Corporate Finance Deal Announcement: Utile pumps it up

29th Apr 2014

We are delighted to announce the completion of the MBO of Expamet.  The MBO team was led by Nigel Dickinson.  Funding was provided by GE Capital, the management team and a private overseas investor.

We are very pleased to announce the completion of the acquisition of Pump & Package by Utile Engineering for an undisclosed sum.

We assisted Utile in its negotiations with the owners of Pump & Package and also advised during negotiations with the bank on funding requirements and structure.  The successful completion of this deal in the current tough economic climate demonstrates the strength of the proposition.

We were able to display our team’s track record and experience in M&A transactions, despite the difficult market conditions, and are delighted with the outcome for all parties involved.

We wish Utile every success for the future.

About Utile and Pump & Package

Utile manufactures a range of high quality compressors, air blowers and vacuum pumps as well as air and gas exhausters.

Pump and Package design and build their own custom built pump units.

Contact us

If you would like to know more about this deal or how we can assist you, your clients or your contacts who may be looking to make corporate acquisitions, send us an online enquiry to arrange an initial no-obligation meeting.

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