Tharstern MIS in MBO

Tharstern Ltd, the company behind the MIS of the same name, has been sold in a management buy out for an undisclosed sum. Thus managing director Keith McMurtrie, technical director Antony Lord and sales director Lee Ward have acquired a significant ownership stake in the business and will retain direct day-to-day running of the business having bought the company from the family of the original founder.

The deal also involves a combined debt and equity package from Mobeus Equity Partners.

Tharstern Ltd, which was set up over 30 years ago, has a £4million turnover and employs 46 people, of whom 30 work from the headquarters at Colne, Lancashire, in the UK, with the rest field-based.

 

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