Protek Fencing, a leading UK contractor specialising in motorway crash barriers, has completed a multi-million-pound management buy-out (MBO) with backing from Mercia Debt.
The MBO sees Managing Director Kristoffer Sharp and Commercial Manager Matthew Pickering take control of the business, facilitating the retirement of former Contracts Director Scott Clayton.
Based in Leeds, Protek has secured a significant funding package to support its growth. Half of the funding is provided by Mercia’s SME Loans fund, with the remaining amount coming from NPIF II – Mercia Debt Finance, which is part of the Northern Powerhouse Investment Fund II (NPIF II).
This investment will support the company’s expansion, including new plant and technology, and enable it to bid for larger contracts, particularly in the area of bridge parapets.
Established in 1987, Protek focuses on road restraint systems such as safety barriers, pedestrian guardrails, and security fencing. It has completed major projects like the Armley Gyratory upgrade in Leeds and a barrier replacement project on the A69 between Carlisle and Newcastle.
The company currently employs 11 staff and aims to broaden its service offering by adding specialist parapet works and expanding its presence across the UK.
Mercia’s funding package supports Protek’s efforts to increase turnover and grow its business by investing in technology and infrastructure. The company plans to scale up its operations, aiming to secure larger frameworks and contracts across the UK.
Kris Sharp, Managing Director, said: “Nearly four decades of quality and reliability have given Protek its reputation. Our goal is to increase turnover by adding specialist parapet works and expanding our footprint across the UK.”
Gary Whitaker, Investment Director at Mercia, added: “Kris and Matt have the sector knowledge and drive to take Protek to the next level. Our tailored package not only funds the buy‑out but equips the business for immediate growth.”
