Management buyout for Agility Group

Agility Group has been subject to a management buyout led by managing director Keith Townsend and his long-term partner Jacki Stevenson.

The business operates in two specialist divisions namely, FN50 leasing company Agility Fleet and Agility Risk & Compliance.

The company provides funding to selected leasing brokers as well as a range of services, including fleet management, contract hire, and driver training.

It was co-founded by Townsend in 2004, has annual revenues in excess of £11m and employs 33 staff from its head office in Bromsgrove, Worcestershire.

Following the management buyout, Townsend will take over as group chairman and Stevenson will become group chief operating officer.

Townsend said: “I am delighted to have been able to lead this MBO and take full control of the business I have been running with Jacki for the past 16 years. Jacki was the very first employee of Agility and has worked in several different departments during her time at Agility, helping the business to win multiple awards including the BVRLA’s Unsung Hero Award and FN50’s Customer Service Team of the Year Award.

“As far as our customers, staff and suppliers are concerned, it’s business as usual with our focus remaining on providing exceptionally high levels of customer service unpinned by our core values of Integrity, Enthusiasm and Flexibility. The MBO will allow Agility Fleet to consolidate it’s position as a Top 10 independent leasing company and for Agility Risk and Compliance to continue to expand its range of Health & Safety, Food Safety, Fire Safety and HR training and consultancy services.”

The management buy-out was completed on Wednesday, August 19, 2020.