The Total Vehicle Solutions (TVS) Group, which consists of three of the UK’s leading specialist manufacturing firms that deliver solutions for the commercial and industrial vehicle industry, is delighted to announce the appointment of Andrew Hodgson OBE as its first Chairman.
Andrew brings a wealth of industry knowledge to the TVS Group, with more than 20 years’ experience in strategic-level positions for leading companies such as British Steel, Airbus and BAE Systems. He has also held CEO positions at Soil Machine Dynamics (SMD) and Atlantic Superconnection LLP from 2008 to 2017. Andrew is Chairman of Recycling Lives Ltd, former Chairman of Avid Ltd and owner of the consulting business Northern Value Ltd, which he founded in 2008. Awarded an OBE for Services to Manufacturing as well as three Queens Awards for Industry, Andrew was named the North East Business Executive of the Year in 2012.
As Chairman, Andrew will work with the management of TVS Group as it embarks on the next exciting stage of its growth. Plans include additional acquisitions that expand the Group’s offer to its customers, such as alternative fuels and refrigerated bodies, and its reach, including the potential purchase of international companies.
Created by UK private equity fund, Elaghmore in August 2019, the Group combines three of the UK’s leading specialist manufacturing firms, SB Components, Priden Engineering and McPhee Mixers. All three businesses deliver solutions for the commercial and industrial vehicle industry. The TVS Group has annualised revenues of more than £50 million, employs more than 350 people, and operates across four sites in the UK. Elaghmore provides financial and management support to the companies.
Andrew Hodgson, Chairman, TVS Group, said: “The combination of three of UK’s leading specialist manufacturing firms, means I believe the TVS Group has an exciting future. I look forward to working the management team to develop further the ‘one-stop’ shop offering of high-quality, cost-effective products and services provided to our customers, both organically, and through acquisition. Despite the challenges everyone is facing because of Covid-19, the business is in excellent shape, and I am delighted to be joining.”
David Manning, Founding Partner, Elaghmore, added: “Andrew’s ability as a strategic business leader has been recognised through his many industry achievements. His extensive knowledge and expertise will be invaluable in helping to spearhead the Group’s continued development. Despite the issues that Covid-19 has caused, the TVS Group has performed well since the Group was established last year. There has been strong demand from the food, distribution, and agricultural industry during the pandemic, and we see orders from other sectors begin to return. As the economy recovers, and the benefits of the Government’s focus on infrastructure investment flow through, we anticipate trading to return to normal within 12 months.”
© Elaghmore Advisor LLP, 2020
Elaghmore Advisory LLP is an Appointed Representative of NCM Fund Services Limited (FRN 183732) which is authorised and regulated by the Financial Conduct Authority
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