Multi-site repair business, AD Williams has received a multi-million-pound investment from BGF.
The funding will be used for the partial realisation of shareholder value and to facilitate the long-term growth of the group.
As part of the deal, Laurence Vaughan, has been appointed as non-executive chair at AD Williams. Vaughan helped build the Sytner Group – the largest car retailer in the UK – from one to over 140 sites.
Stuart Bacchus, CEO of AD Williams, said: “We are absolutely thrilled to have gained the backing of BGF. We’ve grown rapidly over the last eight years and have done so without any external investment to date. We are tremendously proud of the growth achieved by our team and see the partnership with BGF, and Laurence’s appointment as the natural next stage in our journey.”
Chris Jones, investor at BGF, said: “This deal represents an exciting opportunity to back a leading operator with a track record of successful growth in a specialised and highly fragmented market. We were impressed by the entrepreneurial yet professional nature of the management team and the services on offer. The business has the potential to extend its position as one of the leading networks in the UK.”
Founded in 2013 by CEO Stuart Bacchus, AD Williams is an owner-managed business with 14 sites in the Southeast of England. The business currently employs 250 people across its network. In the last eight years, AD Williams has grown to over £30 million revenue a year.
