BGF and other investors have sold Woodall Nicholson Holdings Limited to Rutland Partners

Woodall Nicholson, based in Westhoughton, UK, is Europe’s leading designer and manufacturer of specialist vehicles with recognised leading marques. With nine production facilities and servicing eight individual businesses, Woodall Nicholson is at the forefront of European specialist vehicles manufacturing. The group comprises: Coleman Milne and Binz, which are Europe’s leading providers of ceremonial vehicles; Mellor and Treka, which are UK’s leading manufacturers of small low floor buses; Coleman Milne Specialist Vehicles, which is active in vehicle conversions for police, fire and specialist ambulances; VCS, which specialises in front line accident and emergency vehicles and JM Engineering & Promech Solutions, which specialises in engineering and fabrication businesses. Woodall Nicholson represents an exciting prospect for Rutland to invest in a scale UK business with market leading brands and differentiated products across three divisions, each well positioned to take advantage of changing market dynamics, providing opportunities for continued market share growth with increased UK penetration and further development of selected international markets.

Lincoln International acted as the exclusive financial advisor for Woodall Nicholson, working closely with the management team and shareholders. The competitive auction process leveraged the depth of experience in the specialist vehicle segment and leveraged both the M&A and Debt Advisory Group in managing all aspects of the preparatory, marketing, negotiation, capital raising and due diligence phases of the transaction.

Phillip McCreanor, Managing Director and head of the UK Industrials Group at Lincoln International, commented, “We are delighted to have advised the Woodall Nicholson management team and shareholders on this transaction. We believe that the partnership between Woodall Nicholson and Rutland Partners will create tremendous value and enable the business to take advantage of the significant market opportunities in its next stage of development.”

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