{"id":3410,"date":"2019-02-26T11:02:31","date_gmt":"2019-02-26T11:02:31","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=3410"},"modified":"2019-02-26T11:02:31","modified_gmt":"2019-02-26T11:02:31","slug":"administrators-find-buyer-for-mcgill-co","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/administrators-find-buyer-for-mcgill-co\/","title":{"rendered":"Administrators find buyer for McGill & Co"},"content":{"rendered":"

Administrators for for Scottish building services giant McGill & Co have found a buyer for the business.<\/p>\n

A company led by Dundee-based businessman Graeme Carling is now in exclusive talks about a deal.<\/p>\n

Blair Nimmo, global head of restructuring and Joint Administrator at KPMG, said: \u201cThe Joint Administrators are pleased to announce they have appointed Catalus Energy Investments Limited as the preferred bidder and granted them a short period of exclusivity to acquire the business and certain assets of McGill & Co Limited \u2013 in Administration.<\/p>\n

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\u201cAgreement of the sale is subject to due diligence and contractual agreement, however, both parties are hopeful that a transaction can be concluded in early course. Further information will be available in due course.\u201d<\/p>\n

McGill went into administration earlier this month with the loss of 374 jobs.<\/p>\n

Its demise was blamed on challenging trading conditions and disputes and delays on a number of contracts.<\/p>\n

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McGill & Co was established in 1981 and provides services to clients in the residential, commercial and industrial sectors from its headquarters in Dundee and ancillary offices in Glasgow and Edinburgh.<\/p>\n

The company trades through five divisions – mechanical & electrical services, facilities management, social housing, private residential and\u00a0 fibre and wireless.<\/p>\n

A spokesperson for Catalus Energy Investments Ltd. said: \u201cWe can confirm that Catalus Energy Investments, a group of professionals specialising in the consolidation of industries, mergers and acquisitions, finance and growth, is the preferred bidder in the sale of McGill & Co Ltd.\u201d<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/2U7lhZy<\/p>\n","protected":false},"excerpt":{"rendered":"

Administrators for for Scottish building services giant McGill & Co have found a buyer for the business. A company led by Dundee-based businessman Graeme Carling is now in exclusive talks about a deal. Blair Nimmo, global head of restructuring and Joint Administrator at KPMG, said: \u201cThe Joint Administrators are pleased to announce they have appointed […]<\/p>\n","protected":false},"author":1,"featured_media":151,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-3410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=3410"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3410\/revisions"}],"predecessor-version":[{"id":3411,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/3410\/revisions\/3411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/151"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=3410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=3410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=3410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}