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RBS Backs MBO of Kinetic Technical Limited

RBS Backs MBO of Kinetic Technical Limited

Kinetic Technical Limited, the specialist recruitment consultancy for the oil and gas industries, has undergone a Management Buyout for an undisclosed sum, in a deal funded by The Royal Bank of Scotland.

The MBO was led by Neil McCarthy the companys Managing Director. Neil and his management team have acquired the business from parent company Kinetic plc, seven years after he joined Kinetic to launch a specialist technical division.

Kinetic Technical specialises in recruiting skilled technical personnel for clients in the oil, gas, pharmaceutical, chemical and energy industries worldwide. Candidates are provided on both a technical and permanent basis and typically include mechanical and process engineers, project managers and system validation engineers.

Under Neils guidance Kinetic Technical has grown into a 20m turnover operation and employs 21 people. Its client base includes many of the largest names in the market such as ExxonMobil, Shell, Amec and GlaxoSmithKline.

Neil McCarthy, Managing Director of Kinetic Technical said, The companys success is down to the quality of our candidates and the people we employ. We plan to build upon these strong foundations. Demand for skilled workers in the energy production markets remains strong and we are keen to expand our presence in all sectors.

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