Mersey Industries has acquired Derby-based MCE Engineering, a fabrication and precision machining business.
Off the back of a record year for the business, this acquisition forms part of an ambitious journey for Mersey Industries to build a group of engineering companies in the UK, with an impetus on serving the defence, nuclear and aerospace sectors.
The acquisition of MCE Engineering marks the second acquisition for Mersey Industries as it expands its footprint in the Midlands, and, in turn, the operational capabilities across the group.
Established in 1996, MCE Engineering operates from a 12,000 sq ft manufacturing facility in Derby and delivers specialist metal machining and fabrication solutions to blue chip market leaders such as Rolls Royce and Bombardier. The business has a team of over 35 staff who play a key role in the ongoing success of the business.
Jeremy Rowson, director of Mersey Industries, said: “We’ve been on the lookout for a high quality and well-run precision engineering company to enhance and extend our capabilities and MCE Engineering ticked all the right boxes for us. We are delighted to welcome the MCE team into the group and look forward to working with them.
“We are grateful to the team at Magma Corporate Finance for guiding us through the acquisition process. Shafwaan Bheda and Irfan Ashfak provided an excellent advisory service, and Jon Kicks delivered expertly put together tax due diligence and advice. Their experience and expertise were invaluable during the transaction.”
Shafwaan Bheda, senior manager at Magma Corporate Finance, said: “Mersey Industries has an extremely ambitious and dynamic management team, and this acquisition strengthens their presence and operational capabilities in their target sectors. We are extremely pleased to have advised Mersey Industries on the deal and look forward to working with the business moving forward.”
Jamie Lloyd and his team at Nexus Solicitors, Manchester, provided legal advice and legal due diligence to Mersey Industries.
