UK – According to official accounts, the senior management team of SPS has purchased the company for 7.25 mil. British Pounds (approx. 8.72 mil. Euros) from the 4imprint Group in the scope of a management buy-out. The team comprises of Phil Morgan (CEO), Sharon Brownley (Finance Director), Diane Anderton (Sales & Marketing Director) and Richard Wildsmith (Operations Director), the purchase of the company has been financially backed by Maven Capital Partners.
SPS is one of the biggest manufacturers of promotional products in Europe and has been operating on the market successfully for over 20 years. The positive turnover development of the last years has led to strong growth, which laid the foundations for the take-over by the management. Philip Morgan: “ SPS has shown outstanding performance over recent years, transforming the profile of the business. We have a professional, dedicated and innovative team who are passionate about the success of the company. With an exciting five year business plan in place, we are delighted to have the strong financial support of Maven Capital Partners. We are confident that SPS is in a fantastic position for continued growth in the promotional merchandise market, with ongoing innovation and development across the whole business.”