Employees of growing East Kilbride traffic management company have become its new owners

dailyrecord.co.uk:

The 108 employees of a growing East Kilbride traffic management company have become its new owners.Apex Traffic Management has completed a deal to transition to an Employee Ownership Trust (EOT).With depots in Dumfries, Ashford in Kent and soon Portlethen outside Aberdeen, it works all over the UK providing traffic management for roadworks - including major motorway projects - and operates 150 sets of traffic lights.The company has expanded in recent years to provide traffic management for major events, including meetings at Hamilton and Ayr Racecourses, the Great Scottish Run, this year’s British Open in Troon and the Festival of Flight in Ayr.The Lanarkshire Live app is available to download now.

Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android The move has been made after its three previous shareholders rejected takeover approaches for the £10m turnover business - instead opting to transfer ownership to their team.Directors Iain Griffin, Daniel McGinley and Ian Murtagh - each of whom will remain with the business under its new structure - have built up Apex over the past 20 years.Mr Griffin said: “We had two or three other companies come in to try and buy us, but the offers on the table just didn’t feel right.

We like to think we treat our people well and many of our employees have been with us for many years.“A trade buyer would basically have been buying our