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.”
Corbett will take on the role of managing director with Arrow as director, continuing his pre-construction role as well as taking the lead with business development. Arrow has been with Pilbeam since 1993 and Corbett joined in 2015.
Corbett said: “We are totally committed to upholding the values and culture of the business and to providing customers with the same service, quality and professionalism they are used to.
“It’s an exciting time. We have an ambition to deliver controlled growth and we are recruiting to help achieve that aim. Already this year we are seeing a rise in enquiries and have secured significant contract wins across heritage, modern methods of construction (MMC) and design and build (D&B) projects.
“We are confident that 2024 will see a steady increase in turnover and that we can continue to take the business forward.”
