Engineering group expands with latest acquisition
Macclesfield engineering group, Allied Global Engineering, has acquired Mantec Engineering, for an undisclosed sum.
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 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.
Phil Jepson, 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, 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.”
Independent corporate finance adviser, Bamburgh Capital, advised Mantec on its acquisition, and 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.”
The Bamburgh Capital team comprised Gabriel Schwalbe, Michael Parkinson, Tom Brown, Omar Ahmed, Gajanan Dharmasena and Krystel Eastman.
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).
