Facilities maintenance firm Integral UK has been bought out by its management for £20 million.
The management team, led by managing director, Bryan Glastonbury, acquired the firm from Guinness Peat Group.
Maurice Mc Bride, former boss of Sodexho's facilities management company, has been appointed chairman. The MBO was backed by Barclays Ventures.
Integral, which is the largest independent provider of facilities maintenance in the UK, employs 215 people from its Birmingham office.
Mr Glastonbury said: "The MBO will enable Integral to progress more rapidly to the next stage of its development.
"We can capitalise upon our already high levels of business retention and further improve our service delivery."
Integral's core business provides mechanical, electrical and building fabric contract maintenance, with other internal divisions providing special projects, housing services, cleaning, building controls, PFI projects and communications solutions.
UK wide the company employs over 2 , 000 permanent staff, across 14 locations including London, Manchester, Liverpool and Leeds.
The transaction was initiated by Invex Capital Partners, which has also taken a minority stake in the business.
Alex Brebbia, director of Barclays Ventures, said: "Integral is an excellent company with strong revenue growth driven by consistent new business wins across the UK.
"We are looking forward to working with the management team to continue these historic growth levels, possibly through future acquisitions."