A management buy-out (MBO) at O&H Vehicle Technology has seen ownership of the Goole-based ambulance builder shift from private-equity owners Endless to MD Oliver North.
The MBO was supported by renowned businessman Ken Davy who will now become Chairman of the company.
O&H has been owned by Leeds-based Endless since 2016. In January 2019, the private equity firm appointed Mr North to lead the business into the next stage of its development.
Now, O&H aims to challenge some of the world’s biggest manufacturers in the same field with significant financial investment behind a tailor-made management team.
As well as welcoming Mr Davy to the board, O&H has also added Sarah Turvey, winner of Real FD/CBI Excellence Awards’ ‘Young Finance Director of the Year’ and Yorkshire Finance Director Awards’ ‘Best Finance Director of an SME’.
Matthew Jubb, partner at Endless, said: “We invested into O&H at a time that nobody else would; the business urgently needed our support and we set about rescuing a great brand in UK manufacturing, protecting employment and making O&H fit for its future development.
“It is now time for the management team, with the support of the new shareholders, to take O&H on to an even greater success.”