£60m turnover construction group sold to staff
Construction & Build
Gateshead based Meldrum Construction Services Group has become an Employee Owned Trust (EOT) by its 220 staff.
Dave Meldrum (seated left) with legal advisors
The £60m turnover firm specialises in construction, civils, fabrication, M&E, fire engineering and also has in-house FM capability.
Current CEO Dave Meldrum will continue in his role while the existing board of directors will remain in full control of strategy and business decisions.
Meldrum said, “By becoming an employee-owned trust, we’re securing the future of the company, our culture, and importantly, the future of an amazing group of people.
“Given the results over the past three financial years, the growth forecasted for this current year and the relationships forged with many clients looking to place repeat business with us; we believe we are well-placed and equipped to look to the future with great confidence.”
Written by Grant Prior at Construction Enquirer