The management team at Lincoln-based Pearson Hydraulics has successfully completed a buy-out, securing the future of the business and more than 35 jobs.
The firm – which celebrated 50 years in business last year – was purchased by Rick Dring, Ian Smith and Paul Rushby, with funding support provided by Clydesdale Bank. The deal was facilitated by David Burgess, Business Development Director in Specialist and Acquisition Finance at Clydesdale Bank’s Business and Private Banking Centre in Lincoln. [caption…
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