Vantastec, a leading supplier and conversion specialist of refrigerated and temperature-controlled vehicles, has completed an Employee Ownership buyout, which sees its staff become majority shareholders of the business. The deal was structured and advised on by the GS Verde Group.
Vantastec was first set up by Directors Colin Smith and Gareth Edwards in 2006, it has earned an impeccable reputation as the go-to supplier for specialist vehicle conversion in the past 13 years.
Director Gareth Edwards said: "Colin and I saw a gap in the market and have since developed Vantastec to become the UK's leading provider of temperature-controlled vehicles. We pride ourselves on our quality, building vans that stand the test of time. Our team has been central to our success so we were keen to ensure that they have the opportunity to share in our future growth."
The transaction signifies Vantastec's commitment to employee engagement by actively involving its staff in shaping the company's strategic trajectory and contributing to the development of its future initiatives.
GS Verde Group's multidiscipline team supported the transaction throughout.
Employee Ownership brings several benefits for the employees, the exiting or selling shareholders, and the company itself.
Find out more about EOTs here.
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