Taylor Facilities Management, a Llanelli-based facilities management company operating across the UK and Ireland, has secured a £2.8 million investment from the Development Bank of Wales to support a management buyout (MBO) and underpin its next phase of growth.
The funding was provided through the Wales Business Succession Fund and the Wales Flexible Investment Fund. It enables existing owners Pete and Leah Taylor to realise part of the value they have built in the business, while supporting the transition of ownership to long-term managers Trystan Lloyd, Pete Walsh, Jack Payne and Taylor Davies, along with Chris Thomas of SME Finance Partners.
Founded in 2013, Taylor Facilities Management has grown into a national facilities management company operating across the UK and Ireland. The business employs 70 people, and delivers a broad range of services and works with major commercial clients, alongside housing associations and local authorities.
The MBO strengthens the company's leadership structure by introducing equity participation for key members of the management team. The new owners are central to delivering recently-secured contracts, and will play a leading role in driving further growth across the business.
Pete Taylor and Leah Taylor will retain a significant role within the business, continuing to lead operations and mentor the management team as it evolves under the new ownership structure. The transaction has been supported by SME Finance Partners, along with Barford Owen Davies and Blake Morgan.
Pete Taylor said:
“We've built the business over the last decade and are incredibly proud of how far we've come. This investment allows us to recognise the contribution of the team that has helped drive that growth while putting the right structure in place for the future.
“The MBO gives our senior team a real stake in the business as we continue to expand and deliver new contracts across the UK and Ireland, while providing scope for an ambitious growth plan which will allow us to move into new sectors and create more jobs
Trystan Lloyd, a member of the incoming ownership team and Commercial Director at Taylor Facilities Management, said:
“As a group, we have been part of the business for a number of years. The family culture at the business means we've always felt comfortable in treating it as our own. This MBO has empowered us to move into management, allowing for continuity and ensuring our roles remain clear as we transition.
“Taking on ownership also gives us a start-up mentality – we see it as a new chapter with a strong foundation. It allows us to keep developing relationships and driving growth, without losing sight of where we've come from.”
Sam Macalister Smith, Senior Portfolio Executive, and Mark Sommers, Portfolio Executive at the Development Bank of Wales, said:
“Taylor Facilities Management is a strong example of a Welsh-founded business scaling successfully into a national operation. This investment supports a well-planned management buyout that both rewards the founders and empowers the next generation of leadership, while keeping the business rooted in Wales and employing people locally.
“The business has secured high-profile contracts and demonstrated consistent growth, and we look forward to supporting the management team as they build on this momentum and continue to expand their footprint.”
The £40 million Wales Business Succession Fund is financed by Welsh Government and the Clwyd Pension Fund. Loans and equity investments between £500,000 and £5 million are available for management teams seeking to own and run their own business. Terms range from one to seven years.
For more information, visit developmentbank.wales
