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Scotia Shortlisted for MBO Award

In December 2014 Scotia Double Glazing was sold in a Management Buy Out (MBO).

The purpose of the MBO was to ensure that Scotia Double Glazing would continue to offer the very highest quality products and service to its customers.

The MBO has also attracted a great deal of attention in the business world and it has recently been announced that we have been shortlisted for MBO/MBI/IBO of the year at the Insider Deals & Dealmakers Awards 2015.

Macdonald Henderson advised the management team in the £2.15m management buyout and the announcement represents the second year in a row in which a management team represented by Macdonald Henderson has made the shortlist for the MBO of the Year Award with the management buyout of tent and sporting goods supplier AMG Group having won the category at the Awards in 2014.

Scotia Double Glazing was founded in Kilmarnock in 1983 with 10 staff and now has more than 155 employees. Investors to the deal included UK Steel (which invested £500,000 in one of its biggest investments to date) and the management team, with RBS and RBSIF providing senior debt and invoice finance respectively.

Scotia Double Glazing is now going from strength to strength, offering our customers even higher quality and more innovative products to enhance the look, comfort and value of their homes.

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