We are delighted to announce one of our clients, using the buy & build strategy has made their third acquisition this summer, with the help of a leading industry investor from our network. Our client is now an £8 million turnover group with current EBITDA forecasted at £1.5 million. They have consolidated their position in their sector and from hereon will deliver an increased range of engineering services.
The most recent acquisition is an established machining repairs business with over 60 years’ experience in the industry. The company provides in-situ engine repairs and maintenance services to clients with heavy plant and machinery, specialising in Line Boring, Journal Machining and Crankshaft Repairs to name a few. They have trained personnel and specialist equipment to meet all client needs. Clients tend to be major industrial names.
Nick Young comments, “It’s always pleasing when investors continue to back our clients with further capital. We wish them all the best for the future”