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.”
2 x Lucrative Cafes & Food Kiosk Recently Departed from a Franchise in Cornwall. Well-Established and Longstanding. Ideal Coastal Location. Recently Renovated. Fantastic Reputation. Excellent Trade Throughout the Year. Offers invited.
LEASEHOLD
Flooring Specialists: Domestic, Contract, Rentals, HMO, Housing Associations, Ecclesiastic, Schools and New Build. Well-Established. Highly reputable with multiple years of repeat business. Over 25 years of experience in the field. Domestic and Comme...
LEASEHOLD
Blue Chip Client Base. Full Range of Display Systems. Limited Industry Competitors. Solid Platform for Growth. Offers invited.
LEASEHOLD
|
13
|
|
Sep
|
AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE
AFH Financial Group, a listed wealth management firm headqua...
|
12
|
|
Sep
|
Lucid Group completes acquisition of North West-based healthcare consultancy | BUSINESS SALE
Healthcare communication specialists, Lucid Group, has succe...
|
11
|
|
Sep
|
Controversial green energy firm goes bust and forced to appoint administrators | ADMINISTRATION
A small energy supplier providing green energy to 29,000 hou...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources