Wed, 13 Jul 2016 | MBO/MBI
Project EMC, an engineering recruitment agency based in London and with operations in Fleet, Hampshire, has undertaken an management buyout (MBO) deal.
Majority shareholder and managing director Colin Edge has bought co-founder John White's shares in the business, in the MBO. Mr Edge and the company sought advise from Ryecroft Glenton Corporated Finance on the successful deal.
Founded in 2007, Project EMC sources and places candidates within the rail, highways, energy, construction, telecoms and utilities, among other related sectors.
Under its new ownership, the company will embark on a three-year growth phase to focus on new work areas, geographical expansion and increasing its workforce.
Mr Edge told Insider Media: "We have experienced a successful first decade in business, which has positioned Project EMC as a trusted and effective service company in the industry sectors in which we operate.
"I am very proud of what John and I have achieved with the support of our team, which will provide a platform for future growth.
"We are now in a position to implement a new three-year business plan, which will enable companies in complementary sectors and more areas of the UK to access our established and proven consultancy services."
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