黑洞社区 services consultancy Foreman Roberts has announced a management buyout by the company鈥檚 eight-strong management team.

The deal, which was led by managing director Stuart Alexander, will see control transferred from Barry Shaw and Richard Kennedy to the existing directors backed by private investment.

Since his appointment as managing director in 2004, Alexander has been instrumental in doubling the company鈥檚 profits. His team is backed by venture capital trust NVM which has invested 拢7m of the total 拢14.7m funding.

Alexander said: 鈥淭his deal gives the management team the investment to fund our continued UK and International expansion and capitalise on the growing demand for our specialist sustainability services.

The long term plans are to grow the firm's sustainability division and increase its overseas business, targetting the Middle East and the Russian states where the firm is currently working on several large retail projects.

Foreman Roberts was formed in 2005 when Roberts & Partners鈥� UK arm was bought out of receivership by Foremans. Barry Shaw will continue in an advisory role, a new non-excutive chairman Clive Williams, whose former executive roles have included managing partner of Ernst & Young, will also join the board.

Source

黑洞社区 Sustainable Design