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BBS Law are delighted to have acted for Peter Ford, managing director of Mantec Engineering, in the sale of the company to Macclesfield engineering group, Allied Global Engineering.
Openshaw-based Mantec Engineering is a provider of precision tuned and milled components to technically demanding markets across the UK including rail, food and sub-sea. It 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.
Peter Ford, Mantec managing director, 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.”
Dov Black, Rebecca Mills and Amie Stevenson (corporate) and Daniel Berger (property) advised on behalf of BBS on this transaction. Corporate finance advice to Mantec was provided by Barburgh Capital and financial and tax advice by FFT.