John Lawrie Acquired By its Management In Partnership w/ Rubicon Partners and Grovepoint

The Group, which was founded in 1930 by metal merchant John Lawrie in Aberdeen, and still has its headquarters in the city, is one of Scotland’s leading privately-owned businesses with bases in Montrose and Evanton near Invergordon, Scotland, and Houston, New Jersey and Philadelphia, USA.

John Lawrie has three divisions providing metal recycling and reprocessing, decommissioning, and steel tubular services to the oil and gas, construction and utility sectors in the UK and USA.

Vic Sinclair, CEO of John Lawrie said “The commitment of its senior management team has made John Lawrie the industry leader it is today. We enter this exciting new era as a financially strong, ambitious business back by new investors who will help us drive further organic growth in both the UK and the USA across all three of our divisions. We also intend to pursue new markets including through acquisitions in this partnership with Rubicon and Grovepoint.”

Charlie Parker, CFO, commented: “John Lawrie is a business with a proud past and an exciting future. We are delighted to be partnering with new investors who have an established pedigree of working with industrial sector enterprises to drive new opportunities and value creation. We have a clear strategy for growth and that’s good news for all our stakeholders.”