Video surveillance distributor DVS Ltd has been acquired in a management buy-out supported by a finance package from HSBC. Tim Goodson (who joined DVS last November as finance director) led the deal for the Cardiff-based company, which is the UK’s largest independent CCTV distributor. Goodson was supported by Gavin Dunleavy.
As a result of the buy-out, Goodson will now become managing director while Gavin Dunleavy takes on the role of strategic sales director. According to a company statement, the business is in the process of recruiting a finance controller to further strengthen the management team.
Shaun Bowie and sales director Scott Douglas acted as vendors for the deal. Both will retain a minority share in the business, with Douglas continuing in his current role as sales director and Bowie in a consultancy capacity.