The M&E contractor is now owned by its team of five executive directors who have run the business for the past ten years.

J S Wright, which was founded in 1890 and has its headquarters in Birmingham and offices in Bristol and London, is set to hit a turnover of £50m this year.

Marcus Aniol, who was appointed Managing Director in 2008, is now a major shareholder in the company alongside Finance Director Martin Roberts, National Design and Estimating Director Andrew Smith, National Mechanical Contracts Director Phil Leech and National Electrical Contracts Director Paul Featherston.

The buy-out follows the retirement of previous owners and main board directors Peter Marsh, Edwin Moore and David Osborne, who stepped down from the day-to-day running of the company in 2006.

Aniol said: “Our thanks go to the previous owners for their careful stewardship and faith in our ability to develop the company to what it is today.

“We have an established team of directors in place with the drive, determination and vision to take the business forward to an exciting future.

“We aim to build on our long-standing business relationships, and continue to grow our business with clients and suppliers that like us value people, integrity and the highest quality standards.”

J S Wright specialises in the design and installation of M&E services for the hotel, residential, social housing, student accommodation, leisure and commercial sectors.

It currently employs more than 150 staff and was voted one of the UK’s Top Ten Specialist Contractors to Work For in the 2016 Construction Enquirer Awards