In our latest deal, a management buyout (MBO) has been completed at a North Yorkshire fuel oil supplier.
Kettlewell Fuels, near Ripon, supplies domestic heating oil, agricultural gas oil and commercial DERV to homes, farms and businesses across the North Yorkshire area.
Since 1996, the company has been managed by Janet and Trevor Kettlewell. The buyout, MBO now sees the husband and wife team take ownership outright from the Kettlewell family, which also owns other family businesses.
David Strachan, partner in our corporate team lead on the deal and said: “My colleague Lucy Holroyd and I were also delighted to advise on this significant development for Kettlewell Fuels, and we wish the company every success in future.”
Janet Kettlewell has retained responsibility for the operational and customer service side of the business, while Trevor Kettlewell will carry on managing the fleet and delivery logistics.
They have been joined on the board by John Skinner, who was previously a finance director and company secretary.
Janet Kettlewell said: “Kettlewell Fuels is more than just a business to us. Taking sole control means we will be in a position to focus our energies on offering our customers a service that suits their changing needs whilst ensuring they continue to receive the outstanding level of service that has enabled us to grow the business.
“Our relationship with the other Kettlewell companies, Kettlewell Commercials and M Kettlewell (Melmerby), will continue and we’re really looking forward to exciting times ahead.”
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