The Total Vehicle Solutions (TVS) Group, a creation of Elaghmore Partners LLP, the UK-focused private equity firm has acquired the maker of aluminium bodies for rigid and tipping trailers Wilcox Commercial Vehicles.
The acquired business is operated from a 43000 sq ft factory in Market Deeping and will pursue to be led by Vito Ronzano and Chris Bartlett who have owned and developed Wilcox since 2000.
Vito Ronzano applauded the transaction as a "significant milestone for Wilcox".
"We look forward to offering our clients even more services and products and pooling expertise and resources with other TVS Group companies," he added.
"Chris Bartlett and I would like to thank the whole team at Wilcox for their continued hard work and dedication, especially over the last year, which has seen us continue to deliver for customers to the highest standard, despite the challenges of the pandemic."
Craig Harris, Executive Chairman of TVS Group, said: "Wilcox brings another leading UK specialist manufacturing firm into TVS Group. It gives me great pleasure to welcome the highly skilled team led by Vito and Chris, who has led the business from strength to strength in recent years.”
"We have had the pleasure of working with Wilcox on a number of occasions and know how highly regarded the business is in the industry. Wilcox will expand our customer offer as we continue to build the TVS Group as the leading player in providing manufacturing solutions to the commercial and industrial vehicle industry in the UK and Europe."
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