Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Ford tuner Mountune saved in acquisition by founder

Ford tuner Mountune saved in acquisition by founder

Mon, 19 Oct 2020 | BUSINESS SALE



Essex-based Mountune, a firm specialising in tuning packages for Ford and Volkswagen cars, has been acquired by its founder David Mountain in partnership with several other investors.

Mountain resigned as a company director in July 2020, with the company announcing in August that it was seeking a buyer or investment partner. It hired KPMG to help it in its search for a buyer or investor to help “recapitalise the business and unlock management’s growth aspirations".

It is thought that the company ran into difficulties after the success of its road car tuning business began to impact the earning-power of the more lucrative side of Mountune’s business: supplying parts and engines for race cars. This was then exacerbated by the impact of COVID-19, which put racing around the world on hold.

Mountain said: “It’s widely recognised that the success of the road car group, predominantly, led to a situation where the demand was outstripping the previous business’s ability to supply and support our customers. COVID-19 simply served to compound the problem further.”

The investment by Mountain and the team of investors has been said to safeguard “a large number of jobs” at Mountune’s Essex facility and raised "the required capital to both protect the brand and secure its future". The acquisition means that Mountune is an independent, UK-owned entity, having been previously connected to several US businesses.

Mountain commented: “It gives me enormous pleasure to be able to secure the brand both now, in its 40th year, and for the future. We can’t wait to get back to supplying and supporting our customers and dealers properly and also embracing new technologies that will enable us to take Mountune forward for decades to come."

The company plans to continue offering tuning packages and modifications for both road and race cars, whilst also looking to begin developing its own electric powertrain technology and release new products. The company says that it will look to produce a “clean, ultra-high performance electric powertrain”.


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Provider of Engineering Services
UK Wide

Long-established provider of onsite machining and repair services operating a one-stop shop for a large range of engineering solutions across a global client base. Specialising in a range of applications the group operates in several industries provi...

Asking Price: Offers Invited
Turnover: £3,924,000

LEASEHOLD


Provider of Wiring and Engineering Services
East of England, UK

Specialises in the provision of a wide range of wiring and engineering services and labour. Predominantly operates in the broadcast and AV industries. Works with 20 active clients, all of whom provide reliable, repeat business. Operates to an extreme...

Asking Price: Offers Invited
Turnover: £4,799,999

LEASEHOLD


Provider of Mechanical Engineering Services
East Midlands, UK

Specialises in the design and installation of chilled water, heating, cooling and ventilation systems. Caters to 10 clients, all of whom provide repeat business on an ongoing basis.

Asking Price: Offers Invited
Turnover: £2,490,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
May
 

Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION

Bournemouth-based instant foods brand Mr Lee’s Pure Fo...

 
19
 
May
 

Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE

Legal services company Knights has acquired Portsmouth-headq...

 
18
 
May
 

Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS

Businesses in the UK look set to come under continuing press...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
10
 
Mar
 

£32m turnover Angus Steakhouse appeals to landlords with administration looming | ADMINISTRATION

London’s popular Angus Steakhouse chain has appealed t...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
09
 
Dec
 

Administrators seek buyer for garden machinery firm | ADMINISTRATION

Shropshire-based garden machinery company Oakley’s has...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.