Liverpool-headquartered specialist multi-disciplinary building surveying and property consultancy E3Cube has completed a management buyout (MBO) as part of a strategic growth plan aimed at expanding into new sectors and services.

Founded in 2013 by John and Justine Fay, E3Cube has developed a reputation for its consultancy and project delivery work, with a particular focus on the education sector.

The MBO was carried out by four senior members of the management team – Michael Jones, Eliot Laughton, Craig Clark, and Sarah Bell – who will take over the day-to-day running of the business.

While the education sector will remain a key focus, the new leadership team is set to expand E3Cube’s presence within decarbonisation, health, commercial, industrial, and residential markets.

Michael Jones, on behalf of the management team, says: “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.”

John Fay adds: “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.”

The MBO was supported by a number of professional advisors. Langtons Chartered Accountants acted as lead advisors to the management team, with Simon Mills, Josh Christopher and Ben Lewtas supporting throughout the transaction as well as securing funding from HSBC. Legal advice to the management team was provided by Denise Walker and Jayne Croft at Glenville Walker whilst HSBC’s funding team was led by Sam Roden and Matt Robinson.

On the sell-side, the outgoing owners were advised by Rob Richardson from accountancy firm MHA with legal advice provided by Laura McMorland from law firm Bermans.

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