MBO completed at County Durham IT Services firm
A management buyout (MBO) has been completed at a County Durham wi-fi technology specialist.
Birtley-based KBR provides survey, installation and consulting services for wi-fi and CCTV systems, working with private companies and public sector organisations.
The company is now owned by managing director Gareth Tomlin and sales director Ruth Tomlin, who are set to implement a new marketing plan and increase sales growth.
Our Corporate Finance team advised the pair on the MBO, alondisde Ward Hadaway’s Colin Hewitt.
“We’re extremely excited for the future, we have a fantastic, talented team who truly hold our customers’ best interests at heart.” said Gareth Tomlin.
Ruth Tomlin added: “We are delighted to be leading a new chapter for KBR and to be able to continue to add even more value for both new and existing clients.”