Management buy-in at Newcastle architecture practice
Founded in 1991, Nicholson Nairn initially provided design, architecture, planning and building services to clients in the North East. In recent years the firm has expanded to work on residential, commercial, health and education projects in London, Scotland, Jersey and France.
The company has also undertaken several heritage and restoration projects around the country, including County Durham’s Castle Eden.
As part of the shake-up Chris Barr, who served as an architect at Nicholson Nairn for eight years, has joined the firm’s management team. He will work alongside founders Tony Nicholson and Garfield Nairn to take the business forward.
Barr described working on the buy-in as “a privilege”. He added: “The hard work starts now and as much as I am looking forward to instilling a fresh approach, the immediate focus will be to reacquaint and reengage with valued clients, past and present.”
A team of lawyers from Bond Dickinson’s Newcastle office advised Nicholson Nairn’s existing management team on the deal, along with corporate finance advisors from Tait Walker and solicitors from Muckle LLP.
Bond Dickinson’s managing associate, Iain Pritty, said: “It has been a pleasure working with Tony and Garfield on this MBI. Nicholson Nairn Architects is a fantastic business in the North East and I look forward to seeing how the business continues to grow and develop over the next few years.”
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