Dron & Dickson, an electrical equipment supplier primarily to the oil and gas sector, has been bought by a management team led by the son of its former chief executive.

Dron & Dickson, an electrical equipment supplier primarily to the oil and gas sector, has been bought by a management team led by the son of its former chief executive.

Colin Rowley acquired the Stirling-based company for an undisclosed sum after Bank of Scotland agreed to finance the deal.

Rowley was supported throughout the transaction by McCabes Chartered Accountants, which was led by head of corporate Jeffrey Meek.

Meek, who was supported by tax director Grant Middleton, structured the transaction and arranged the funding. “The strength of the company and its significant opportunities were reflected by the desire of all the major banks to provide the debt for the transaction,” he said.