Jamieson is pleased to announce it has advised the management team of Woodall Nicholson Group on its acquisition by Rutland Partners. All incumbent shareholders (incl. the Business Growth Fund) will co-invest alongside Rutland as minority shareholders.
Woodall Nicholson is the UK market leader in the design and manufacture of specialist vehicles, targeting attractive niche markets with long-term growth prospects. The company is known for its strong emphasis on quality and has built a cohesive value proposition through steady organic growth that encompasses three distinct vehicle divisions: Buses, Ceremonial and Emergency Services “Blue Light”.
Rutland will be supporting CEO, Frank Barrett, and the incumbent management team to further develop the business, enhance its current operational capability and continue to develop new and innovative products. Furthermore, Woodall Nicholson will be leveraging on a busy period of acquisitions to expand its use of specialist technologies both in the UK and internationally.
Tom Burton and David Kirkpatrick advised Frank Barrett and team on their reinvestment into the new structure and the terms of the new MIP.