Issued 5 October 2020
Bay Tree portfolio company Prime Light, the UK’s leading lighting component solutions provider, has appointed Duncan Wilkes to the role of Non-Executive Chairman. The appointment of Duncan marks a key progression milestone for the business and adds further strength to the Prime Light management team.
Duncan has a long history of leading and growing private-equity backed distribution and service businesses within the automotive and IT sectors, including Micheldever Tyre Services, Nationwide Autocentres and 7C Limited, and will add key advice and insight as Prime Light embarks on its next phase of growth.
On his appointment Duncan commented “I am extremely excited to be joining such a dynamic business as it continues its growth from a leading position in the market. I am looking forward to working closely with Bay Tree and the management team to ensure we drive maximum value and choice for customers whilst remaining at the forefront of innovation and service”.
Prime Light has ambitious organic and acquisition-based growth plans with a publicly stated goal of doubling the business over the next 5 years. Duncan will be instrumental in helping to achieve this with considerable input to strategy and resource planning over the coming years.
Bay Tree invests in privately owned UK businesses with profits between £1m – £5m and are backed by a single source of institutional funding.