£35m holiday home manufacturer takes on MBO

Andrew Innes, managing director of Atlas Leisure Homes Ltd, has announced the sale of the business, Atlas Leisure Homes, to the management buyout team.

The sum has not been revealed. The private limited company founded by the three current shareholders, Andrew Innes, Bruce Harry and Barry Pattison in 2009 have disposed of 100 per cent of the company’s shareholding to the MBO team.

The business will continue trading as Atlas Leisure Homes under the new management team consisting of Steven McGawn, Colin Jeffery and Philip Spark. Andrew Innes will remain engaged with the business for a period of 12 months as a consultant to the new MBO team.

Andy Innes, one of Atlas’ founding shareholders, said: “For over 30 years, Atlas has been built on strong values and grown a reputation as one of the leaders in our sector.

“We’re proud to leave the business in the safe hands of a management team which knows and understands it, and will continue to deliver first class products and first-class service to our loyal base of customers.”

The new management team, supported by HSBC, Mazars, BDO and Gately Plc in the transaction will continue with Atlas Leisure Homes’ strategy of continually developing its quality product range and steadily growing its business.

Plus, with the introduction of lean manufacturing techniques and new technologies driving efficiencies they plan to relocate in the future to a new manufacturing facility on the recently acquired former Birds Eye site.

Phil Spark added: “This is the next chapter in the history of Atlas Leisure Homes and will provide every employee with the opportunity to thrive and grow the business we all know and hold close to our hearts.

“It’s about looking after each other and doing the right thing for the business.”