SPS today announces the completion of a ?7.25m management buy-out from the 4imprint Group, following the successful turnaround of the company.

The buy-out is led by the SPS Senior Management Team, comprising Phil Morgan (CEO), Sharon Brownley (Finance Director), Diane Anderton (Sales and Marketing Director) and Richard Wildsmith (Operations Director). The team has received financial backing from Maven Capital Partners, one of the UK’s leading investors in small businesses.

SPS is a market-leading supplier in the promotional merchandise market, with over twenty years’ operating history. The company has experienced excellent growth in both turnover and profit over recent years. This growth stems largely from the company’s focus on new UK product development, innovative product sourcing, investment in new branding technology and a commitment to operational and service excellence.

Phil Morgan, CEO, comments: “Today’s announcement is excellent news. SPS has shown outstanding performance over recent years, transforming the profile of the business. We have a professional, dedicated and innovative team who are passionate about the success of the company. With an exciting five year business plan in place, we are delighted to have the strong financial support of Maven Capital Partners. We are confident that SPS is in a fantastic position for continued growth in the promotional merchandise market, with ongoing innovation and development across the whole business.”

Ryan Bevington, Investment Director at Maven, said: “The team at SPS have delivered strong growth in a fairly benign market over recent years, and they have continued to invest in new product development and manufacturing ability over that period. We were very impressed with the management team and their growth strategy for the business, and we are confident that they will continue to drive the business forward successfully.”

For further comment on this announcement, please contact:
Phil Morgan: phil.morgan@spseu.com 01253 340752
Diane Anderton: diane.anderton@spseu.com 01253 340779

Published on: January 1st, 1970