PM+M has advised on the management buyout sale for RAM Services Limited which will see the majority shareholder, Richard Kaysers retire and exit the business.
In Kayser’s place, Paul Howarth, contracts director, and James Best, business development manager will take full control of the company.
RAM Services Limited specialises in structural repair and refurbishment contracting providing a range of services to the power and water supply and distribution sector.
The accountancy firm acted on behalf of the majority shareholders of RAM Services Limited with the group’s corporate finance partner, Jim Akrill supporting the sellers with all financial, deal related and tax advice.
Commenting on the buyout, Akrill said: “We are pleased to have advised the shareholders of RAM on the sale of their business to the management team during such a challenging time. RAM is a robust business and is well positioned for future growth. We wish the new owners every success.”
Kayser added: “Selling a business that you have worked so hard to build up is always going to be a big decision. The last 40-plus years has been a fantastic journey, and we are happy to know that RAM Services is in great hands under Paul and James’ ownership.”