IT services provider Instalec has undergone a second MBO in the space of five years with Instalec director Graeme Taylor leading the latest one.

IT services provider Instalec has undergone a second MBO in the space of five years with Instalec director Graeme Taylor leading the latest one.

The new organisation is to be known as Instalec Technology Group, with five specialist divisions: cabling, networks, systems, software and business consulting.

Taylor says that it is an exciting time for Aberdeen-headquartered Instalec, with its focus now on expanding the business and growing its global client base.

Taylor adds: ‘We have a heavy presence in the oil and gas sector and have recently established a number of international contracts. This presents us with a robust platform for our future development.’

As part of the new structure, entrepreneur Steve Higgins will join the company as Group Chairman.

Founded in 1983 by Bruce Mason, Instalec was subject to an MBO in 2006 when four-strong team of Jim Duncan, Graeme Taylor, Tony Smith and Chris Forbes took control of the business.

Taylor expects the company’s turnover to treble to £15 million in the next five years while also doubling its number of staff. Clients of Instalec include Cisco, Microsoft Systimax and HP.

Financial details of the deal are undisclosed.