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Birmingham Post

Business

Lauren Phillips

Entrepreneur buys long-running metal fabrication firm Kingsward Group

Development Bank of Wales David Pearce Margaret Development Bank

An entrepreneur has bought long-running metal fabrication firm Kingsward Group following a management buy-in. Will Kinder, former director of engineering at Aluqo, has bought the Ferndale-based business for an undisclosed sum.

Kingsward's founding directors, Margaret and Alan Keetch, sold the company to the 32-year-old and are set to retire following the sale.

Finance for the management buy-in was provided by the Development Bank of Wales with a mix of debt and equity alongside capital from Growth Lending. GS Verde advised on the deal, while Capital Law acted for the Development Bank of Wales.

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