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

TERRYWEBBW1

Terry Scicluna appointed as Non-Executive Director of Omar Group Ltd

Date:
Monday 19th Feb 2018

Omar Group limited is delighted to announce the appointment of Terry Scicluna to the group board as Non-Executive Director.

Read more »
Omar Anniversary Lounge

Omar to feature in new Holiday Village at the Caravan, Camping & Motorhome Show

Date:
Thursday 21st Dec 2017

Omar is looking forward to starting 2018 by exhibiting at the Caravan, Camping & Motorhome Show at the NEC, Birmingham, from 20th to 25th February. Exhibiting in an all-new area, the Holiday Village, three luxury models will be on display: the award winning Anniversary park home; the beautiful and long-standing Colorado park home and the ever-popular 2018 Kingfisher luxury lodge.

Read more »
ClaireTallonWEB

Omar Group Welcome New Retail Sales Manager

Date:
Monday 27th Nov 2017

Omar Group is pleased to announce the appointment of Claire Tallon as Retail Sales Manager. Claire joined the Omar team on Monday 27th November and is responsible for managing retail leads, making introductions between retail customers and parks, helping customers to specify their new park homes and lodges, and ensuring an outstanding customer experience.

Read more »
IMG-4463bWEB

Omar collaborates with Radmiser Lightwaverf to offer smart power in park homes and lodges

Date:
Friday 6th Oct 2017

In collaboration with Radmiser Lightwaverf, Omar Group is further strengthening its eco offering with the introduction of a smart power, heating and lighting control system.

Read more »