_______________________________________________________________________________________________ Blackrow Group
“ Our recent MBO has seen Nick , Callum , and Luke join Tony and I on the board , but it still hasn ’ t really sunk in for me yet ,” Gary laughs . “ It ’ s incredible to be given the opportunity to take on the running of the business and ensure job security for our people .”
Nick agrees : “ Our previous shareholders remain on the board too , but they had been looking at an exit strategy for several years before the MBO . They considered a trade sale , but unfortunately – or perhaps fortunately for us – the Covid-19 pandemic came along and completely quashed those plans .
“ That opened the door for a potential MBO . With Gary and Tony already on the board , they were approached to coordinate an internal management team . So , the five of us sat down and proposed our leadership plan in January 2022 , and after months of contact with various investors and lenders , we finally took over earlier this year .
“ It ’ s been a roller coaster to say the least ,” Nick reflects . “ There ’ s been inevitable difficulties and we ’ ve had to navigate changes in the market . However , we ’ ve managed to increase our existing revenue , as well as
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