Advising Multipipe Limited to an Employee Ownership Trust (EOT)

EMW Law LLP has recently advised on the sale of shares in Multipipe Limited to an Employee Ownership Trust (‘EOT’). Establishing an EOT is an exit process that is increasing in popularity which results in a trust being set up for the benefit of the employees.

Mike Young, the MD and exiting equity shareholder of the company comments:

“After successfully building Multipipe over 20+ years it was time to look at its future and my part in its disposal. Our fantastic TEAM has always been central to our success I felt a trade sale, whilst being the most popular, did not fully secure the future of our people. As soon as I learned about EOT’s I knew I had found the right solution. It then just needed the right team of professionals to help. After seeking advice from business owners who had successfully achieved an EOT sale, Tracy and her team at EMW came highly recommended. From our first informal chat right through to completion of sale Tracy always kept me fully informed and advised using plain and simple language, making what was a huge step for me, disposing of my Company whilst securing its people’s future, a comfortable and relatively painless process.”

Multipipe offer high quality plumbing pipe and bespoke underfloor heating solutions for the UK construction industry and have over 50 years of combined management experience within the construction industry.

The EMW team was led by Tracy Evans, Partner in the Corporate team. Tracy was assisted by Belinda Williams and Elizabeth Spence. Also advising Multipipe Limited was Kingsley Tedder from Mobius Group.