S3 Advertising has been acquired by its senior management team for an undisclosed fee, a move which has seen the departure of founder and chief executive Matt Jones.
Commercial director, Mike Webb; senior client account director, Rebecca Campbell; HR director, Mel Matthews and finance director, Louise Evans have acquired the business from Jones, in a deal part-funded by SME investment specialists Caple.
S3 Advertising, which counts University of South Wales, Airbus, NHS Wales, and Deliveroo among its clients, recently reported an increase in annual turnover from £4.43m between 2016-17 to £6.6m between 2017-18, up 48.98%.
“Selling via an MBO to my team, the Read full story ›
Source: The Drum
Industry News