Oil and gas recruitment firm in MBO

Kinetic Technical, a recruitment consultancy serving the oil and gas industries, has been bought by its management.

The management buy-out (MBO) is backed by The Royal Bank of Scotland and led by managing director Neil McCarthy, who has worked at parent company Kinetic for the past seven years. The purchase price has not been disclosed.

Says McCarthy, ‘Demand for skilled workers in the energy production markets remains strong and we are keen to expand our presence in all sectors.’

Accountancy group DTE and legal firm Eversheds acted on behalf of the bank, while business advisory firm PKF and law firm Pannone advised Kinetic Technical.

Kinetic Technical has sales of £20 million and employs 21 people. Its clients include ExxonMobil, Shell and GlaxoSmithKline.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

Related Topics

Oil and Gas sector