PKF Smith Cooper advises on QEP-UK management buyout

PKF Smith Cooper has advised on the management buyout of QEP-UK tiling, flooring and hardware home improvement firm.

As a result of this transaction, the UK business is now owned by the Boyce Family Group.

Paul and Sarah Boyce from Boyce Family Group have been associated with the company for many years.

Paul has been a member of QEP’s group management team for the past 14 years, having most recently served on the US Board of Directors as CEO of International Operations.

The management team continues to be led by Paul Boyce as CEO and he has been supported in the transaction by FD Steven White and newly appointed COO Cam Gradwell.

The management team has acquired the UK business from US-listed QEP Inc and will continue to trade under the name QEP-UK.

QEP-UK, headquartered in Burton on Trent, is manufacturer and supplier of tiling, flooring and hardware tools and accessories.

Darren Hodson and Josh Gurton provided deal support to the management team, alongside Dahren Naidoo from Freeths.

Paul Boyce said: “PKF Smith Cooper were there from the inception of this deal to the end, providing strategic and technical advice throughout. Darren and Adam worked seamlessly alongside PKF SC’s range of tax specialists to ensure the transaction went as smoothly as possible. We are excited about the future prospects of QEP-UK under our ownership.”

Adam Rollason, tax partner at PKF Smith Cooper, added: “I am delighted to have supported Paul and Cam on this transaction. I have no doubt that under its new ownership structure, QEP-UK will go from strength-to-strength over the next few years, and I wish them all the very best for the future.”