The management team at Stage Electrics, the specialist installer, systems integrator, reseller and rental company, has undertaken a management buyout of the business from the estate of former managing director David Whitehead. The MBO was fully supported and agreed by Whitehead prior to his stepping down from the role in May 2012 as a way to position Stage Electrics for future growth and security.
The new shareholders, who combine considerable business experience with a strong knowledge of the entertainment technology industry, are Trevor Smallwood; Dan Aldridge; Bob Smith; James Irvine; Anna Western; Adam Blaxill; Adrian Searle; and Ian Tregaskis.
Trevor Smallwood will continue as chairman of the board, and the company's executive directors 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.”
Founded in by David Whitehead (who passed away in February 2013) and Maurice Marshal, Stage Electrics is a £30 million turnover operation, with over 225 staff, 10 sales offices and operating hubs in London, Bristol, Tyneside and Dubai.