MBO at Goole ambulance manufacturer

Posted on 06 Oct 2019 and read 404 times
MBO at Goole  ambulance  manufacturerGoole-based ambulance manufacturer O&H Vehicle Technology (www.ohvtech.com) has been the subject of a management buy-out (MBO) from current private-equity owner Endless.

The company has been acquired by managing director Oliver North with the support of Yorkshire businessman Ken Davy; they previously worked together to grow firefighting equipment supplier North Fire, before the acquisition of that company in 2014.

O&H has been owned by Leeds-based Endless since 2016, with a significant investment made to safeguard the long-
term future of the business.

In January 2019, Mr North was appointed to lead the business into the next stage of its development.

Following the MBO, Mr Davy will assume the role of chairman in support of managing director Mr North; Sarah Turvey has also joined the board.

Mr North said: “After being brought in by Endless at the turn of the year, we knew the company needed a new direction and deeper relationships in its key markets.

“After eight successful months, we’ve seen improvements in all aspects of the company, and I’ve grown to admire every facet of it.

"The pride we feel in seeing O&H ambulances go out of the door is immense, and that was one of the key factors in my decision to lead this MBO.”

Mr Davy is the founder of listed business support company SimplyBiz. He said: “Oliver has always impressed me with his energy and enthusiasm.

"When he highlighted this new opportunity for us to work together on the MBO of O&H, I jumped at the chance.

"I am confident that his commitment to customer service and delivering quality products will enable us to develop O&H into a market-leading British business.”

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