Sons of ETL founders’ complete management buyout

AMFeb20News - etl
AMFeb20News - etl

Long-established electronics manufacturer Electronic Technicians Ltd (ETL) has been acquired in a management buyout with a difference.

The Ferndown-based company, which was established in 1984, has been sold by founders Ken Crook and Pip Arnold – to their sons.

Managing director Stuart Crook and sales director James Arnold are now at the helm of the multi-million-pound turnover company which boasts national and international customers. The company styles itself as ‘a total solution contract electronic manufacturer’ and operates from its own 12,000ft2 facility on Ferndown Industrial Estate.

“It is very much business as usual here as both James and I have been with the company for many years and know it inside out,” stated Stuart Crook. “We see this very much as a positive change, a natural progression keeping the business in the family and securing its future for years ahead. We are looking for steady growth as we expand and modernise the business moving forward, offering an even more professional approach.”

“We are very much focused on customer satisfaction,” said James Arnold. “We intend to continue to invest heavily in equipment, business tools, services and people, particularly with regard to apprenticeships. We offer a uniquely flexible approach to manufacture, based entirely on quality products and service, and we treat all customers, large or small, in exactly the same way throughout the process.”

The third member of the management team is operations director, Phil Scantlebury.

Ken Crook said: “It is great that the boys are carrying on the business because they know it so well and it keeps ETL as a family business. This progression deal secures the company’s future – it’s 36 years now so let’s hope for another 36.”

Pip Arnold added: “Technology has moved on an awful lot since Ken and I founded the business, but we keep up with it. The boys are stepping up to the plate and it is right for us to step back and for them to take over.”

South West accountancy firm PKF Francis Clark advised on the buyout with law firm Frettens, of Christchurch and Ringwood, advising on the legal aspects of the buyout.

Ken and Pip will be still involved with the business as advisors, their experience ready to be called upon when required.

https://etluk.co.uk

Related Articles

Phenna Group completes management buyout

Phenna Group, an international testing, inspection, certification and compliance (TICC) company, headquartered in Nottingham, England has announced the completion of a management buyout from Academy Association Inc., supported by a debt placement by CVC Credit Partners.
2 years ago News

Brookhouse Aerospace announces Kaman MBO

Brookhouse Aerospace has announced the completion of a management buyout (MBO) of Kaman Corporation on 3rd February 2021, led by Group CEO, Christopher Morris, and Group CFO Matthew Rossiter. The MBO is supported by UK-based private equity investors.
7 months ago News
Most recent Articles

Aerospace conference embraces carbon-free flight

Farnborough Aerospace Consortium’s annual conference at the Berystede Hotel and Spa in Ascot on November 25th was the first face-to-face even since the start of the pandemic and it was a great success with nearly 100 delegates from across the region.
1 day ago News

Login / Sign up