Enzo-era Ferrari specialist, GTO Engineering, has undergone a management buyout, with three long-term team members taking over the business. Following the sad death of its founder and owner, Mark Lyon in 2022, work has been underway to agree the long-term future of GTO Engineering. Two of the world’s most respected classic Ferrari engineers, Kevin Jones and Lee Jones, with business strategist James Crossland, have now become joint owners. The trio, all familiar faces on events both supporting customers and driving, have a long history with the company. Kevin began working with Mark at GTO from the very beginning, with son Lee joining him in 2001 and James holding various management roles since 2011. The company will continue operating from its headquarters in rural Berkshire, UK, with plans to create a new workshop facility for its global client base.
The buyout comes during the 40th anniversary year of GTO Engineering’s founding. New co-owner, Lee Jones, said, “Mark made a great contribution to our industry. He’s greatly missed here at GTO and we’re proud to be continuing his legacy. The positive response we’ve received from our clients, our team and our partners has been phenomenal. We have solid plans for the future. We’re returning to our roots with a renewed focus on restoring, servicing, racing, touring, supplying parts, but most of all, having fun with our clients and their Ferraris!”
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