Stage Electrics announces management buy out

Stage Electrics has announced a management buy out of the business from David Whitehead, who stepped down as managing director in May 2012.

The new shareholders are Trevor Smallwood, Dan Aldridge, Bob Smith, James Irvine, Anna Western, Adam Blaxill, Adrian Searle and Ian Tregaskis.

Under the new ownership structure Trevor Smallwood will continue as chairman of the board and the executive directors of Stage Electrics remain unchanged.

Dan Aldridge commented: “Stage Electrics is in a solid position; we have an order book that is in growth, an experienced team and a strong operation. With a business plan for growth and clearly identified market opportunities there is a strong future ahead of us.

“In order to meet these opportunities I will continue to build my team to ensure we have the best mix of talent and relevant experience to support our strategy. As we enter our next phase of growth I am determined to ensure that Stage Electrics retains the integrity and brand values that it is known for.”