Greenaway Scott advise on Cardiff CCTV distributor acquired in management buyout
Wednesday 29th June 2016
Greenaway Scott recently advised on the acquisition of Cardiff-based electronic and video surveillance distributor DVS Limited via a management buy-out.
DVS was formed in 2003 and has established itself as one of Europe's most successful multi-brand distributors of electronic surveillance products.
It is the largest independent CCTV distributor in the UK and the largest distributor of Hikvision surveillance products in Europe.
The company has quadrupled in size over the last four years and is predicted to turnover £22 million for the 2015/16 financial year. Last year DVS moved to a new 21,000 sq ft headquarters on Vanguard Way, and was named Fastest Growing B2B Company at the Wales Fast Growth 50 Awards 2015.
Greenaway Scott advised the buyers in the acquisition.Tim Goodson, who is now Managing Director said: "This is an exciting time for DVS as our sustained growth has allowed us to attract new customers, improve our offer to existing customers and develop our training and support services".
Speaking of Greenaway Scott he continued "The team at DVS have been hugely impressed with the speed, quality and commercial awareness of our advisors at Greenaway Scott. We were also impressed throughout with the strength of their team and the availability of resource. We are delighted to complete the MBO and would like to say thank you to Greenaway Scott for working with us throughout the project".
Nigel Greenaway, Corporate Director at Greenaway Scott, commented "we were delighted to advise on the acquisition and pleased to secure a favourable deal for all parties. DVS has impressive growth plans and following the management buy-out we look forward to seeing these plans brought to fruition".
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