Fintech-backed MBO at civil engineering firm

A Derbyshire civil engineering firm has been sold in a management buy-out.

Neil Moore, managing Director, and Ian Naylor, operations director, have taken control of Somercotes-based VUS in a deal funded by Ashby-based ThinCats.

Specialising in cable installation, infrastructure and substation maintenance, VUS works with customers nationwide.

The company’s organic growth has led VUS to open an extension of its business in 2010. VUS Plant exclusively provides vehicles, plant and equipment to VUS.

Neil Moore, managing director of VUS, said: “With our extensive client base that ranges across the UK, we are always looking for our next step. Our collective decision with the owners to facilitate a management buy-out will allow us to continue our expansion. This crucial funding from ThinCats also allows for us to invest in operational infrastructure, shoring up our business for future growth.”

Ben Kimball, director of regional development, ThinCats, said: “Alternative finance providers continue to prove that we can plug the funding gap, and the support from local businesses is our greatest endorsement. VUS Ltd is a great example of how investment can supplement organic growth of local businesses with big ambitions.”

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