Today marks a significant milestone in RenQuip’s journey of growth as we announce that we have successfully completed a management buy-out (MBO). The transaction was finalised on 19th June 2025, positioning the business for continued expansion in both domestic and international energy markets.
The MBO sees our Managing Director Marc Gerrard and our Technical Director John Morgan assume full control of the company’s strategic leadership. Both have been instrumental in RenQuip’s development since our launch in 2022 and bring more than 50 years combined technical and managerial experience in the energy engineering sector.
Commenting on the MBO, Mr. Gerrard said, “This is a pivotal moment for RenQuip. With the new ownership structure in place, we are well-positioned to strengthen our offering, continue delivering innovative engineering solutions, and expand our presence across key markets.”
“Our relationships with clients and suppliers remain at the heart of what we do, and we’re excited to introduce new product lines through our in-house manufacturing capabilities. The future is very promising, and we’re seeing increasing opportunities not just in the UK but globally.”
“John and I would like to thank Indigo 7 Ventures (I7V), including CEO Doug Duguid and CFO Michael Buchan, for the support and financial backing. The support from Doug, Michael, and the I7V team has helped RenQuip to grow and become an established business in a short space of time.“
Mr. Duguid added: “Marc and John, and their team have worked incredibly hard and built RenQuip into a great business. Marc and John have established RenQuip’s foundations firmly within the north-east of Scotland and have also grown a strong international presence through a commitment to providing a high-quality service to all their customers. We wish them every success as they set out on the next stage of their journey.“
Exciting times ahead!