msm.jpgThere is a distinct air of excitement and expectation at Mitsubishi Forklift Trucks dealer MSM/DRH Ltd, following the announcement of a management buyout and a funding package to expand and develop the business. The four new directors, all long-term employees of the company, have received strong support from The Royal Bank of Scotland for their plans to maximise its potential -building on what they know to be a very sound business with capable staff and a loyal customer base.

Each director now has a 25% share in MSM, which has been the authorised Mitsubishi dealer for the Hereford, Worcester and Gloucester area since 1997. They are Alan Barnes (Managing Director), Christine Waring (Finance Director), Kevin Ratcliffe (Service Director – Tail Lift) and Dean Tandy (Service Director – Fork Lift).

A key part of their strategy will be to increase their engineering and servicing staff, whose work is vital in providing the customer care for which MSM is renowned. At the same time, they will be implementing plans for expansion of their sales operation into new markets.

Speaking on behalf of the new management team, Alan Barnes says: “There is a great opportunity for us now to take this company to a whole new level. To do this we needed to find a financial partner who could share in our vision for the company. We are pleased to have concluded our negotiations with RBS, who have been keen to understand our strategy and put in place funding specifically designed to support what we want to achieve.

Danielle Oliver, Manager, Commercial Banking at RBS, who led the bank’s deal team, adds: “This is an exciting time for Alan and his fellow directors, who have demonstrated to us a clear process for how they want to take the company forward. It is key at this stage in a company’s development to ensure that the right financial instruments are put in place to support the requirements of the management team. That is why it is important to have a clear and open dialogue with your funding partner. This is what we have achieved with MSM, and we have put in place a facility to grow with their needs over the next few years.

Congratulating the four new MSM directors, Terry Foreman, General Manager of Mitsubishi Forklift Trucks UK, says: “MSM/DRH has always been a good company, with a fine reputation for customer service, and the new management team has everything it needs to take the company further. As part of our strong UK dealer network they can count on Mitsubishi to support them all the way.

MSM
Tel: 01684 564792/568487
Email sales@msmdrh.eclipse.co.uk

Mitsubishi Forklift Trucks
Tel: 0118 988 0221
Email: info@mitsubishi-forklift.co.uk
www.mitsubishi-forklift.co.uk

Comments are closed.