PKF Francis Clark Corporate Finance team advise on the management buy-out at a Devon-based property consultancy

AES Sustainability Consultants and Domestic Air Leakage Testing Energy Consultants provide and technical support throughout the lifecycle of a development, from land buying and planning stages through to post-construction testing and certification.

The founder of both companies, Jon Bodington, was keen to protect the businesses and its staff by giving the management team the opportunity to purchase the businesses so he could take a step back to pursue other interests, moving into a chairman role.

The buyout has transferred ownership of both companies to AES Sustainability Ltd whose new shareholders include Jon and Sue Bodington along with members of the senior management team: Fraser Hall, Anna Farmer, Alex Brooks, Silvio Junges, Greg Lock, Andrew McManus and Stewart Boyce.

Hall said: “I have worked with Jon since 2005 and found him to be an inspirational, driven and focused leader.  After 14 years of building AES Sustainability Consultants and DALTEC I understand his desire to take a step back from the businesses and am happy to take up the reigns and continue to deliver his vision.”

Nick Woodmansey, Corporate Finance Director at PKF Francis Clark commented: “We are delighted to have supported Jon and the management team through this exciting stage in the business. What has been evident through this process is the dedication of the team to shaping the future direction of the business and their passion and drive to continue to enhance the business for the benefit of their clients and staff.”

Legal advice to the founders was provided by James Orpin of Tozers LLP and legal advice to the management buyout team was provided by Evelyn Adfield of Porter Dodson LLP.