Family-run firm hands over control in latest management buyout
Kimpton, which specialises in M&E, HVAC, commercial fit-out, and service and facilities management, has completed a management buyout, for an undisclosed sum, as it enjoys a period of sustained growth across the UK.
The Bromborough-based business, which celebrated its 60th anniversary last year, will now be led by a team of directors including new managing director, Tim Davis, who was formerly the firm’s general manager, and Linzi Kelly, who steps up to become financial director.
They are joined on the board by five experienced colleagues from the existing senior team – Paul Cooper, Scott Bennett, Paul Davies, Andy Morgan and Matt Breakwell – who share many years of operational, service and project delivery expertise.
Departing chief executive, Richard Kimpton, who himself completed an MBO from his father and company founder Eric Kimpton in 2001, will remain invested in the business and will continue to support the MBO team in a non-executive capacity as part of a long term succession plan.
Long-serving Kimpton director, Ron Tierney, will retire from the business following the MBO, while Colin Swanick is also retiring as a director but will remain employed within the business.
The move follows a period of marked expansion over recent years, led by the new management team, which has seen Kimpton broaden the diversity of its revenue through an expansion of its service offer into full facilities management, turnkey commercial and science fit-out, with a focus on decarbonisation and net zero solutions, alongside the team’s developed MEP specialism in high rise residential construction.
Tim Davis said: “Our strong customer base continues to grow, encouraged by our expanded range of services, and the dedication of our team. The vision we have for the company is ambitious and yet pragmatic.
“We will continue to build on our reputation for quality and dependability, in keeping with the ethos and foundations of the company, building the diversity of our business, and in turn creating growth, security, and opportunities for our staff, our customers, and the communities in which we operate.
“I would also like to pay special thanks to departing director, Ron Tierney, who has worked tirelessly over many years to help make Kimpton the business it is today. I hope we can continue to build upon the legacy that he, Richard and our other former directors have built.”
Richard Kimpton said: “It has been a privilege to lead Kimpton for the past 23 years.
“We are lucky to have such a highly experienced leadership team here, some of whom have been with us since they were apprentices and I have no doubt they are all more than ready to lead the next chapter in the Kimpton story.”
He added: “Having begun the process on this over five years ago, I have no doubt that the MBO team that we have in place will continue to build upon our long history, and are the right team to secure both long term stability and growth aspirations for Kimpton as a trusted company within the industry.”
