Existing directors Graeme Beaton, Mark Hirst, Alistair Seel and Grant Jamieson have assumed control from Duncan Moir, Mike Shirreffs and Matt Gordon, all of whom shall remain as directors and continue to be involved in the business going forward.

The MBO marks a new chapter for McLeod + Aitken, which this year celebrated 70 years in business. The business continues to expand its international presence with offices across the UK, Europe, Australia, and a new location in Dubai.

Despite this growth, McLeod + Aitken said it remains committed to its traditional, “old-school” values and dedication to quality quantity surveying.

Mr Jamieson said: “We are multinational, but we are almost like family, and we want to ensure we keep our ethos and values going.”

He noted that “Aberdeen has suffered a tricky time the last five or six years compared to the height of the oil boom”, adding that “the market has slowed down, we are not getting the same volume of big projects anymore but there are still enough of smaller scale to keep us going”.