Kore Solutions MD in MBO to spearhead new growth

November 14, 2019

Duncan Booth, managing director of Kore Solutions, one of the leading high-end high-tech providers of Intelligent Building, Fire & Security and Electrical solutions, has successfully completed a management buyout of the business that he has been a shareholder in since 2012.
 
Duncan has bought the business from outgoing shareholders Bruce Masson and Jim Duncan and is taking ownership at a time when Kore Solutions is poised for future growth, coming on the back of the recent expansion of the engineering team, fresh investment in external marketing and HR services, as well as the launch of a new website. The company has seen growth in 2019 through several new client projects across all sectors of the business. The opportunities for growth for 2020 are already looking promising, with a healthy order book and ambitious sales targets in place.
 
Kore Solutions specialises in providing solutions for clients across the Oil & Gas, Facilities Management, Utilities and Not for Profit sectors, who need a single or a blend of world-class, innovative in-building solutions and support services to augment and improve their infrastructure.  The company, which turns over in excess of £1.35M per annum and employs 15 people plus external consultants, has a team of multi-disciplined engineers who serve its client base throughout the UK and Europe.
 
Announcing the purchase, Duncan stated, “Buying Kore Solutions comes at an exciting time for the business as we look to build on our existing customer base, while continuing to develop into new and emerging technologies. It has always been the plan that one day I would take ownership and I am thrilled to say that day has come. Our success is as a direct consequence of the hard work, experience and client understanding that our excellent team possesses. The people here have created a strong and loyal customer base, which has all combined to make Kore Solutions the successful business it is today. Now it’s time to take the business forward, with its healthy order book and a focused, ambitious strategic plan for growth for 2020 and beyond.”

Notes for Editors

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