Universal AV, one of the leading integrators and live event providers of audio visual solutions to the corporate, education, public sectors is proud to announce that Nick Fitzpatrick (Managing Director Universal AV), Jon Eden (Director Universal Live), Andy Robinson (Financial Director) and Kirsty Waine (Managing Director Universal Live), have led a management buy-out of the business.
The acquisition was finalised on January 13th 2016. Universal AV and Universal Live have been acquired by a new holding company, Universal Group Holdings, controlled by the existing management team. The acquisition includes the company’s headquarters in Bradford as well as the offices in Cardiff, Manchester, Newcastle, Rossendale and Rugby, all staff, assets and order book.
The businesses have enjoyed a highly successful (albeit on different paths) periods of growth since inception 25 years ago. This transaction has provided the company with an appropriate structure to facilitate the change of ownership and will help to support the management team’s future integrated growth strategy and plans. Ensuring the two company’s work much closer together, providing clients with a full solution from interactive meeting room installations through to the event management of AGM’s and Product launches for clients in the FTSE100.
Nick Fitzpatrick, Managing Director for Universal AV comments: “We have some ambitious growth plans in place for the companies. In the industry we are renowned for our integration and installation services, however we truly see ourselves as a double threat! We have one of the largest fleet of Panasonic projectors throughout the UK, for use in Live events. Combined Universal is a true force to reckon with.”
Kirsty Waine, Managing Director, Universal Live continues: “We see the management buyout as an exciting opportunity to collaborate and explore our joint customer base. Universal as a group has a strong team and service offering which we aim to develop.”
Nick concluded; “We are delighted to have reached an agreement with the previous owner and founder of Universal. We would also like to take this opportunity to thank our employees, clients, distributors, partners, subcontractors and suppliers for their loyalty over the past 25 years, and long may this continue.”
(pic: Nick Fitzpatrick)