Rygor announces management buyout

By Nick Batten on 13 December, 2022

Westbury’s Mercedes-Benz dealer Rygor Group Ltd., which includes Rygor Commercials and the newly launched Rygor MAXUS, has undergone a management buyout. 

The well-respected dealer group has been bought by John Keogh, who was previously Rygor’s Sales Director and Rish Channa, previously Head of Truck Sales at Rygor. As of November, John has become Rygor’s Managing Director, with Rish being named Commercial Director. 

Commenting on the buyout, John said, “As you can imagine, this is an extremely exciting time for us and the future of Rygor Group Ltd. We love the Rygor business and both Rish and I have been working within it for more than a decade. Being able to say that we are now joint owners of the company, is a really special moment for us. 

“We have a fantastic team here at Rygor, an award-winning team, and our focus over the past few years has continued to centre on their progression, wellbeing and building a positive company culture. We were thrilled to become Great Place to Work certified in 2022, as well as standing out for our employee engagement, as overall at the Institute of Internal Communications Awards.

“This continues to be a key objective for the Rygor business. Over the past year, we have implemented a new appraisal process, an enhanced apprentice programme and an incredible well-being programme. It is our team members who make us strong and successful, and we are greatly looking forward to working with them as Rygor continues to lead the way. We will also be focusing on building a more sustainable and greener future for the business and working with brands on electric vehicles will be key to this.” 

Rish added, “We have an incredibly loyal customer base at Rygor, and we look forward to continuing to work with them in our new roles as owners of the business, as well as welcoming new customers to the Rygor business as well.”

John and Rish will be joined on the Rygor Board, by Group Finance Director Tim Smith (previously Rygor’s Finance Director) and Aftersales Director, Sean Joyce (previously Rygor’s Service Director). Both Smith and Joyce became directors of Rygor at the beginning of 2021, having progressed through the Rygor business into these positions, and both have been integral in the success of the company over the past 18 months. 

Rygor’s former owner-directors – Tim Stacey, Graham Drake and Paul Reed – were advised throughout the buyout process by RWK Goodman, and Deloitte UK.

In June 2022, Rygor announced that it had started works on the build of a new, custom-designed dealership at the Worton Grange industrial park in Reading.

Pictured above: (left to right) Sean Joyce, Tim Smith, John Keogh and Rish Channa