Construction Company Acquisition
In preparation for the current owner Maurice McKay’s pending retirement, Muirfield Contracts Limited has been acquired by Azure Investments. Founded in 1999, Azure is a Private Equity group with a diverse portfolio of investments. Their acquisition of Muirfield permits an entry into the construction sector at a senior level and Muirfield’s reputation for quality and stringent control fits well within Azures philosophy.
Dundee based Muirfield Group is one of the leading privately owned construction businesses operating throughout Scotland and provides discerning Clients with a full construction package across all sectors of the property and construction market.
Founded by Maurice McKay, FRICS, FCIOB and former colleague Jim Ross in 1988, Muirfield celebrates their 25th Anniversary this year. The company have enjoyed unparalleled, consistent, and controlled growth by satisfying Client’s requirements through understanding their needs and delivering high quality and cost effective solutions. This growth has been achieved by ensuring complete customer satisfaction and continuous improvement in a high level of repeat business from satisfied client’s who remain loyal.
A key stage of the acquisition process is the succession and transition in leadership from the current managing director Maurice McKay. It is therefore with great confidence Azure announce with immediate effect the appointment of Lindsay Cowan as the Company’s new managing director. Lindsay will work alongside Maurice during the transition period and will be fully supported by the existing Muirfield management team which remains unchanged.
Lindsay is an experienced construction professional and is a much respected local individual, an ideal successor to Maurice. He previously led the management team of Mansell Tayside & Fife as Regional Managing Director. Under his leadership, that team consistently delivered high quality projects and achieved extremely high levels of customer satisfaction very similar to the Muirfield ethos.
Maurice will hold the position as Joint-Chairman of the Company along with John Stodart, Chairman of Azure (www.azureinvestmentgroup.com)