Monday, 6 August 2018
Business as usual as directors secure MBO of engineering firm
Engineering consultancy Rodgers Leask, of Derby, has undergone a management buyout by its current leadership team.
Directors Lawrence Pacey, Paul Spencer, Kully Toor, Stewart Friel, and Kriston Harvey have taken over the reins from chairman and owner Andy Leask, who co-founded the company with the late John Rodgers more than 30 years ago.
With the change in ownership, Paul Spencer becomes Managing Director, and Lawrence Pacey will take on the role of Business Development Director.
The other directors, Kully Toor, Stewart Friel and Kriston Harvey will continue to provide focus and direction the core business activities of structural, civil and transport, and geo-environmental engineering respectively.
Andy will remain an active and integral part of the company's hierarchy, working with directors and staff as an ambassador for the company.
In addition to its headquarters at St James House, St Mary's Wharf, Mansfield Road, Derby, the company has offices at Longbridge and Bristol, employing more than 70 people working on projects nationwide.
Paul said: “We are thrilled to have completed the MBO with Andy's co-operation, and while we can be proud of our achievements so far under his tenure we are equally excited about our plans for the future. The change will be seamless and the company will be maintaining a ‘business as usual’ focus – enabling our clients to increase confidence in the engineering solutions that we supply”.
The mbo process was supported by Sterling Capital Investments, Investec Capital Solutions and Flint Bishop Solicitors.Back