South Yorkshire-based HP Construction Ltd has completed a management buyout, securing the future direction of the company as its long-standing directors step down.
The deal transfers ownership to Nick Gillott, Darren Bocking, and Amanda Hayes, who take over from outgoing co-managing directors David Hutchison and Richard Powell. The new owners bring decades of experience within the business, with backgrounds spanning project management, finance, and operations.
HP Construction, established in 2006, delivers civil engineering and infrastructure projects across the industrial, commercial, and motor retail sectors. The company has built a strong reputation nationwide for its work on large-scale developments.
SMH Group acted as lead adviser on the transaction, providing corporate finance and tax guidance. Legal support was provided by MD Law, which advised the sellers, and Dawson Radford Solicitors, which advised the management team.
Nick Gillott, on behalf of the management team, said:
“This transaction secures the future of HP Construction and provides a platform for the next phase of growth. Darren, Amanda and I are committed to maintaining the high standards the company is known for while building on its excellent reputation in the sector.”
The MBO marks a transition in leadership designed to ensure continuity for staff and clients while positioning the business for future growth.
