Deals round-up: Engine for growth at Browning’s

The managers of Browning’s Electric Company have completed a GBP1.5 million MBO of their electric motor repair and mechanical engineering business from UK-based Dagenham Motors, a subsidiary of the Polar Motor Group.

The team was advised by RSM Robson Rhodes Corporate Finance and Mills & Reeve Corporate Finance, while the deal was funded by Barclays Bank.

Browning’s is a long established business based in Barking and Watford. The management team consisting of Jeff Lake, Allen Pioli and Christine Swan have a long history with the business and have bought it with the intention of building on customer service.