Member Article

Bamburgh Capital advises on precision engineering sale

Independent corporate finance adviser Bamburgh Capital has advised Manchester-based precision engineering business, Mantec Engineering, on its acquisition by ambitious engineering group Allied Global Engineering.

Mantec Engineering is an experienced provider of precision tuned and milled components to technically demanding markets across the UK including rail, food and sub-sea. Mantec has an excellent reputation, a blue-chip customer list, and is a preferred supplier for precision machined components to Transport for London (TfL).

Allied Global Engineering’s strategy is to build a group providing end-to-end engineering services and solutions. Its acquisition of Mantec further enhances the group’s precision engineering offering and follows the acquisitions of EGL Vaughan in 2020 and G&J Group in 2022. EGL Vaughan provides CNC precision machining services and G&J Group is a provider of sub contracted engineering services, including tooling and powder coatings.

Throughout the process, Bamburgh Capital collaborated closely with key stakeholders, ensuring a smooth transition and acquisition process.

Gabriel Schwalbe of Bamburgh Capital, said: “We are seeing growing demand in the UK engineering sector, driven by the re-shoring of critical manufacturing supply chains due to geo-political volatility. Mantec is trusted by its clients for its specialist components and offers a well-invested platform for significant growth potential ahead. It has been a pleasure advising on this transaction and wish the Allied Global Engineering team every success in the future”.

The Bamburgh Capital team comprised Gabriel Schwalbe, Michael Parkinson, Tom Brown, Omar Ahmed, Gajanan Dharmasena and Krystel Eastman.

Phil Jepson, the Founder of Allied Global Engineering said: “We are hugely excited by the opportunity to become the custodians of Mantec, to inherit the fruits of the hard work of Peter and his team and lead the business through the next phase of its life.”

Peter Ford, Managing Director at Mantec Engineering said: “I am delighted to have found a team in Allied Global led by Phil who have the energy, experience and commitment to take Mantec forward into a very promising future. It was important to me that the Mantec team would carry on at our Manchester base and continue to thrive.”

Mantec was also advised by BBS Law (legal) and FFT (financial and tax). Allied Global Engineering was advised by Fieldfisher (legal) and Calculo UK (financial and tax).

This was posted in Bdaily's Members' News section by John Robson .