Thu, 10 Mar 2011 | MBO/MBI
A management buy-out deal has recently taken place at Cavalier Mailing Services after eight years of preparation.
The management team has purchased the Norwich-based mailing house, with 23 staff, for an undisclosed sum. Managing director Paul Middleditch and finance director Nigel Greengrass funded the transaction through personal investments they had made.
Established in 1986 and formerly part of Blakes Holiday Group, Cavalier provides a comprehensive range of direct mail services including mailshots, polywrapping of subscription magazines and the sourcing of print and discounted postal services in the UK and abroad.
Cavalier’s customers have doubled to 185 companies over the past five years, which include membership organisations like the Federation of Small Businesses and subscription magazine publishers.
Its revenues have also increased by about 25 per cent over the past five years to £1.2 million, due in part to online marketing efforts.
Commercial director Alastair Kerridge commented on the deal, “It was a question of making it viable for both parties to progress with the sale. The sale almost came to completion two years ago but in terms of finances it is now right for both parties.”
Exceptionally busy MOT testing station and vehicle repairs/servicing business which has been in the same hands for over 30 years and proved particularly profitable for the vendor.
Long established haulage contractor operating over 25 years is now seeking a well-earned retirement. The business serves a large number of regular clients and enjoys a fantastic reputation within the industry, operating with a modern fleet and tradin...
This is perhaps the best pub in the county that we have offered for sale in many years and produces superb net profits for our clients. This is genuinely a rarity to acquire such a successful pub with extensive freehold property which has had substan...
FREEHOLD
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