B-Trac bought out from Barcom

Wellingborough-based B-Trac Equipment, distributors of Vermeer underground and environmental equipment has completed a management buy-out from Barcom with support from Grant Thornton's Northampton corporate finance team and county solicitors Toller Hales and Collcutt.

Founded in 1992, B-Trac is the sole distributor for Vermeer industrial products in the United Kingdom and Ireland, ranging from directional boring equipment to tub grinders and trenchers, with annual sales of £5 million.

Mark Brockway of Grant Thornton led negotiations and arranged funding via HSBC. John Keeble of Toller Hales and acted as legal adviser to the deal.

Keeble said: "There is huge potential in the UK and Ireland for trenchless technology and recent legislation outlawing the burning of wood waste creates opportunities for B-Trac.

The MBO has had the full support of US-based manufacturer Vermeer.

Martin Wright who will stay on with B-Trac as managing director said: "This is a new beginning for B-Trac. We shall be pushing for continued growth from developing this specialist market to its full."