The esteemed energy and sustainability consultancy Inteb has transitioned into a new phase through a significant management buyout (MBO).
This seven-figure deal, supported by Mercia’s SME Loans Fund, transfers the ownership to a dedicated leadership team committed to advancing the company’s mission.
Background and Deal Overview
Inteb, an established energy and sustainability consultancy, has experienced a noteworthy change of control through a management buyout. The transaction, valued in the seven-figure range, is backed by Mercia’s SME Loans Fund. The new leadership team consists of Managing Director Tom Kelly, Commercial Director Les Edwards, Operations Director Natasha Edwards, and Sales and Marketing Director Andrew Snowball.
Founder Colin Jones will continue to contribute as a Non-Executive Chairman, offering strategic advice to ensure a smooth transition and continued success for the company. This move allows Jones to realise his investment while the incoming team prepares to lead Inteb into its next chapter.
Inteb’s Comprehensive Services
Inteb’s team of expert surveyors, consultants, and engineers provides a range of services aimed at enhancing sustainability, reducing energy costs, implementing renewable energy solutions, and ensuring compliance with energy and environmental standards.
Serving prominent clients such as AstraZeneca, American Golf, Royal London, Lloyd Webber Theatres, British Land, Bupa, and the Royal Albert Hall, Inteb has built a robust reputation in the industry.
Leadership and Vision
Tom Kelly, the newly appointed Managing Director, expressed his enthusiasm for the future, stating that he and his fellow team members share the founder’s vision for the company.
He acknowledged the significant contributions of Colin Jones in establishing and growing the business, emphasizing their commitment to maintaining the high standards and passion that have become synonymous with Inteb.
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.”
Endorsements and Future Plans
Colin Jones also voiced his confidence in the new management team, highlighting their dedication and the seamless transition expected within the company.
He commented, “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.”
Furthermore, Mike Rogers from Mercia praised Inteb’s extensive service offerings and notable client base. Rogers noted, “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 strategic support from Mercia is anticipated to provide Inteb with the necessary resources to continue expanding its services and client base.
Advisory and Legal Support
Brian and Duncan McCann of Shareholder Strategies played a pivotal role in advising Inteb and facilitating the MBO process.
Legal advice was provided by Kieran Donovan of Napthens in Liverpool, while Tim Adcock of Mitchell Charlesworth handled tax advisory services.
Brian McCann remarked, “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.”
The management buyout of Inteb marks a significant milestone for the company, positioning it for continued growth and innovation under new leadership.
With the strategic backing of Mercia and a dedicated management team, Inteb is well-equipped to sustain its industry-leading services and expand its market presence.