Avalon is very pleased to announce expansion plans after a majority stake was purchased by Lonsdale Capital Partners, the UK small to mid private equity firm.
Avalon’s founder Mike Cooper will retain a minority stake in the company and is looking forward to the future growth and progression of Avalon.
Mike Cooper stated, “Having driven this business from a standing start over the last 20 years it was important to me to see it move on to the next stage of growth. Over the last few years we have doubled turnover and I have developed an excellent management team.
“In Lonsdale I know that the business has found an excellent financial partner and I look forward to watching the continued success of Avalon.”
Lonsdale has installed Steve Chambers as chief executive of Avalon, previously chief commercial officer at Yell Group.
Steve Chambers commented, “Having run a sizeable sales force in the past, I am delighted to be given the opportunity to apply some of my skills and experience to this business.”
Avalon are proud to provide funeral plans via a professional and dedicated direct sales team and has a range of plans which are tailored to customer’s individual requirements. Plans can be paid for upfront as a lump sum or via a flexible instalment plan.
You can see more on the Lonsdale investment here: