£780,000 raised
ThinCats backs Ward in MBO of QAPM
Steve 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.”
