GIL has disposed of its investment in Road Transport Media, is a leading provider of specialist information and media services for the road freight industry and commercial vehicle sector in the UK. Its portfolio includes long-established print titles Commercial Motor, Motor Transport, and Truck & Driver, as well as a number of industry leading events and a growing portfolio of digital media assets and data related services.
GIL backed the Managing Director, Andy Salter, to lead a management buyout of RTM in 2011. Since acquisition GIL has supported the business in its development, both organically and through acquisitions.
Richard Banham, Investment Director at GIL who led the RTM transaction, said:
“We were originally attracted to RTM by its niche position as a trusted and leading provider of high quality content and events for its market sector, and the strength of the management team. We are very pleased with the performance of the business under our ownership and are confident that DVV’s own aspirations for the business will be positive both for customers and employees alike.”
Managing Director Andy Salter said:
“Since the acquisition in 2011 GIL has been a very supportive investor in RTM with whom we have very much enjoyed working. They have guided and supported us through the original buyout, subsequent acquisitions, and the sale process and their no nonsense, straightforward approach has been a key enabler in our ability to drive growth and profitability in RTM since they acquired us in 2011. I would strongly recommend GIL to other management teams who are considering leading their own buyouts or making acquisitions. We are very excited about the future for RTM and look forward to working with DVV in developing the business further.”
GIL and other shareholders were supported by Harrison Clark Rickerbys Solicitors who provided legal advice.