WW Martin Group has completed a management buyout (MBO), with full ownership of the Kent-based contractor transferred to a new team of existing directors and senior managers.
The transaction, which took effect on 28 October, includes the firm’s subsidiaries and was structured to ensure continuity of leadership.
WW Martin did not disclose financial details of the deal.
The new board comprises David Barker, Neil Benwell, Trevor Codd, Ben Green and Doug Mumford.
As a result of the MBO, former directors and shareholders Mike Darling and Ian Posnett have stepped down following a 14-year tenure.
They will remain with the company until the end of the year to support the handover before retiring.
Under their leadership, WW Martin’s turnover grew from £19m in 2011 to almost £61m in the firm’s latest accounts for the year to February 2025.
In a statement, the company credited Darling and Posnett with helping secure its reputation as “one of Kent’s leading main contractors”.
WW Martin added that day-to-day operations, project delivery, and staffing would remain unchanged under the new management.
It highlighted a strong forward pipeline, ongoing frameworks and a “robust market position” as the foundation for continued expansion.
