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Fri September 20 2024

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MBO for Sussex builders

23 Feb Sussex-based Pilbeam Construction is under new ownership after a management buyout.

From left to right are Andrew Arrow, Simon Pilbeam, Alan Corbett
From left to right are Andrew Arrow, Simon Pilbeam, Alan Corbett

With the retirement of owner-director Simon Pilbeam, Pilbeam Construction has been acquired by the management team of Alan Corbett and Andrew Arrow.

The family business, based in Southwick, near Shoreham-by-Sea, has been run by Simon Pilbeam since 1994, having been founded by his father Alan in 1955.

Alan Corbett now takes on the role of managing director with Andrew Arrow as director continuing with his pre-construction role and taking on the lead with business development.

Simon Pilbeam said: 鈥淚鈥檓 so proud of Pilbeam Construction and what we have achieved over the years, and I鈥檓 confident that the business will be in safe hands under Alan and Andrew, who I鈥檓 sure will continue to drive it forward.

鈥淚t鈥檚 not an easy decision to stand down when your business has been such a big part of your life and you are blessed with such loyal staff. But it鈥檚 a lot easier when you know the people taking over understand its values and will continue to provide our customers with outstanding service.鈥

Andrew Arrow said: 鈥淭his is a big day for me because I鈥檝e been involved with the company since 1993, it鈥檚 in my heart. Alan has been here since 2015, too, and for Simon to trust us to move the business forward is a real honour.鈥

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