, enabling it to become a leading player in the field of commercial space planning, design and build in West Sussex and beyond.

Recent projects have included the total refurbishment of 200 Dover Street, London SE1, the strip-out and refurbishment of Worthing Museum & Art Gallery and the design, space planning and fitting out of The Loom, a 19th century former industrial building in London’s Whitechapel.

Michael Gibbs, who led the EMC team advising the Warnes Projects management, said: “The business has come a long way in a relatively short time and, under Stephen Hobbs’s guidance, we expect it to go a lot further yet.

“It is blessed with a first-class in-house workforce, supported by a trusted collaborative team of complementary professional services, who are totally committed to ensuring all its projects are completed on time and to budget – key factors which have enabled Warnes’s reputation to spread beyond West Sussex and into major projects in London.”

Stephen Hobbs commented: “I now look forward to continuing to innovate and drive the business forward, ensuring first class service standards, impeccable relationships, exemplary processes and laser-focused vision, to ensure Warnes is a trusted partner and safe pair of hands for all sizes and scopes of projects now and in the future.”

He added: “I would like to thank Michael Gibbs and his team at EMC for guiding us through the process.”

Warnes Projects were supported by Bright Law (legal) and accountants MHA Carpenter Box.

EMC Management Consultants website