Kimpton, which specialises in M&E, HVAC, commercial fit-out, and service and facilities management, has successfully completed a management buyout as it enjoys a period of sustained growth across the UK.
The Bromborough-based business, which celebrated its 60th anniversary last yearin 2023, will now be led by a team of directors, including new managing director Tim Davis, who was formerly the firm’s general manager, and Linzi Kelly, who steps up to become financial director. They are joined on the board by five experienced colleagues from the existing senior team – Paul Cooper, Scott Bennett, Paul Davies, Andy Morgan and Matt Breakwell – who share many years of operational, service and project delivery expertise.
Departing chief executive Richard Kimpton (pictured above on left with new Kimpton managing director Tim Davis) himself completed an MBO from his father and company founder Eric Kimpton in 2001 and he will remain invested in the business and continue to support the MBO team in a non-executive capacity as part of a long-term succession plan. Long-serving Kimpton director Ron Tierney will retire from the business following the MBO, while Colin Swanick is also retiring as a director but will remain employed within the business.
The move follows a period of marked expansion over recent years, led by the new management team, which has seen Kimpton broaden the diversity of its revenue through an expansion of its service offer into full facilities management, turnkey commercial and science fit-out, with a focus on decarbonisation and net zero solutions, alongside the team’s developed MEP specialism in high rise residential construction.
Tim Davis said: “We are all delighted to take the reins at this exciting time for Kimpton. Our strong customer base continues to grow, encouraged by our expanded range of services, and the dedication of our team. The vision we have for the company is ambitious and yet pragmatic. We will continue to build on our reputation for quality and dependability, in keeping with the ethos and foundations of the company, building the diversity of our business, and in turn creating growth, security, and opportunities for our staff, our customers, and the communities in which we operate.
“Our recent introduction of hard FM services and full turnkey project solutions are a step towards this. By enabling our teams to better leverage the collective experience that exists within Kimpton for the benefit of customers, in the last year we have been able to deliver for local clients including ACC Liverpool and the refurbishment of the Capital Building for the Home Office and Crown Commercial Services. Simultaneously, our core MEP Projects Division has also developed its offer with specialist teams now dedicated to delivering particular project types that fall within the broad scope of commercial mechanical and electrical building services.
“Alongside their work regionally for a variety of clients from manufacturers, education providers, NHS trusts and hospitality venues, our specialist BTR and PBSA division has also been expanding its work nationally across the UK, with multi-million pound projects in Birmingham, Bath, Cardiff, London, Leeds and Manchester.
“I would also like to pay special thanks to departing director Ron Tierney, who has worked tirelessly over many years to help make Kimpton the business it is today. I hope we can continue to build upon the legacy that he, Richard and our other former directors have built.”
Richard Kimpton said: “It has been a privilege to lead Kimpton for the past 23 years and witness the continued broadening of our customer base and the enhancement of our local and national reputation as a trusted delivery partner across a range of projects and sectors. We are lucky to have such a highly experienced leadership team here, some of whom have been with us since they were apprentices and I have no doubt they are all more than ready to lead the next chapter in the Kimpton story. Planning and consistency over time has been vitally important to us in achieving this succession responsibly. Having begun the process on this over five years ago, I have no doubt that the MBO team that we have in place will continue to build upon our long history, and are the right team to secure both long-term stability and growth aspirations for Kimpton as a trusted company within the industry.
“We needed to know that we would be leaving the company in safe hands so we have been careful to take our time with this, and I now look forward to supporting the team in the next chapter for Kimpton in a non-executive capacity in the years ahead.”