Wed, 07 Aug 2013 | MBO/MBI
Quattro Group, a plant hire firm, has undergone a management buyout (MBO) headed by its finance director, David Callé.
Quattro was established by John Murphy in 1989 and has grown into a £40 million business over the years. Mr Murphy remained with the company but has now taken a step back to become executive chairman, although he has retained a stake in the company.
Mr Callé is stepping up to take the role of chief executive. He first joined the company with its acquisition of BCL Rail Plant in 2008, which doubled the size of the business and pushed Quattro up to become leading supplier, with an estimated 30 per cent share of the operated rail-road vehicle (RRV) market in the UK.
Mr Murphy commented on the MBO in a statement to Transport and Logistics: “Having built the business over the past 24 years, the time is right to further its development by passing control to the management team. Over the past five years, this team have helped develop the business into the leading RRV provider in the country and they are perfectly placed to continue driving it forward.
“The buyout is all about maintaining the momentum of the organisation, and my new role as executive chairman means I will remain involved as the management team take Quattro Group on to the next phase of its development.”
Quattro is the second largest rail plant provider in the UK and the largest operator of environmental machines in the country.
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