SME Finance Partners is proud to have supported the management buyout (MBO) of DRAC, a Cardiff-based building services and sustainability consultancy, marking an exciting new chapter for the business.

The MBO was led by Lewis Doherty, who now steps into the role of Director. DRAC specialises in mechanical, electrical, and public health (MEP) design, NEC supervision, and sustainable building services, delivering projects across both the public and private sectors throughout the UK.

Speaking on the transition, Doherty highlighted the importance of continuity: “My focus is on maintaining the supportive and collaborative environment that enables our people to thrive and our clients to receive the highest quality service. Together, we’ll continue to grow and develop DRAC, striving for collective success.”

Doherty also expressed gratitude to DRAC’s founding directors, Dave, Russell, Alan, and Carl, whose vision and commitment laid the foundation for the company’s success. As part of the transition, Carl and Russell will remain actively involved in consulting roles to ensure their experience continues to benefit the business.

From the perspective of SME Finance Partners, this MBO represents a strong example of how structured financial guidance can empower management teams to take ownership and drive future growth. By advising on the transaction, the firm helped secure a smooth transition that prioritises both operational stability and long-term value creation for the business.