HMT advised the management team in its management buyout of Quantum Production Limited, the Oxfordshire based manufacturer and supplier of specialist electronic instrumentation to the cryogenic market and temperature measurement devices for the transport industry.
Quantum was established in 1981 by Mr and Mrs Thornton, the founding shareholders, who have sold their shares in order to retire from the business.
The management team consists of David Thornton-Wood and Adela Thornton-Wood who have been involved with the business for approximately six and ten years respectively.
Adela Thornton-Wood commented:
“We are highly motivated by this exciting development and look forward to continuing to grow the highly successful and established family business.”
HMT acted as financial advisors to management and Newco.
“This is an exciting opportunity for both David and Adela and I wish them every success for the future.”