Fri, 14 Jul 2017 | MBO/MBI
New opportunities beckon for architecture firm Nicholson Nairn, a Newcastle-based practice whose clients include Marks & Spencer, Tesco and Primark, following a management buy-in overseen by a host of North East businesses.
Founded in 1991, Nicholson Nairn initially provided design, architecture, planning and building services to clients in the North East. In recent years the firm has expanded to work on residential, commercial, health and education projects in London, Scotland, Jersey and France.
The company has also undertaken several heritage and restoration projects around the country, including County Durham’s Castle Eden.
As part of the shake-up Chris Barr, who served as an architect at Nicholson Nairn for eight years, has joined the firm’s management team. He will work alongside founders Tony Nicholson and Garfield Nairn to take the business forward.
Barr described working on the buy-in as “a privilege”. He added: “The hard work starts now and as much as I am looking forward to instilling a fresh approach, the immediate focus will be to reacquaint and reengage with valued clients, past and present.”
A team of lawyers from Bond Dickinson’s Newcastle office advised Nicholson Nairn’s existing management team on the deal, along with corporate finance advisors from Tait Walker and solicitors from Muckle LLP.
Bond Dickinson’s managing associate, Iain Pritty, said: “It has been a pleasure working with Tony and Garfield on this MBI. Nicholson Nairn Architects is a fantastic business in the North East and I look forward to seeing how the business continues to grow and develop over the next few years.”
Has extensive in-house expertise and relationships with a range of specialist subcontractors. Second-tier management team in place who can run the company on the day-to-day operations. Has obtained several awards due to its superior service offering....
LEASEHOLD
Turnover of £1.7m with an adjusted EBITDA of £475k. Offers mobile and fixed communication services, as well as a comprehensive managed service portfolio to clients across Southern England.
LEASEHOLD
Offering a professional and cost-effective service, the company specialises in digital, litho print and direct mail. Services include repro/pre-press, print management, finishing, exhibition and mailing services, and media planning and buying.
LEASEHOLD
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