The current management team of Glasgow-based Wallace Whittle have bought the firm from Munich-based TUV SUD in an “amicable” deal, providing continuity for around 90 jobs at its offices in Glasgow, Aberdeen, Edinburgh, Belfast Warrington, London and Dubai.
The company project portfolio includes the St James Quarter in Edinburgh, the redesign of Battersea Power Station in London and the Inverurie Community Campus near Aberdeen. Ongoing schemes include Edinburgh St James and Cadworks, Glasgow. Current turnover is circa £10m.
Allan McGill, MD at Wallace Whittle, led the buyout and said: “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 all across the 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.
Their design professionals work on on sustainability, ‘designing for wellness’, energy performance and environmental and social governance (ESG).
McGill, has been with the company since first 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.”