01.08.2016

Management buy-out at MTS Nationwide

UK sales and rental company MTS Nationwide - the Bobcat dealer for Northern England and Scotland - has been acquired via a management buy-out.

MTS was established more than 25 years ago as a supplier of welding, fume extraction and pipework equipment to the UK petrochemical sector. It now operates from locations in Wakefield, West Yorkshire, Leigh in Lancashire, Chester Le Street in County Durham and Cumbernauld, Scotland and supplies a wide range of construction and agricultural equipment for both sale and rental as well as golf carts, and welding equipment.

The company trades under three names, MTS Plant Hire & Sales, MTS Golf and Utility vehicles and MTS Welding hire and sales. It employs around 50 with revenues of £7.2 million in 2015.

The company will now be led by husband and wife team Iain and Sarah Black and Matthew Watson, who will step up into an ownership and executive directorship role as part of the transaction. Current managing director, Peter Watson - who has been with the business for the last 22 years - becomes chairman for a period of time.
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Bobcat UK dealer MTS Nationwide has been acquired via and MBO

Managing director Iain Black said: “Both Sarah and I are delighted and excited about the future of MTS. Peter and the team 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 which all provided quality and proactive advice.”