# Flowplant Group completes management buyout by SSPM Holdings

Flowplant Group, a provider of high-pressure jetting and pumping solutions in Salisbury, UK, was acquired in a management buyout completed on June 23, 2023, through the newly formed SSPM Holdings Limited led by Steve Smith.

- Type: Acquisition
- Announced: 2023-06-23
- Where: Salisbury, United Kingdom
- Status: completed
- Products: high-pressure jetting equipment, pumping solutions
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Flowplant Group](https://endata.com/companies/10754.md) (target)
- [SSPM Holdings](https://endata.com/companies/10755.md) (acquirer)

## Sources

- [flowplant.com](https://www.flowplant.com/general-news/flowplant-group-announces-management-buyout/), 2023-07-06: "On June 23 rd, 2023, Steve Smith, Edward Miles, and Barry Pidgeon, the dedicated management team, finalised the acquisition of the entire share capital of the Flowplant Group through their newly formed entity, SSPM Holdings Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.