AA Jones Electric management buy-out backed by Mercia

Hull-based electrical wholesaler AA Jones Electric has undergone a seven-figure management buy-out backed by funding from Mercia Debt.
AA Jones Electric, which was founded in 2009 and is now one of the region’s leading independents, supplies electrical equipment for domestic and commercial use, as well as industrial automation and controls.
The buy-out gives control of the business to co-founder Andy Moulds, the Sales Director, and long-standing employee Sam Lomax, who becomes Managing Dir