In a significant development for the Scottish business landscape, Aberdeen-headquartered construction consultancy McLeod + Aitken has successfully completed a management buyout valued at over £10 million.
This move marks a pivotal moment for the company, which has established itself as an international cost consultancy with operations spanning Europe and Australia.
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Existing directors Graeme Beaton, Mark Hirst, Alistair Seel and Grant Jamieson now own the Queen’s Road based firm.
They have taken over the reins from Mike Shirreffs, Duncan Moir, and Matt Gordon, who had been at the helm for nearly two decades.
McLeod + Aitken has a global workforce of 90 employees, providing services in quantity surveying and project management.
In Aberdeen, McLeod + Aitken’s projects include the Prime Four Business Park and Union Terrace Gardens. It also maintains close links with Robert Gordon University, regularly taking on graduates and placement students.
The buyout is expected to usher in a new phase of growth and expansion for the firm.
New director Grant Jamieson said that the 70-year-old firm will stay true to its “old-school” values while grows internationally following the takeover which was completed last week.
He told the P&J: “We are multinational, but we are almost like family, and we want to ensure we keep our ethos and values going.”
The company currently operates and manages projects across Europe and Australia, and this buyout should enable them to strengthen their position in these markets while potentially expanding into new territories.
