McGill’s potential new owner ‘has big plans and can’t wait to get started’

The preferred bidder to take over McGill has spoken of his excitement at buying the stricken Dundee firm.

Catalus Energy Investments has been appointed the preferred bidder to take over Dundee-based firm McGill, which plunged into administration earlier this month.

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Catalus is owned by Broughty Ferry man Graeme Carling, whose Carling Property Group is Scotland’s largest private landlord.

Graeme Carling

He said: “I am excited to be announced by KPMG as the preferred bidder and over the next few days our team will complete our due diligence at which point we should be in a position to quickly complete the purchase of McGill & Co.

“We have big plans for McGill & Co and can’t wait to get started.”

Blair Nimmo, global head of restructuring and Joint Administrator at KPMG, said:  “The joint administrators are pleased to announce they have appointed Catalus Energy Investments Limited as the preferred bidder and granted them a short period of exclusivity to acquire the business and certain assets of McGill & Co Limited – in administration.

“Agreement of the sale is subject to due diligence and contractual agreement. However, both parties are hopeful that a transaction can be concluded in early course. Further information will be available in due course.”

McGill, which employs 200 people in Dundee, works across commercial, residential and the education and healthcare sectors and has been involved in a number of high-profile building projects including Dundee’s Olympia Leisure centre.

The firm, headquartered in Harrison Road, has been operating for more than 30 years.

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