SCS Group News Centre
SCS Vendor Initiated Management Buy Out
Wednesday, November 7, 2018
SCS have recently undergone a Vendor Initiated Management Buy Out, an in house Buy Out from the Senior Management Team, which sees the seamless transition and the Business continue to evolve, taking a similar route to that of 25 years ago, when the Company was formed from a Management Buy Out of SAS Contracting.
See below extract from the Official Press Release
The buyout has been built around a planned succession strategy with Shareholders Rodger Lambert, Andy Morson and Trevor Watson seeking to retire to allow existing key personnel a stake in the Business. The new Shareholder Directors are Darren Friend, Paul Flynn, Craig Scott and Michelle Chappell Dixon.
Rodger, Andy and Trevor will continue to be involved in the Business within their current roles, which will allow the Business to smoothly evolve into the next stage of its development.
Darren Friend, the new Chief Executive for SCS Group said: “Having been on the Board for the last 9 years and working closely with Michelle, Paul and Craig who were in Senior Management positions, I know we have a wide range of skills and personalities who know the business inside and out. These are very exciting times as we look to move the Business forward with the help and support from Rodger, Andy and Trevor along with all of our great staff who continue to be an integral part of the group”
Rodger Lambert, former Chief Executive and now Non Executive Director at SCS said: “We are committed to the long-term future of SCS and know we are passing on the Management of the Business to a very trusted and strong team. SCS has gone from strength to strength since the Company was established and it continues to evolve and grow.”