Engage EOT March 2022

RVE Corporate Finance (“RVE”) has advised Engage Technical Solutions Limited (“ETSL”), a fast growing logistics and IT consultancy for the defence sector based in Wiltshire, on its move to employee ownership.

On 14 March 2022 an Employee Ownership Trust (“EOT”) acquired 90% of ETSL from the founder, David Gagen and other family shareholders.

ETSL represents the latest of 16 companies which RVE has helped to move into employee ownership in the last two years, using the EOT model. Womble Bond Dickinson worked alongside RVE providing legal advice on the transaction.

ETSL CEO David Gagen said:

“We are delighted to have worked with RVE and Womble Bond Dickinson to make the Employee Ownership Trust a reality. We couldn’t have done it without the advice, support and technical expertise of our advisory team.”

 Mark Butler at RVE commented:

“We are delighted to have advised Engage Technical Solutions on the transition to employee ownership. The company has performed exceptionally well and has a great future as an employee owned business.”