Mon, 14 Dec 2015 | MBO/MBI
A communications agency based on the Welsh border town of Chepstow has been the subject of a management buyout.
On Screen Productions (OSP) and its life sciences and healthcare division OSP Healthcare, has been bought out by Vikki Byrne, Lydia Owen and Mike Dyson. The group began preparations for their purchase two years ago, having approached advisory firm KTS Owens in 2014, but the deal has been completed and they have taken up ownership away from the previous owners, Richard Cobourne and Alison King, who have recently announced retirement plans.
Mr Dyson commented on the acquisition: “We used our own finance as well as a loan from Finance Wales to fund the purchase.
"We now have the flexibility we need to expand the business by capitalising on OSP's proven business model."
Founded in 1993, OSP began life as a corporate video production company but has since grown into a full-service communications agency.
Alun Thomas, senior investment executive with Finance Wales, said that the planning undertaken by the new team meant that they were able to deliver on a “seamless transition”.
He added that the extra time they gave themselves also enabled them to explore potential funding options to access the best setup in terms of financing.
View more businesses for sale in Wales.
The company offers an aluminium design, fabrication and installation service, specialising in aluminium windows, doors and curtain walling systems. The company works closely with a number of prestigious suppliers and subcontractors in order to provid...
The company provides a diverse range of solutions to clients across the healthcare sector, including temporary staffing, supported living, and complex care. To complement its core services, the business has developed its own app, enabling healthcare...
The company offers the hire of a wide range of high-quality, modern plant, access, and tools regionally. Priding itself on its outstanding customer service and large, loyal client base, the company also provides training for IPAF courses through an e...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.