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Management buyout for Jet-Vac Systems

Jet-Vac Systems, based in Port Talbot, has taken advantage of equity investment from Finance Wales to fund a management buyout of the Company, following the retirement of founder Nigel Drane. Established in 1989, Jet-Vac provides specialist industrial cleaning services to the petrochemical, power and utilities markets, and counts a number of high profile companies among its wide customer base. The new management team – Geraint Jones, Richard Wells, Paul Williams and Kevin Viant – has focused on designing a fresh corporate identity, seeking new opportunities to expand and develop the Company while building on its strong reputation for industrial vacuum services, high pressure water jetting, catalyst handling and mechanical bolting.

Damien Connolly, UK and Ireland Country Manager for Norit Activated Carbon, commented: "This is an extremely specialist field, and we are very happy to work exclusively with Jet-Vac as our service partner. Jet-Vac has the skill set, expertise and knowledge to deliver the high service standards that our clients expect. I have total confidence in them."

"The buyout marks the start of a new era for Jet-Vac, and we are committed to expanding the Company and extending our range of services to suit both existing and future customers," said Managing Director, Geraint Jones. "We operate in highly regulated markets where new legislation and environmental concerns are driving demand, providing exciting opportunities for us to target. Jet-Vac’s previous success has established a solid foundation from which to further develop the business, and we look forward to a very bright future."

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