PDT Solicitors act for Tri-Fab Limited shareholders in selling the Company to an EOT

The Trust has been established for the benefit of all of the employees of the Company and there is a process in place to enable the employees to choose an employee director to represent their interests.

 

Tri-Fab manufactures and supplies sheet metal fabrications to the roofing, cladding and façade markets using a variety of materials and employs around 30 people at its site in Lancing, West Sussex.

 

Two of the three shareholders will remain as directors of the company going forward with the third shareholder remaining involved on a consultancy basis.

 

Andrew Hoad who led the PDT team said “There have been lots of disposals to EOT’s in the press recently and it is good for us to act on another one. Having worked with the shareholders previously it was good to get this deal over the line and I am confident that the Company will continue to go from strength to strength with an additionally motivated workforce”

 

Dave Simmons at Ballard Evans provided corporate finance advice to the shareholders and MSA Law provided legal tax advice.

 

 

To find our more about Employee Ownership Trusts, please view Andrew's recent article: Employee Ownership Trusts – Offering a genuine succession alternative