LONDON – Stage Electrics has announced a management buyout of the business from the estate of David Whitehead. Under the new ownership structure Trevor Smallwood will continue as chairman of the board and the executive directors of Stage Electrics will remain unchanged. The new shareholders include industry veterans Trevor Smallwood, Dan Aldridge, Bob Smith, James Irvine, Anna Western, Adam Blaxill, Adrian Searle and Ian Tregaskis.
More details from Stage Electrics (http://www.stage-electrics.co.uk):
LONDON – Stage Electrics has announced a management buy out of the business from the estate of David Whitehead. The Management Buy Out was fully supported and agreed by David Whitehead prior to his stepping down from the role of managing director in May 2012 as a way to position Stage Electrics for future growth and security. Whitehead died in February 2013 from cancer.
The new shareholders combine considerable business experience with a strong knowledge of the entertainment technology industry and are made up of: Trevor Smallwood, Dan Aldridge, Bob Smith, James Irvine, Anna Western, Adam Blaxill, Adrian Searle and Ian Tregaskis.
Under the new ownership structure Trevor Smallwood will continue as chairman of the board and the executive directors of Stage Electrics will remain unchanged.
Dan Aldridge said, “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.”
Stage Electrics is a specialist installer, systems integrator, reseller and rental company offering equipment and services for theatres, education and venues. Originally started in 1979 by David Whitehead and Maurice Marshal, Stage Electrics is now a £30 million turnover operation, with more than 225 staff, 10 sales offices and operating hubs in London, Bristol, Tyneside and Dubai.
