Gloucestershire-based kitchen worktop retailer Direct Online Services (DOS) will continue its growth under new ownership after it was acquired by Broadview Holding in a deal supported by Harrison Clark Rickerbys.
The company, founded by father and son Martyn and Will Rees in 2009, sells direct to customers across the UK and Europe, with a number of brands including Worktop Express. Its turnover has grown since 2016 from £22m to £37m, following investment by BGF, who have now exited.
Rich Wilkey, Rachael Reeves, Louisa Leach and Hannah Maidment from Harrison Clark Rickerbys worked on the deal. Rich said: “DOS have been clients for some time and we’re delighted to see their growth continue in this way. This is a great outcome for them after a period of investment and development – we wish them every success.”
DOS Chief executive Jon Shepherd said: “This is a very pleasing result for all shareholders and one that we have been working collaboratively to achieve. We are now pleased to be continuing our growth strategy with Broadview.
“The past month has been unsettling for all retailers, but our strong ecommerce platform has ensured that we’ve been able to continue to generate sales and demonstrate the robustness and resilience of the business model.”