Finance Wales Backs MBO of Jet-Vac Systems
Summary
Finance Wales and other investors have backed the current management team in the MBO of Jet-Vac Systems Ltd, a Port Talbot, UK-based specialist industrial cleaning company.The team, led by Managing Director Geraint Jones, Richard Wells (commercial), Paul Williams (operations) and Kevin Viant (technical), acquired the company from founder Nigel Drane, following his retirement.Established in 1989, Jet-Vac provides specialist industrial cleaning services for the petrochemical, power and utilities markets.The company serves oil refineries, coal and gas-fired power stations, cement works and waste-water treatment plants and plans to expand its range of services for both existing and new customers.FinSMEs 02/11/2011
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