The buy out from founder and current owner Terry Holding was made by Managing Director Steve Hankins, Financial Director Matthew Bache, IT Director Geoff Riebold, and Commercial Director Jim Chatten.
HBC is theUK's longest running online salvage organisation, specialising in salvage collection and disposal services for theUK's top insurers, fleet and accident management organisations.
Steve Hankins, Managing Director at HBC said: "Mills & Reeve fully understand our business and were the natural choice to engage to support our MBO. Their expertise and professionalism is invaluable and we look forward to continuing to work with Mills & Reeve throughout the exciting times ahead."
James Hunter, corporate partner at Mills & Reeve comments: "We wish Steve and the rest of the management team every success. We were delighted to be asked to support the team through the buy out process and to see everything get done on time. HBC has a great heritage and the team at Mills & Reeve looks forward to working with the business as it moves forward".
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