OUTDOORS specialist Snow+Rock Sports has been bought by its management, backed by private equity firm LGV capital, for an undisclosed sum.
The management, led by managing director Dion Taylor, have put their own money into the retail chain, which has 35 stores and three commercial websites.
Taylor said: “Andrew Brownsword and Jeremy Hancock helped us to grow the group to its current marketleading position, but now it is time for the management to become stakeholders in the business and to continue to drive it forward.”
As well as Snow+Rock, the brand includes Cycle Surgery and Runners Need.
The group’s previous owner Andrew Brownsword will retain a “significant” investment in it.