Techconsult UK completes MBO
Techconsult UK’s managing director, Steve Guest, and finance director, Sarah Taylor, have completed a management buyout of the company.
The new owners have a three-year growth plan with aims to expand the business’ services and create new jobs. The deal was supported by Gary Lumby and Ryecroft Glenton Corporate Finance (RGCF).
Steve Guest, managing director of Techconsult UK, said, “Completing the Management Buy Out creates a great opportunity to further grow our business and increase the scale of operations in our key sectors. We are very proud of the reputation we have built across UK industry, which will provide a springboard to the next stage of development of the business and include the creation of additional employment and new opportunities for our candidates and clients.”
Carl Swansbury, Head of Corporate Finance and Partner at RGCF, said: “Steve and Sarah have developed an agile and professional business, which is prime for growth. We are proud to be working with them, alongside Gary Lumby, to implement a growth strategy and source new working capital facilities, which will enable Techconsult UK to deliver upon its scale up ambitions.”
Photo courtesy of Shutterstock.com