Latest News

Omar Group Limited receives investment from Rutland Partners

Omar Group Limited (“Omar Group”), Britain's premier park home and luxury lodge manufacturer, is delighted to announce a significant investment in the business from Rutland Partners (“Rutland”), a London-based private equity firm. The investment will be used to fund further expansion in the growing park home and lodge sector.

Under the leadership of Dean Westmoreland, Omar Group has more than doubled sales over the past three years and created over 250 new jobs. The business has built a cohesive value proposition to the sector and encompasses four distinct and respected brands: Omar Park & Leisure Homes, Wessex Unique Lodges & Park Homes, Omar Park Development Services (OPDS) and Boutique Lodges, Holidays by Omar.

In conjunction with the transaction, Paul Pleszko will retire as Chairman after 40 years with the business. Paul Pleszko commented: “Omar has been an enormous part of my life for as long as I can remember and I was honoured to replace my father as Chairman 28 years ago. I am very proud of our achievements in recent years and will be keeping a close association with the business. I wish Dean and the team at Omar all the very best for the future”.

Group Chief Executive, Dean Westmoreland, continues to head the business along with an experienced senior management team who, with the support of Rutland Partners, will continue to pursue further organic and inorganic growth initiatives. Dean Westmoreland commented: “We are all very excited as we enter the next stage in Omar Group’s growth strategy; we are now better placed than ever to continue our expansion in this exciting and dynamic market. Our luxury holiday lodges offer an aspirational experience for the UK holiday market, and our park homes offer much needed, single-storey, age-appropriate accommodation for the over 50’s looking to downsize. I look forward to leading the group in the next stage of its development and have no doubt that we, as a business, will benefit from the contribution Rutland Partners will make to our endeavours”.

The funding follows an exciting year for the business during which Omar Group opened a £1.1m factory extension and was named as one of the London Stock Exchange Group’s 1,000 Companies to Inspire (both the Britain and Europe reports). Omar Group was also recently placed at No 45 in the Sunday Times’ 18th annual Profit Track 100 and included in the Financial Times, FT 1000, a special report on the fastest growing companies in Europe.

David Wardrop, Partner at Rutland commented, “We are very excited to have completed our investment in Omar. Omar has a great product offering with a leading reputation for quality, customer service and innovation and is well positioned for future growth. We are backing an excellent management team, led by Dean Westmoreland, who have a proven track record and we look forward to working with them to further develop the business over the coming years”.

Duff & Phelps led by Dafydd Evans acted as financial advisor, Freeths LLP led by Karl Jansen served as legal advisor to Omar Group and Mishcon de Reya provided legal services to Dean Westmoreland and the management team.

Terms of the agreement were not disclosed.

IMG-3628w

 


Other latest news

Omar Image Park Home Exterior

Omar Launch New Models at The World of Park & Leisure Homes Show, Stoneleigh

Date:
Tuesday 18th Jun 2019

Omar has built a reputation for delivering exciting, on-trend new models and keeping their extensive range fresh and up-to-date and they certainly didn’t disappoint at the recent World of Park...

Read more »
Lindholme Fishing Festival May 2019 5

Omar Sponsor Lindholme Lakes Summer Angling Festival

Date:
Thursday 13th Jun 2019

Omar was once again proud to sponsor Lindholme Lakes Country Park for their Summer Angling Festival (27th to 31st May).

Read more »
Omar Group Sales Team

Omar Group Sales Team Expands

Date:
Tuesday 7th May 2019

Omar Group is delighted to announce its sales team has expanded to further strengthen customer relations, old and new! Under the direction of Sales & Design Director, Peter Berwick, new...

Read more »
Omar Sandringham Exterior 2019WEB

Omar Launch 2019 Sandringham Park Home at The World of Park & Leisure Homes Show

Date:
Monday 29th Apr 2019

Omar is delighted to have launched the 2019 Sandringham park home at The World of Park & Leisure Homes Show (South of England) recently to great acclaim.

Read more »