Abatec Recruitment complete MBO

Employment & Skills | Mergers & Acquisitions | South West
Rob Dyer (left) and Richard Buchanan

The management team at Abatec Recruitment, a North Somerset based recruitment company have carried out a management buy-out of the firm.

Richard Buchanan, Managing Director has been joined by fellow Director, Rob Dyer who both led the deal and acquired 100% shareholding of the business.

Abatec was established over 30 years ago and has grown to a £10m business which supports its customers with temporary, permanent and contract staff, supplying the construction and engineering markets.

Richard Buchanan comments: “I’m thrilled that after such an uncertain year we were in a position to proceed and buy the business. We have an excellent management team in place who will ensure we deliver for our customers.”

Rob comments: “We are proud to take ownership of such a well-known local business, we have both worked for Abatec in excess of 15 years and this is an excellent opportunity for us.”

Advisors in the deal include Neil Dennis @ Bespoke Tax and Jo Bligh @ Thinking Legal.

Did you enjoy reading this content?  To get more great content like this subscribe to our magazine

Reader's Comments

Comments related to the current article

Leave a comment

Your email address will not be published. Required fields are marked *