RTS undergoes successful MBO

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.


Share this article



Latest Businesses for Sale

Provider of Coffee Machines & Related Products
South East, UK

Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £1,000,060

FREEHOLD


International Export Services
North West, UK

One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...

Asking Price: Offers Invited
Turnover: £1,300,000

South Down Fish Bar
Bath, South West, UK

Food Service Businesses: Fish & Chip Shops. Established, high turnover traditional Fish and Chip and hot food takeaway operating from busy parade location, Bath. Offers invited.

Asking Price: £190,000
Turnover: £338,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
17
 
Mar
 

Sale completed of refrigerated display equipment manufacturer | BUSINESS SALE

The sale of a refrigerated display equipment manufacturer ha...

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