Woodall Nicholson Group has been acquired by a partnership of three Manchester-based investors. Woodall Nicholson Group was established in the 1820's and is considered to be UK's longest established coach-building enterprise. Back then, it dedicated its resources in the construction of 19th-century style horse-drawn carriages. RooGreen Ventures, Enterprise Ventures and Mosaic Private Equity were the trio of investment firms that bought out the coach-building firm.
Today, the firm builds and sells specialist vehicles, buses, and hearses under the Mellor Coachcraft, Mellor Vancraft, and Coleman Milne brand names. As part of the acquisition package, the current the group sales director, Geoff Hudson, will become managing director. Mr. Hudson has been with the company for no less than three decades.
"We have been tracking this business for some time now and as soon as the opportunity opened up we contacted Brian, given our friendship and positive experience with him in the sector. We are delighted to have brought together an innovative funding model and a high calibre team of managers and investors to complete the deal. This speaks volumes for the quality of the Woodall Nicholson business and reinforces our mantra that it's not just the money, but the people that make the difference," a representative of the investing consortium said.
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