Warrington-based building control system designer and installer, Building Technology Systems (BTS), has been acquired by an Employee Ownership Trust with support from HSBC UK.

With the support of a seven-figure funding package from HSBC UK, the newly-formed Employee Ownership Trust (EOT) has made a 100% purchase of BTS from current owners Graham Spark and Dean Brookes.

The existing owners were keen to adopt this route as it allows them to stay in operational control of the company until their eventual future retirement, with a smooth transition of management over a number of years for their customers and staff.

All jobs have been retained following the buyout.

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