Management buyout at M&E specialist

Grant Prior 5 months ago
Share

Wirral based M&E contractor Kimpton has completed a management buyout.

Richard Kimpton and Tim Davis
Richard Kimpton and Tim Davis

The £25m turnover firm,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.

The move follows a period of 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.

Davis said: “We are all delighted to take the reins at this exciting time for Kimpton. 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.

“Our recent introduction of hard FM services and full turnkey project solutions are a step towards this. Our core MEP Projects Division has also developed its offer with specialist teams now dedicated to delivering particular project types that fall within the broad scope of commercial mechanical and electrical building services.

“Alongside their work regionally for a variety of clients from manufacturers, education providers, NHS trusts and hospitality venues, our specialist BTR and PBSA division has also been expanding its work nationally across the UK, with multi-million pound projects in Birmingham, Bath, Cardiff, London, Leeds and Manchester.”

Richard Kimpton said: “We needed to know that we would be leaving the company in safe hands so we have been careful to take our time with this, and I now look forward to supporting the team in the next chapter for Kimpton in a non-executive capacity in the years ahead.”

Latest news

Four jailed after Keltbray corruption trial

Jail sentences following probe into jobs including Battersea Power Station
9 hours ago

Leeds United unveil stadium revamp design

Club has still to set a timeframe for staged Elland Road upgrade
6 hours ago

Bowmer & Kirkland boosts margins as profits surge to £69m

Revenue nudges up towards £1.3bn in year of expansion
22 hours ago

Offshore construction starts on £4bn windfarm

Foundations for first of 95 turbines installed: Watch video
22 hours ago

AECOM buys civils consultant Allen Gordon

Global giant acquires Scottish water and energy specialist
21 hours ago

Plans in for £1bn Northern Gateway site in Manchester

Plan for 500-acre manufacturing and logistic park advance
21 hours ago

RED wins £31m London Shoreditch student digs job

Two extra floors will be added to Willen House scheme
22 hours ago

Deconstruct handed £12m Grenfell demolition

Firm maintaining building awarded job without bid race to speed process
22 hours ago

Sizewell site workers get made to measure PPE

Bespoke fitting service on offer at new Bryson branch
22 hours ago

Comment: Gateway is acting like a barricade

Contractors left banging their heads on an (unbuilt) brick wall
4 days ago

Final phase of £1.5bn Elephant and Castle revamp hits planning

Get Living submits revised plan for 500 homes and 450-bed student block
5 days ago

Ealing backs final phase of £1.3bn estate rebuild

Friary Park estate rebuild in Acton reaches end stage
4 days ago

Green light for scaled-down Nottingham student tower

Glasshouse Street scheme will deliver 247 student rooms
4 days ago

Aston Villa to revamp North Stand

Club to reuse existing structure rather than complete rebuild
5 days ago

Mace signs ex-ISG director to lead Euro health and tech push

Gary Sweeney to head up healthcare and life sciences consultancy arm
4 days ago

Sir Robert McAlpine claws way back into profit

Firm says return to profit and strong cash balance validates new strategy
5 days ago

Severfield to cut staff by 6% amid pricing pressure

Steelwork contractor warns of extended tighter pricing due to project delays
5 days ago

JRL completes sale of 50% stake to Malaysian giant IJM

Deal boosts balance sheet and kicks starts growth plan
5 days ago

Green light for £100m Liverpool Baltic station build

Enabling highway works to start in the autumn
6 days ago

First live tests for flying construction robots

Drones can lay construction materials at height on site
5 days ago

Three firms land £170m Gentoo Sunderland housing deal

PHS Solutions, Esh and RE:GEN to deliver 10-year home upgrade plan
6 days ago

Gateway gridlock hits build-to-rent delivery as starts nosedive

Build to rent starts plunge 18% in the capital
6 days ago

Call to shift Gateway 2 checks to end building bottleneck

"The current system isn't working but we all want to see safe buildings"
6 days ago

GBN launches £600m bid race for SMR engineer roles

Owner engineers to provide technical and assurance services
6 days ago

Wates hires ex-Homes England chief to head public sector push

Robert Stone to spearhead its public sector and national frameworks strategy
6 days ago

Acheson Construction collapse costs suppliers £8.5m

One frustrated creditor seized a telehandler after contractor went into administration
7 days ago

Dominus wins go-ahead for 173-bed Glasgow scheme

Old Wynd Street job expected to cost around £25m to build
7 days ago

Safety Regulator misses deadline to clear Gateway 2 backlog

Investors pulling out of funding high rise buildings
7 days ago

CITB still sitting on £95m cash pile

Staff numbers jump from 666 to 763 as training body wage bill soars
7 days ago

£500m road surfacing framework market call

NEPO goes out to consultation on north east regional highways deal
7 days ago

Contractor services