Sills & Betteridge Corporate Partner Leads Management Buy-Out at Lincolnshire Flooring

Euan McLaughlin continued the firm's tradition of acting for several generations of the Jefferson family in relation to their ownership of Lincolnshire Flooring, by completing a recent deal which saw Managing Director Zach Jefferson buy out Finance Director Dawn Smith's share of the business.

Having supported Zach and Dawn in buying out a third shareholder two years ago, Euan went on to advise on the purchase of Dawn's shares by way of management buy-out (MBO), allowing her to move towards retirement and Zach to take 100% ownership of the business.

This, along with earlier transactions involving the previous generation of owners, demonstrate the commitment and value Sills & Betteridge place on long-term client relationships. With all clients, our aim is to become, and remain, their trusted advisors – going further than simply completing isolated transactions.

Zach commented

"We have always found Euan and the wider team from whom we have sought assistance on property, employment and other matters, to be responsive, knowledgeable and commercial in the way they approach issues. Unlike other professionals we have come across, they always go the extra mile by suggesting practical solutions, rather than simply identifying problems – and then support us in successfully achieving those solutions."

Should you wish to discuss a potential management buy-out, or the sale or acquisition of shares in your business, please call Euan McLaughlin on 01522 700490 or email emclaughlin@sillslegal.co.uk

Pictured Left to Right: Euan and Zach Jefferson.