‘Once in a lifetime’ MBO at Harrogate airport advertiser
Managing Director Rachel Davis has spearheaded a management buyout at Harrogate airport advertising specialist, Eye Airports.
The business manages advertising space at 17 regional airports across the UK. It was formed by AdGroup founder Andrew Walker 11 years ago. Mr Walker will remain on as non-Executive Chairman.
Ms Davis has acquired the bulk of the shares along with her management team.
As part of an Employee Benefit Trust, shares have also been allocated to employees who have clocked up two years at the business.
“This is a once-in-a-lifetime opportunity for me and the team and we’re looking forward to driving further growth. I’m immensely proud that other long-standing employees of the company are becoming shareholders too,” said Ms Davis.
She added: “This gives the best incentive possible to work together and take the company from strength to strength.”