Currently employing 15 people, NiC Cleaning provides servicing for business premises across the country, including JD Wetherspoon.
Alongside creating jobs, new owner Andy Galloway is looking to win new contracts and improve the company’s turnover.
Mr Galloway will run the business alongside his wife, Lyn, while retaining his position as the regional director for Scotland for customer feedback firm, Shopper Anonymous.
Galloway said: “The previous franchisee hadn’t actively pursued new contract wins, which is the direction I want to take the company.
“There’s a great deal of potential business out there for us, and we’ve brought on Business Development Manager Ian Heaton to help us land new deals.
“I left the family business in Glenrothes around five years ago after working there for the previous 20. I wanted to spend more time with my children, supporting them as they grew up, but when I saw this opportunity with NiC, I knew I had to take it.”
Funding for the acquisition was facilitated by Clydesdale Bank’s Business Direct team.
Mark Lagan, business development manager at Clydesdale, said: “Andy’s background in his father’s family business means he knows what needs to be done to develop and grow the NiC franchise.
“His commitment to expansion, creating new jobs and winning new contracts is commendable, and Clydesdale Bank is proud to support him achieve ambitions.”