Connect changes ownership
Connect Communications has changed ownership following a management buy-out by Andy Sawford, Sarah King and Laura Blake. The following public statement has been issued:
“Gill Morris and the management team of Connect are pleased to announce exciting new plans for growth and a transition to a management buy-out. Gill has been the majority shareholder and head of Connect since she led the MBO in 1997 to purchase it from Omnicom. Over the last year and in her role as Executive Chairman, Gill has focussed on building a new brand, DevoConnect, to deliver public affairs and communications services in the devolved nations and in response to the devolution revolution. She has succeeded in building a network of the top communications consultants across the UK and establishing our reputation and capability outside Westminster. We are therefore delighted that DevoConnect will become an independent company, as she hands the ownership of Connect on to the current management team.
The MBO team has been formed by CEO Andy Sawford and Directors’ Sarah King and Laura Blake. They have purchased 100% of the shareholding and ownership of Connect.”
Following the announcement, Andy Sawford, commented:
“Sarah, Laura and I have formed a partnership to take Connect forward. Together we have over 25 years of service at Connect and we are committed to maintaining the ethos, values and dedication to our clients that has made Connect an award winning company. We want to personally assure all clients that there will be continuity of service and that our brilliant staff team are focused on delivering results”.
Read how PR Week reported the news here: Connect announces change of ownership