MBO team takes over at E3 Cube
A management buyout has been completed at the multi-disciplinary building surveying and property consultancy, headquartered in Liverpool.
E3 Cube, which also has a base in Birmingham, said the deal will allow the firm to accelerate its strategic growth. The team is now 44-strong.
The business has established itself particularly in the education sector, and is now positioning itself for expansion into decarbonisation, commercial, health, industrial, and residential markets.
E3 Cube was founded in 2013 by John and Justine Fay. The MBO has been undertaken by four senior members of the management team — Michael Jones, Eliot Laughton, Craig Clark, and Sarah Bell — who will now lead the business into its next phase of growth.
On behalf of the MBO team, Jones said: “John and Justine have established a remarkable business in E3Cube, and on behalf of the management team, I want to express our sincere appreciation for their hard work and achievements.
“As we look ahead, maintaining our edge through efficient, high-quality building services design will ensure we stay competitive, resilient, and focused on our people.
“While the education sector will always be central to what we do, we’re excited to expand our reach into decarbonisation, as well as commercial, industrial, and residential projects.”
The firm is based at Meridien Business Village. Projects include a £2m recladding scheme at Christleton High School near Chester, and a BREEAM Excellent £1.6m sports centre at Accrington & Rossendale College. A school decarbonisation scheme working with heat pump firm Kensa has won an industry award.
John Fay said: “Justine and I are incredibly proud of the collaborative, quality-driven culture that runs through every part of E3 Cube. It’s a culture our clients genuinely value and feel, and one that the new management team, with over 34 years of combined experience at E3 Cube, has played a key role in shaping and strengthening.
“This management buyout ensures that the culture, which has been central to our growth and success, will be preserved and nurtured. We couldn’t be happier to hand the business over to such a familiar, talented, and committed team.
“They are perfectly placed to lead E3 Cube into its next phase of growth and diversification, while continuing to deliver the outstanding results our clients expect.”
Langtons Chartered Accountants acted as lead advisors to the management team, providing advice throughout the process and securing funding from HSBC. Legal advice to the management team was provided by Glenville Walker.
On the sell-side, the outgoing owners were advised by accountant MHA with legal advice provided by Bermans.
