Successful PE-backed MBO of Servelec Controls

Servelec Controls confirmed a successful management buy-out led by Managing Director Andrew Mills, backed by private equity firm Alcuin Capital Partners. Financial details were not disclosed. Graham Morrison of Alcuin Capital Partners confirmed the investor’s backing of Andrew and the Servelec Controls business: “We are delighted to complete our investment in Servelec Controls, a strong business underpinned by outstanding engineering expertise and with significant opportunities for growth."