Trek Group swoops for vehicle conversion firm in £4.8m deal
The Sheffield-based firm bought the business, based in Belton, North Lincolnshire, in a £4.8m deal after its parent company Cartwright Group went into administration.
Cartwright, which converts vehicles into ambulances as well as police, security and fire vehicles, will be called Cartwright Vehicle Conversions. It will be led by Cartwright Conversions’ managing director Steve Shaw.
Tom Janion, managing director of Trek Group, said: “I have been looking for some time to make a significant acquisition in the commercial vehicle and emergency services market, and to have secured the market leader really gives us the platform to realise our ambition.
“I feel very privileged to be able to support such a fantastic company that Steve Shaw and his team have grown. This now makes Trek Group a major player in the commercial vehicle and emergency services market.”
He added: “With the investment we are making in Cartwright Vehicle Conversions we will be able to develop new innovations that make a real difference to our customers.”
Cartright Conversions is also a key player in the mobility and wheelchair accessible vehicle market and has established a commercial division converting welfare units, support vehicles and mobile banking units.
The business is also a key player in the ambulance hire market and a supplier to the NHS.
Mr Shaw said: “I would like to thank the customer base for their incredible support through the last few weeks.”
He added: “The support has been overwhelming and it is a testament to the strength of relationship and the quality products we produce.
“It is fantastic to be able to give security to all our employees and thank them for their dedication and loyalty over these difficult few weeks.
“I look forward to working with Tom, his enthusiasm and investment will allow me to take this business to the next level.”
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