Greenway directors complete management buyout deal

Directors at Lincoln-headquartered energy services company Greenray have completed a management buyout in a deal advised on by Clearwater Corporate Finance.

Greenray provides after-market services to industrial gas turbine users in more than 30 countries, including Brazil, Canada, India and Indonesia.

Its activities support the oil and gas and power generation markets, serving both offshore and onshore equipment.

Freeth Cartwright provided legal advice to the management team and Smith and Williamson tax advice. Banking facilities were provided by HSBC.