RVE is delighted to announce our latest deal. RVE has successfully advised on the sale of Huxley Golf, a UK-based, International supplier of all-weather surfaces for golf, to an Employee Ownership Trust (EOT).
A family-owned and run business, Huxley Golf are proud to have supplied and installed their All-Weather Surfaces for Golf, for some of the Worlds’ most famous Golf Courses including Wentworth, Carnoustie, St. Andrews, Sunningdale, Royal St. Georges, The Celtic Manor, Royal Portrush, Gleneagles, the Els Club (Dubai) and Royal Troon. Additionally, 10 Major Championship winners and more than 50 European Tour and LPGA Tour Professionals have had Huxley All-Weather Greens installed at home for practice.
The founders of the business considered various exit options with RVE before deciding that a sale to an EOT represented the best outcome for all the stakeholders in the business.
The deal transacted during the UK’s Covid-19 lockdown and demonstrates that a business sale to an EOT is still possible, even in unsettled economic times. Indeed, RVE has completed on five such transactions since March, for companies across a range of sectors and sizes.