Nectere announces management buyout

Established over 30 years ago by the founders Paul and Serena Musgrove, the business is a provider of business services to its dealer network across the UK and Ireland. Paul and Serena have now taken the opportunity to hand over the business to the management team and will retire from the business while continuing to support Nectere as consultants.

Paul said, “the MBO has been carefully structured to secure the future of the business and allows Serena and me to focus on our health.”

Serena said, “we’re very proud of the business and team we’ve built over the past thirty years, and whilst it’s an emotional time for Paul and I, we know that the team and the company will go from strength to strength.”

The Nectere board, Mike O’Reilly, Heema Naik, and Andrea Eli, together with Steve Harrop demonstrate the breadth and experience needed to deliver ongoing growth for the business and its dealers.

Mike said, "it’s incredibly exciting to be in a position of strength having navigated the pandemic, and we now have everything in place to provide our dealers and suppliers with the best opportunities for a prosperous future.

Heema added, "Paul and Serena have laid the foundations of the Nectere model which is incredibly unique and we’re excited to develop it for the future.”