MTS Nationwide Limited has been acquired via a management buy-out. The plant hire and sales provider for the Doosan Bobcat range of equipment operates throughout Scotland and the north of England and has an annual turnover of £8 million.
The Wakefield-based firm has said it will now be led by husband and wife Iain and Sarah Black, and Matthew Watson. Current managing director, Peter Watson, will move into the role of chairman for a period of time.
New managing director, Iain Black, said, “Both Sarah and I are delighted and naturally excited about the future of MTS. Peter and the whole team at MTS have done a superb job over the years and we look forward to growing and developing the business with our existing and new clients.
“We have been very impressed with our advisory team including BHP Corporate Finance, Clarion and RBS who all provided quality and proactive advice. The combination of our advisory team working together as one was first class.”
MTS has depots in Cumbernuld, Leigh and Chester Le Street as well as its Wakefield HQ. The company was founded more than 25 years ago, starting out as a supplier of welding, fume extraction and pipework equipment into the petrol chemicals sector before expanding into new markets including construction and plant hire.