Buyout at education services firm MGL
LIVERPOOL-based education company MGL has undergone a management buy-out led by operations director Carl Gilbertson.
The buy-out, for an undisclosed sum, sees the firm’s founder and chief executive John Mann stepping down from the business and the appointment of Phillip Ramsey as a director. Mann set up MGL in 1999 and it employs around 100 staff at its Edge Lane headquarters.
The firm provides technology equipment, management information systems, curriculum services, and consultancy support to school leaders. It also sells CCTV systems and insurances services. In the year to October 2010, it had a turnover of just under £5m.
Gilbertson said: “MGL has an established reputation in education services and is at an exciting stage of growth and development. We are looking forward to growing the business further and strengthening our position as a national provider of education services.
“Growth over the last year can be attributed to our increasing number of partnerships with organisations such as Apple and in part to the introduction of the MGL Academy which provides schools with access to professional, creative practitioners in subjects including digital music, drama and journalism.”
The MGL management team expects to double turnover over the next four years and create 50 new jobs.
Mann was advised on the sale by law firm Hill Dickinson and the management team was advised by DWF.
