Management buyout at oil spill equipment firmCompany News // July 30, 2015
Senior management at Vikoma International Limited have completed a management buyout with the support of a financial investment from Agathos, the London-based investment firm.
Based on the Isle of Wight on the south coast of the UK and founded by BP in 1967 after a major oil spill, Vikoma International designs and manufactures oil and chemical pollution control systems.
The Agathos team will provide financial, strategic and operational support to the Vikoma management team which is comprised of: Karen Lucas, Managing Director; Sales Director Paul Rayner, Operations Director Mark Wheeler, Engineering Director Neil Plater, Finance Manager Martin Hammond and Quality and Technical Manager Gary Barnes.
The Vikoma management team have 90 years of collective industry experience and will be led by Managing Director Karen Lucas and incoming Chairman Paul Herbert who was previously MD of Vikoma between 2005 - 2006.
Mrs Lucas said: “This deal marks a new beginning for our business. This will enable us to create a solid platform from which to grow and develop our business continuing the innovation, reliability and quality of service for which our brand has been known for over the last 40 years.”