Insights

Benchmark International Completes the Sale of Knowles Associates - Total Fleet Management Limited and Ensure UK Limited, to an EOT

June 26, 2020

Benchmark International is delighted to announce the successful sale of Essex-based Knowles Associates and Ensure UK, to an employee ownership trust (EOT).

Established in 1990, Knowles Associates is a fleet management provider, implementing company car schemes for the NHS and public sector clients UK-wide.

The transition also included the acquisition of Ensure UK, providers of fleet insurance mediation and accident management services.

Founder Colin Knowles has transferred 100 per cent ownership of the company to its 54 staff.

The acquisition aims to secure a sustainable future for the business and retain its independent status which has been a major factor in Knowles Associates’ success.

Providing employees with a stake in the company also aims to further strengthen staff commitment, enhance performance and boost innovation.

Colin Knowles said: "Having considered all options for the future of the business, empowering our employees and directly involving them in the company’s growth was the next logical step in our evolution.

"Establishing an EOT means Knowles Associates can maintain its all-important independence and, therefore, its impartiality and strong values, whilst creating the opportunity to pass the company on to the next generation of business talent."

 

WE ARE READY WHEN YOU ARE

Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.

Americas: Sam Smoot at +1 (813) 898 2350 / [email protected]

Europe: Michael Lawrie at +44 (0) 161 359 4400 / [email protected]

Africa: Anthony McCardle at +27 21 300 2055 / [email protected] 

 

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled transactions across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network, as well as the #1 Sell-side Privately Owned M&A Advisor in the World by PitchBook’s and LSEG's Global League Tables.

The content provided by Benchmark International, including articles, blog posts, videos, and other media, is for general informational purposes only and does not constitute legal, financial, investment, or business advice. While we strive for accuracy, the information may be based on third-party sources, market trends, and evolving industry data that are not independently verified or guaranteed to be current or complete. Any opinions expressed are those of the authors and do not necessarily reflect the views of Benchmark International. Market trends, forecasts, and forward-looking statements are inherently uncertain and subject to change. Nothing in our content should be relied upon as a substitute for personalized advice from qualified professionals. Benchmark International disclaims all liability for any loss or damage resulting from reliance on this content. Always consult with appropriate experts before making business decisions.

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