DVS Limited has been acquired in a management buyout (MBO) supported by a finance package from HSBC.
Tim Goodson led the deal for the Cardiff-based distributor. He was supported by strategic accounts director Gavin Dunleavy.
Shaun Bowie, former MD, and sales director Scott Douglas acted as vendors for the deal. Both will retain a minority share in the business, with Scott continuing in his current role and Shaun continuing in a consultant role. Tim Goodson will now become MD and Gavin Dunleavy will become strategic sales director.
Tim said: “This is an exciting time for DVS as our sustained growth has allowed us to attract new customers, improve our offer to existing customers and develop our training and support services. With an experienced team of managers driving the business forward we will continue to grow organically while offering the same high levels of value-added service to our customers.”
Shaun Bowie added: “Both Tim and Gavin have the right drive, ambition and talent to continue DVS on its exciting journey alongside Scott and the rest of the management team whilst ensuring the DNA of DVS remains. The MBO was the correct route for the business and most importantly the staff who have been a huge part of this company’s incredible growth and success.”
Pictured L-R: Tim Goodson; Managing Director, Scott Douglas; Sales Director, Gavin Dunleavy; Strategic Sales Director
