Successful management buyout achieved
Post by Mearns & Company in News
Mearns & Company has completed a successful management buyout, heralding a new era for the business.
Founded in 1994 by Margaret Mearns, the purchase was undertaken by company directors, Catherine Bell (managing director), Graeme Brown (client services director), Graeme McInally (financial planning director) and Malcolm Steel (client strategy director). The new ownership team currently has a combined 70 years working for Mearns & Company ensuring consistency for both staff and clients.
Commenting on the purchase, Catherine Bell, Mearns & Company managing director said: “We are proud to take over the helm from our founder Margaret who has grown the company to a successful business built on strong values.
There is an ever-reducing number of independent financial advisory firms in the market, due to consolidation in our sector, and Mearns & Company prides itself on being privately owned and well placed to provide a consistent and personal service to our clients.
Under our leadership we commit to driving innovation and nurturing a positive people culture, which both our clients and our team value.”
Mearns & Company will retain its family-owned ethos, with Margaret’s daughter Catherine Bell and son Malcolm Steel an integral part of the new ownership team.
Catherine added: “We have built a values-based business that provides our clients with trusted, expert service, while making a positive difference to their lives and their businesses. I am very excited for what the future holds.”
The buyout team was supported by accountants AH & Co Limited and solicitors Herrington Carmichael.