Management team takeover at Abatec Recruitment

The management team at Abatec Recruitment, a North Somerset-based recruitment company, have carried out a management buy-out of the firm.

Managing director Richard Buchanan (pictured right) has been joined by fellow director Rob Dyer (pictured left) in leading the deal and acquired 100% shareholding of the business. 

Established over 30 years ago, Abatec is a £10m business which supports its customers with temporary, permanent and contract staff, supplying the construction and engineering markets. 

Commenting, Buchanan said: “I’m thrilled that after such an uncertain year we were in a position to proceed and buy the business. We have an excellent management team in place who will ensure we deliver for our customers.” 

Dyer added: “We are proud to take ownership of such a well-known local business. We have both worked for Abatec in excess of 15 years and this is an excellent opportunity for us.” 

Advisers in the deal included Neil Dennis at Bespoke Tax and Jo Bligh at Thinking Legal.

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