Fri, 01 Dec 2023 | MBO/MBI
CSG (Controlled Solutions Group), a live event security, training and consultancy firm, has been acquired in a management buyout (MBO). The MBO was led by chief executive officer, Jeff Lee and Chief Operating Officer, Chris Cowell and was completed for an undisclosed sum.
CSG is based in Manchester and was founded in 1989. The company provides services for a roster of blue-chip clients in the UK and internationally, serving global brands, teams, fans, venues and guests, with clients including Manchester United, Silverstone and Hotel Football.
CEO Jeff Lee commented that the MBO “heralds a new era” for the company and would provide an opportunity build on its legacy. The MBO sees CSG founder Henry Kirkland retire and Lee commented that Kirkland had been instrumental in “establishing CSO as a leading player in the sector”.
Chris Cowell, Chief Operating Officer, added: “We are honoured to be leading our hugely talented and experienced team as co-owners of the business.”
“Handing the baton to the existing leadership team means we can secure a seamless transition for our clients, employees and the hundreds of security professionals that work with us on a weekly basis. It’s an exciting time for everyone.”
Over recent years, alternative exit strategies such as MBOs and sales to Employee Ownership Trusts (EOTs), have grown increased in popularity as outgoing owners seek an exit that helps them to both realise value, while preserving the workforce, ethos and values of their company - which could be at risk through a sale to a third party.
Read more here:
MBOs come to the fore as owners seek a safe exit
Behind the growing popularity of Employee Ownership Trusts (EOTs)
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