After 20+ years of running Freestyle IT the owner’s (myself, Guy and Amir) of the company have decided that now is the perfect time to step aside and promote a new management team and new ownership of the business. Just before Christmas 2023 we signed over 85% of our shares to an Employee Ownership Trust (EOT). In short, that is a Trust set up for the sole benefit of our employees.
Who better to take over and drive the next phase of the business in the ever-evolving world of IT than the smart, ambitious and energetic team that we have already!
Myself, Guy and Amir couldn’t be happier with this outcome. We have given a lot to running a very successful business for more than 20+ years and have decided that the time is right to start our exit. A non-negotiable for us was ensuring that the qualities that make Freestyle IT what it is wouldn’t be lost when we sold the business. Alongside other reservations that we had, that meant that a trade sale was out of the question. Having looked at several options, it became very clear that a sale to an EOT (our employee’s) would be the perfect fit for all of us.
We didn’t want any disruption to the fantastic team that we already have in place, and we wanted to give them this exciting opportunity to take over. After all, they are the people actually doing the work and delivering the services to our customers already. We have been working hard over the last 3 years to get the right people in place and ready to take over. That time has come.
As part of the sale to the EOT we will be continuing to support the new management team (owners) for as long as they need us and for as long as we remain useful to them. We are extremely confident that they will be successful and we couldn’t be happier to be able to make a slow and measured departure from the day to day running of the business, knowing who is taking over.
Finally I would just like to say on behalf of myself, Guy and Amir a huge thankyou to our customers. Your support and loyalty over the years has been just wonderful.
Best Wishes, Warwick, Guy & Amir
For more information regarding the EOT changes at Freestyle, please click here