Contractor Pilbeam Construction has announced a management buyout which sees Alan Corbett and Andrew Arrow – both CIOB members – take over the business from owner Simon Pilbeam following his retirement.
The family business, based in Southwick, West Sussex, has been run by Simon Pilbeam since 1994, having been founded by his father Alan in 1955. The company will keep the name and family values.
Simon Pilbeam said: “It’s not an easy decision to stand down when your business has been such a big part of your life, but it’s a lot easier when you know the people taking over understand its values and will continue to provide our customers with outstanding service. I’m confident that the business will be in safe hands under Alan and Andrew.”
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