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£780,000 raised

ThinCats backs Ward in MBO of QAPM

Geoff O'BrienSteve Ward, managing director of property maintenance company QAPM, has completed the management buy-out of the business with a £780,000 funding deal backed by ThinCats.

The four-year facility will be used to acquire the entire shareholding from the founders and provide working capital to drive growth.

Mr Ward has managed the Dundee-based prcompany for seven years. It was established in 2001 and now employs 70 staff; 40 directly and 30 sub-contractors.  

Geoff O’Brien (pictured), business originator, Scotland at ThinCats said: “We are delighted to support Steve Ward in his MBO of the business that he has built up so successfully over the years.

“With blue-chip clients, a buoyant market and the investment that has been made in people and technology, QAPM is ideally placed for continued growth.”

 



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