Leading North East based driving experience company, Driving Sensation, has announced a buy-out by current Managing Director, Guarin Simpson, for an undisclosed sum.
The company specialises in providing high quality driving experiences in some of the most desirable cars on the road today – including Ferrari, Lamborghini, Aston Martin, Porsche, Lotus and the Ariel Atom. Driving Sensation, one of the leading driving experience providers in the North of England, runs its events at Teesside Autodrome, Middlesbrough and Elvington.
The company was founded by Mr Simpson and his business partner, David Manners, and has been trading for 5 years. The decision by Mr Manners to sell his share of the business created the opportunity for the buyout to ensure the company’s future success.
Mr Simpson commented: “I have been involved in driving experience days and ‘one to one’ instruction for many years. The purchase of David’s shares will allow me to continue the success of the business. I wish David all the best for the future.”
Newcastle based law firm, Hay & Kilner, were chosen as lead legal advisers. Mark Adams, a Partner in the company commercial team, advised Mr Simpson on the acquisition of the company and commented:
“It was a logical step for Guarin to purchase David’s share in the business following his announcement to sell. We wish Guarin every success for the future and are sure that Driving Sensation will continue to go from strength to strength.”