Quattro Group Announce Management Buyout
Quattro Group is delighted to announce that the organisation has been bought by its management team.
The team is led by Finance Director David Callé, assumes the role of Chief Executive Officer. Previous owner John Murphy has retained a significant stake in the business and has taken over as Executive Chairman.
Quattro Group was founded by John Murphy in 1989 and has since grown into a £40m business. As the leading supplier of operated road rail plant in the UK and one of the largest operators of environmental machines, Quattro Group is a significant force in the UK plant industry.
Commenting on the buyout, John Murphy said:
‘Having built the business over the past 24 years, the time is right to further its development by passing control to the management team. Over the past five years, this team have helped develop the business into the leading RRV provider in the country and they are perfectly placed to continue driving it forward.’
‘The buyout is all about maintaining the momentum of the organisation, and my new role as Executive Chairman means I will remain involved as the management team take Quattro Group on to the next phase of its development.’
New CEO David Callé has been involved with Quattro Group since delivering the acquisition of BCL Rail Plant in July 2008, a move that doubled the then size of the organisation. In May 2009 David formally joined the Board as Finance Director, where he has continued to work closely with John and the management team. Together, they have continued to build the business to its current position.
Regarding the future of Quattro Group, David said:
‘This buyout is about continuity. The evolution of Quattro Group began five years ago with the acquisition of BCL Rail Plant and the business has developed every year since. We are delighted that John is remaining involved with the business and excited by the opportunities that we have to build on the strong platforms he has created.’
‘We have some very interesting ideas for the future. We plan to continue to grow the organisation, developing and improving existing services and maintaining our position as a leading provider of transport infrastructure support services. We have a great team in place, and everyone within the organisation is dedicated to excellent customer service, so I really feel this is a hugely exciting time for Quattro Group.’