Management team at £12m valve firm buys out private equity investor

The management team at Alfreton valve wholesaler has completed a buyout of its private equity partner. Leengate Valves, which turns over £12m a year and supplies over 20,000 valve products as well as providing associated calibration, actuation and engineering services, has bought out its private equity investor YFM Equity Partners in a deal which sees management acquire take control of the business.