A Gloucestershire manufacturer of loading bay equipment has completed a management buyout, led by general manager Joshua Hale in a deal advised on by Cardiff-based GS Verde Group.
Dock Solutions, which is based in Cinderford, has a trading history of almost 20 years. The company offers bespoke manufacturing of levellers, lifts, industrial doors and shelters, as well as product maintenance.
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Mr Hale joined the company as an apprentice in 2016 and has since risen through the business. He played a key role in growing Dock Solutions' annual turnover from £2.6m to £4.9m in the space of four-years and the business achieving chartered status in 2020. He has now completed a management buyout of the business.
Under its new management the firm will continue with its growth plans of expanding across the º£½ÇÊÓƵ and opening a Northern depo early next year.
Mr Hale said: "Back in 2016, I had a job paying £5.50 per hour, and as an apprentice I never would have thought I'd be in this position today. It is a great example of how apprenticeships work in certain industries, and I am so excited to take Dock Solutions into the future with our fantastic team at the helm."
In a statement GS Verde said: "GS Verde Group was delighted to support Joshua and Dock Solutions in this exciting new chapter for the business, working with them to achieve an optimal outcome for Dock Solutions' continued success and the new management team's ambitions for the future."
