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

MOT & Motor Repair Business
Shepherds Bush, London, UK

Long established, successful and profitable MOT, servicing and repair motor business in London. Ill health forces sale. Limited competition. Exceptional reputation. Parking available for 4/5 cars. Offers invited.

Asking Price: £900,000
Turnover: £300,000

Window & Conservatory Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Excellent window and conservatory business. Superb bolt-on business. Entirely word of mouth business and still growing. No marketing necessary at this turnover. Offers invited.

Asking Price: £210,000
Turnover: £1,100,000

LEASEHOLD


Italian Restaurant
Rugeley, Staffordshire, UK Wide

Reputable Italian restaurant in Rugeley, established since 1997. Business comes with fully licensed bar free of tie. Offers invited.

Asking Price: Offers Invited
Turnover: £303,193


View more businesses for sale

News Search

Latest News

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

 
11
 
Jul
 

ASL Group completes its third acquisition in 18 months with Reprotec | BUSINESS SALE

Just one week after securing fresh private equity backing, A...

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