Tue, 06 Oct 2015 | MBO/MBI
Automotive training agency RTS has been acquired by its management team in a successful MBO.
The Chippenham-based company was launched nearly 30 years ago by Richard Wells and over the years it has provided specialist staff training to some of the world's best-known car manufacturers, including Mercedes-Benz, Nissan and Toyota.
Four years ago Malcolm Miller came on board with the company with the aim of growing the business and taking on the responsibilities for the company to enable Mr Wells to pursue his other business interests.
Now, Mr Miller, along with fellow directors Jessica Starley, Katherine Searle and John Brannigan, with the support of finance director Alison Noble, has taken ownership of the company.
Miller commented on the deal: “Managing a growing global business at the same time as delivering an MBO would have been an impossible task without the guidance of the right professionals.”
Support and guidance in this case was provided by Sue Green and Jessica Painter from Swindon-based Watersheds.
Miller added that the company is looking to develop “many exciting opportunities overseas, particularly in China”.
RTS offers learning and development training for its clients' staff. The firm offers a range of services from initial design and understanding through to event delivery.
The practice has been around for over two decades with virtually zero DB transfer exposure and a focus on financial planning. The Practice represents one of the cleanest Businesses you’re likely to see anywhere on the marketplace at this time. Number...
This well-established manufacturer for sale has been trading for over 185 years and has built up a considerable niche business for agricultural and engineering products for a cross-section of industry sectors. The business to be sold is ideal for acq...
Highly Profitable Wealth Management Firm. Great Staff Base Who Will Remain and Continue to Manage the Clients. Established: 25 to 30 years. Number of staff: 5 to 10. Offers invited.
|
21
|
|
Feb
|
Street food catering firm seeks buyer after entering administration | ADMINISTRATION
Shrewsbury-based catering company MPM Catering has entered a...
|
20
|
|
Feb
|
Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE
Online used car service Heycar has purchased the independent...
|
19
|
|
Feb
|
On-demand laundry app snapped up after administration | BUSINESS SALE
Laundrapp, an on-demand laundry service which was touted as ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
05
|
|
Dec
|
What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS
Private business mergers and acquisitions expert Sue Green o...
|
03
|
|
Sep
|
OVM takes over NHS-supplier Therapy Equipment Ltd | BUSINESS SALE
Business growth specialists Owner Venture Managers (OVM) has...
|
17
|
|
Mar
|
Sale completed of refrigerated display equipment manufacturer | BUSINESS SALE
The sale of a refrigerated display equipment manufacturer ha...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources