Wallace Whittle in MBO from German proprietor – Every day Enterprise
Allan McGill has overseen projects on developments such as Edinburgh St James
The engineering company Wallace Whittle was taken over by its German owner as part of a management buy-out and secures 90 jobs in its offices in Glasgow, Aberdeen, Edinburgh, Belfast Warrington, London and Dubai.
The company, whose customer list includes high-profile projects such as the St. James Quarter in Edinburgh and Buchanan Wharf in Glasgow, has been part of the Munich TÜV SUD Group since 2011.
Ongoing projects include Edinburgh St James and Cadworks, Glasgow. The current turnover is approximately 10 million GBP.
Allan McGill, MD at Wallace Whittle led the buyout, saying, “A change in strategic direction at TUV SUD since 2019 has allowed Wallace Whittle’s senior team to focus on what we do best – structural design and Consultation.
“A contract has been signed that will secure all existing jobs as well as our six offices across the UK and one in Dubai.
“All management remains in place and we are not making any significant changes to the delivery and operation of the store. We are grateful to TÜV SUD and look forward to working with them in the years to come. “
Mr. McGill has been with the company since joining the company as an aspiring 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 and working with the best clients and people.
The terms of the contract were not disclosed.
