Camper van converter changes hands in MBO
Manager Daniel Staniland has purchased the business from founders Katrina and Scott Muldoon, after they were unwilling to progress the business further Insider Media reported. Lisa Pogson, Mark Staniland and Julie Robinson managed the buyout and finalised the deal in just three weeks. Neil Large of Lupton Fawcess gave advice on the deal.
The business now has new premises in Dinnington, South Yorkshire, with its three employees retained and new jobs being created. Andrew Nettleton from the Rotherham Investment and Development Office (RiDO) helped.
Mr Large commented: “Daniel, who will be leading the operation, has a real passion for the business and a clear vision for its expansion and development.
“With the wider support form the whole buyout team at the strategic, financial and operational levels, I have no doubt revenues will increase quickly.”
Convert Your Van Ltd specialises in camper van, motorhome and race van conversions, and can make custom furniture for most vans (built in or flat pack for self-build), as well as fitting windows, carpets and even appliances including sinks and hobs.
Find a business for sale
Subscribe to the Business Sale Report here
Businesses for Sale
Do you want to gain access to the latest businesses for sale as well as all UK administrations, liquidations and all winding-up petitions?
Business Sale Report is your complete solution to finding great aquisition opportunities.
10 Biggest Buyer Mistakes
Fill in your details below to get our FREE guide