PMT successfully completes a management buyout led by David Black, with support from YFM Equity Partners, to capitalize on growth opportunities in the UK's musical instrument and professional audio market.

Target Information

Professional Music Technology (PMT), founded 28 years ago by Simon Gilson and Terry Hope, is the leading multi-channel retailer in the UK for Musical Instrument (MI) and Professional Audio products. PMT operates 15 retail stores across the UK and maintains a robust online presence at www.pmtonline.co.uk. The company employs over 200 staff and generates annual revenues exceeding £40 million.

The management buyout of PMT has been spearheaded by David Black, who steps into the role of Managing Director. Having joined PMT 18 years ago, David has played a crucial role in the business's operations, notably leading the opening of six new stores in the past four years. He is supported by Carly Scott, the Commercial Director, and Andrew Ball, the Operations Director, both of whom have been with PMT since 2010 and 2012, respectively. The Board will also include Peter Moss as Finance Director and David Garratt as non-executive Chairman.

Industry Overview

The musical instruments and professional audio equipment industry in the UK is vibrant, benefiting from a growing interest in music and audio production among both amateur and professional users. The market has seen