The MBO, which includes large-format graphics company Psycho Peacock, sees the contractor group’s ownership transferred from founder Steve Barratt to the new management team (pictured).
Barratt, also the former founding chair of ESSA said: “It’s a surreal thing to be writing the quote you’ve been imagining for 30 years, but no matter what you try to plan, the reality will always surprise you. What I never expected was to be passing ownership to a leadership team that has the exact same ethos that Helenya and I talked about right from the very beginning. This means a lot to both of us. Full Circle has always been about the people – the events industry is, at its core, the people industry – and I’m thrilled to know that this foundational value will continue with such a well-loved and tightly-knit team.”
Over the last five years, Full Circle has played a significant role in stabilising the event supplier landscape during a crucial time. Through strategic investments, the group shored up stock, preserved jobs and strengthened its leadership team.
Managing director Steve Comar said: “It’s easy to imagine investing during times of great uncertainty, but it’s a very different thing altogether to actually do it. We did it. It changed us as a business and it bonded us as a team. The UK industry is now moving forward at pace, and Full Circle is moving right alongside it.”
The MBO sets the stage for continued growth and innovation and both companies were keen to stress a single-minded focus on attracting great people who resonate with its people-powered ethos:
“The company is firmly focussed on bringing out the best in its teams, clients, and events and channelling all of that distinctive Mancunian energy into supporting the industry we love,” concluded Comar.
https://exhibitionnews.uk/full-circle-and-psycho-peacock-complete-management-buyout/
