Sheffix

Acquirer: Brad Wheeler

Sheffield-based ironmongery and hardware supplier Sheffix has undergone a management buyout (MBO) led by Brad Wheeler, a long-serving employee who joined the company as a school leaver 20 years ago.Summary of transaction details:Value: £300,000Sector: Industrials & EnergyAdvisor: Brearley and Co, Custom Business Finance, MD LawKey Entities: Sheffix, Brad Wheeler, NPIF II – Mercia Debt Finance, Norman and Elaine PearceLocation: Sheffield, UKNote: The transaction provides an exit for founders Norman and Elaine Pearce, who established Sheffix in 1984. Supported by a £300,000 loan from the Northern Powerhouse Investment Fund II (NPIF II), Wheeler plans to expand the trade customer base, introduce locksmith services, and drive regional and national growth.

Acquirer: Brad Wheeler

A long-serving employee has acquired Sheffield ironmongery business Sheffix via a management buy-out backed by a £300,000 loan from NPIF II – Mercia Debt Finance.Summary of transaction details:Value: £300,000Sector: Industrials & EnergyAdvisor: Custom Business FinanceKey Entities: Sheffix, Brad Wheeler, NPIF II – Mercia Debt FinanceLocation: Sheffield, UKNote: This transaction enables succession for the founding owners and allows a 20-year veteran of the company to execute ambitious expansion plans into the national trade market.