Hazlewoods Corporate Finance team is delighted to announce that it has assisted a specialist mechanical engineering company with its latest acquisition.
Gel Engineering Limited, experts in the design, build, commissioning and refurbishment of complex water treatment plants, has acquired a complementary company, Lowestoft Offshore Services Limited.
Suffolk-based Lowestoft Offshore Services Limited provides electrical engineering services to the petro-chemical, water and sewage treatment industries.
In recent years, Gel Engineering, which has its headquarters in Enfield, London, has been involved in innovative, multimillion-pound projects for Thames Water and Affinity Water, mainly in the upgrade of sewage treatment plants and clean water projects.
The team at Hazlewoods provided acquisition advisory and due diligence services to the buyer.
Oisin Gibson, director of Gel Engineering, said: “It was a pleasure working with Rich and the team at Hazlewoods, they provided me with expert advice on our transaction and guided us through the acquisition process.
“It was comforting to know we had the experience behind us for this transaction. I wouldn’t hesitate to use the team again and recommend them for any similar transactions.”
Rich Grover, Hazlewoods Senior Manager leading the transaction said: “Gel Engineering is a dynamic and growing company and the acquisition of Lowestoft Engineering Services Ltd adds an electrical engineering string to its bow.
“We are delighted to have been able to advise Oisin and the team on the deal and wish them every success in the future.”
Hazlewoods Corporate Finance department broke all records in 2019, advising on 205 transactions worth more than £1 billion, and was the most active corporate finance team in the South West for the second year in a row.
If you would like to discuss a potential transaction, please contact Paul Fussell (paul.fussell@hazlewoods.co.uk) or Rich Grover (rich.grover@hazlewoods.co.uk) on 01242 680000.