Hull-based MKM has acquired Mansfield company Oceanair in a move designed to strengthen its offering by moving into the HVAC sector.
Kate Tinsley, CEO of MKM since 2020, said: “This is an interesting acquisition for MKM and enables us to expand into further emerging marketplaces; Oceanair is a great company with very talented people. I’m really excited about our growth plans.”
Oceanair owner Tony Evanson will remain involved in the business for the foreseeable future providing support during the transition. He said: “I’m incredibly proud to see the business grow over the years and have developed some fantastic relationships with staff, customers, and suppliers. I have thought long and hard about selling the business and was adamant it needed to go to the right home. I’m very pleased to be around the business to support the MKM team and look forward to seeing Oceanair grow under its new ownership”.
Rob Barnes, MKM’s Business Development Director leading the acquisition, added: “This acquisition fits perfectly with MKM’s plans for expansion, allowing us to branch out further into the HVAC industry. Continuing to work closely with the current Oceanair team guarantees a seamless transition, customers and suppliers can expect business as usual.”
