Energy and Sustainability firm undergoes change of control in seven-figure MBO
Energy and sustainability specialists Inteb, has undergone a seven-figure management buyout, backed by Mercia’s SME Loans Fund.
The deal gives control of the Birkenhead-based business to a team led by the Managing Director, Tom Kelly, and including Commercial Director, Les Edwards, Operations Director, Natasha Edwards, and Sales and Marketing Director, Andrew Snowball.
It allows, founder, Colin Jones, to realise his investment in the company, though he will continue to provide strategic advice in the role of Non-Executive Chairman.
Inteb’s team of surveyors, consultants and engineers advise on ways to Improve sustainability, reduce energy costs, implement renewables and infrastructure projects, and comply with energy and environmental standards.
Founded in 2004, the business now employs 33 staff and serves clients including AstraZeneca, American Golf, Royal London, Lloyd Webber Theatres, British Land, Bupa and the Royal Albert Hall.
Tom Kelly said: “Colin has done a great job in setting up and building the business. The four of us in the management team have spent around 50 years between us working alongside him at Inteb and share his vision.
“We are honoured to be taking ownership of the company and look forward to continuing its success story.”
Colin Jones said: “The buyout marks a new chapter for Inteb. I am confident that the management team will continue to drive it forward with the same dedication and passion that has defined our success over the years.”
Mike Rogers, of Mercia, said: “Inteb is one of the few companies that offers a full service, helping clients to reduce their energy use and environmental impact and also assisting with energy procurement to secure the most cost-effective rates.
“The company has a high profile client base, a strong leadership team and is serving a growing market. The buyout will secure the future of the business by enabling the current management to take it forward.”
Brian and Duncan McCann of Shareholder Strategies advised Inteb and supported the MBO process.
Kieran Donovan, of Napthens in Liverpool, provided legal advice to the company while Tim Adcock, of Mitchell Charlesworth, provided tax advice.
Brian McCann said: “We have been working with Inteb for several years and guiding them through this transition has been a rewarding experience.
“We believe the company is well positioned for future success under the new leadership structure and with the financial support from Mercia.”
