Quanta completes partial MBO
Following 25 years of business, Berkhamsted-based Quanta Consultancy Services has recently completed a partial management buyout.
Stephen and Janet Trigg had been Quanta’s majority shareholders since the company’s inception in 1992 and the partial management buyout was carried out with an objective to release capital from the business in recognition of the work and effort that has been inputted over the past 25 years.
The board had initially considered options such as trade sale or private equity investment, however they had significant concerns that these may negatively impact both employees’ careers and the culture of the business, something that is extremely important to Quanta. Having investigated further, the board identified that a partial, self-funded management buyout would enable Stephen and Janet to achieve a capital return and secure the independence of the business going forward.
Quanta has experienced strong growth over recent years and this has been recognised with a number of awards, including a Queen’s Award for Enterprise for International Trade in 2016. In 2017 the company has been recognised as Large Business of the Year at the Hertfordshire Business Awards, Business of the Year (Medium to Large) at the Inspiring Hertfordshire Awards, and has received 2 Star Best Companies Accreditation for their commitment to employee engagement.
The company says the partial management buyout will allow Quanta to continue this success, enabling the Board to maintain strategic control and retain the company’s key focus, which is the people.
Over the past 12 months the team has grown significantly, and Quanta has focused on growing the business from within, providing extensive training and development opportunities at all levels. The company continue to recruit and have many opportunities available for talented recruitment consultants to join the team.
Stephen Trigg, CEO & founder of Quanta Consultancy Services, said, “I am so very pleased that the company can continue as an independent entity and that the culture of the business will continue its evolution. The business development plans for the next 3 years are very exciting and will no doubt keep everyone very busy.”
David Broome, director of Quanta Consultancy Services, commented, “It is great that the future of Quanta remains secure; that we will continue to build on the great work our team has invested over the past 25 years and we commit to continuing to focus on delivering the best client and candidate experience to all we work with. Very much business as usual and we look forward to a hugely successful 2018.”
Spencer Trigg, director of Quanta Consultancy Services, added, “I’m very proud that we’ve been able to source a solution that enables Quanta to carry on as normal and at the same time, create an opportunity for my parents to benefit from their dedication over the past 25 years. It’s a great honour for me moving forward and I look forward to continuing working with the fantastic team, diligent contractors and engaging clients! Life Changing…Moments.”
Pictured (left to right): Spencer Trigg, Stephen Trigg, David Broome