ENGINEERING consultancy Wallace Whittle has been bought by its current management team, providing continuity for around 90 jobs at its offices in Glasgow, Aberdeen, Edinburgh, Belfast Warrington, London and Dubai.
The company, whose client list includes projects such as the St James Quarter in Edinburgh and Buchanan Wharf in Glasgow, has been part of Munich-based TUV SUD Group since 2011.
Allan McGill, MD at Wallace Whittle, led the buyout. He explained, “A change in strategic direction at TUV SUD since 2019 created an opportunity for the senior team at Wallace Whittle to concentrate on what we do best; construction design and consultancy. A deal has been concluded which safeguards all existing jobs, plus our six offices across the UK and one in Dubai. All the senior management will remain and we envisage no material change to the delivery and operation of the business. We are grateful to TUV SUD and look forward to continuing to work in partnership with them in years to come.”
Wallace Whittle operates across all construction sectors, offering design and consultancy services in mechanical, electrical and public health (MEP); environmental building services; heating, ventilation and air conditioning, power, lighting, data, security and smart building systems.
The firm said its design professionals also ‘take the lead’ on sustainability, designing for wellness, energy performance and Environmental and Social Governance (ESG).
Allan McGill has been with the company since joining as a trainee engineer in 1995. He added, “An independent Wallace Whittle is well placed to approach the post pandemic world of real estate design with confidence and enthusiasm, targeting the most prestigious developments, working with the best clients and people. We are hugely experienced and skilled in the design of key real estate sectors that will benefit from changes arising from the pandemic.”
The MBO purchase price was not disclosed.