Management buy-out completed at McCann and Partners





Management buy-out completed at McCann and Partners

Daniel Bevan - Senior Journalist
McCann and Partners, one of the leading engineering and building services consultancies in Wales, has undergone a management buy-out (MBO) backed by funding from the Development Bank of Wales.
The MBO sees five longstanding Directors—Rhys Silcox, Chris Morgan, Anthony Collins, Daniel Carter, and Liam Poole—take ownership of the South Wales-based firm.
The deal was financed through a combination of debt and equity investment from the Development Bank’s £500 million Wales Flexible Investment Fund and £25 million Wales Management Succession Fund, the latter financed by the Welsh Government and Clwyd Pension Fund.
Established in 1955, McCann and Partners specialises in mechanical, electrical and public health (MEP) engineering, and employs over 60 staff. The firm serves a wide range of sectors including healthcare, education, transport, and residential and commercial property across the UK.
Speaking on behalf of the new leadership team, Chris Morgan said: “Most of us have been with McCanns for over 15 years and have played a key role in building it into one of the largest independent building services consultancies in Wales and the West. This buy-out gives us the opportunity to continue that growth while maintaining the values and high standards we’re known for.”
“Our future strategy will focus heavily on Net Zero Carbon design, minimising the environmental impact of the buildings we help to create. With the continued support of our clients, collaborators, and dedicated staff, we’re excited for the next chapter.”
Kabitah Begum, Senior Portfolio Executive at the Development Bank of Wales, added: “We’re proud to support this talented management team as they take McCann and Partners into a new era. With a strong track record and a clear growth strategy, the team are well-placed to build on their existing success. Our business succession funding is designed exactly for moments like this—enabling experienced teams to take the reins and drive future innovation.”
The management buy-out reinforces the Development Bank’s role in supporting business continuity and leadership transition across Wales. Its succession fund offers tailored financial support to enable experienced management teams to assume ownership of established Welsh companies.
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