Aberdeen oil and gas specialist transfers to an EOT

Aberdeen-headquartered, engineered leak sealing solution specialist Kinetics Controls and Innovation Ltd (KCI) transfers shareholdings to an Employee Ownership Trust.

April 8, 2024

In a significant step to guarantee collective success for employees and the company, Aberdeen-headquartered, engineered leak sealing solution specialist Kinetics Controls and Innovation Ltd (KCI) has transferred the entire shareholding to an Employee Ownership Trust (EOT). KCI is a global provider of fully engineered leak-sealing solutions to re-establish well integrity.

The company has been operating since 2002 and delivers exceptional customer service and accountability via a highly skilled and experienced engineering team that includes industry specialists who are there for the project at every step. Innovation in KCI’s business comes from employing its engineering expertise to support complex problems that may be difficult to resolve with conventional methods or technologies.

As the founder, CEO and previous owner, Roy MacKenzie considered moving towards retirement, he was keen to ensure a strategy and plan was in place to safeguard the future of the company and its valued employees.

Through transfer to an EOT, the business will continue to operate following the company’s established shared vision and values, delivering the same level of success and quality that customers have come to expect from KCI.

Kevin Watt, KCI Managing Director & Graham Steele, KCI Engineering Director

Kevin Watt, KCI's Managing Director, commented on the transfer and its impact on the company's future: “This transition marks a significant milestone in our company’s journey and reflects our commitment to our employees and the long-term success of our business. Through this transfer of shareholding, we can empower our team to continue to deliver the same quality our customers have always received when working with KCI while reinforcing a desire for the company's continued success.”

“At the heart of this decision is our dedication to protect our employees and commitment to continuously meeting and exceeding our customers’ expectations. A business structure designed to promote collective responsibility will also benefit our customers. A more collaborative workforce provides a strong focus on delivering quality services, motivating employees to deliver for our customers.  Thank you to our advisors, TLT, JCCA, and Ownership Associates UK, for supporting us in successfully transitioning.  This is such an exciting landmark in KCI’s journey, and we are confident it will lead the company from strength to strength.”

KCI has shown the ability to increase turnover from 2.5 million in 21-22 to 2.9 million in 22-23 and is projecting a 10% growth in turnover year over year for the next five years.