Cooper Brown Enterprises, the acquisition vehicle of Marie Cooper and Chris Brown, has completed a deal resulting in a strategic investment in Chesterfield based BG Engineering. The deal was advised by, Kevan Shaw, Director of Sheffield based dealmakers Castle Square Corporate Finance with legal advice provided by Paul Trudgill, Partner of hlw Keeble Hawson.
Marie and Chris were previously part of the management team who successfully built Private Equity backed President Engineering Group, before its sale to Parker Hannifin.
Following their successful exit from President they set about looking for businesses, in which they could invest and add their considerable skills and experience to accelerate growth in revenues and profits. BG Engineering is the first targeted acquisition.
Kevan Shaw said
, “Having advised on the original Management Buy-Out of President Engineering we are delighted to have worked with Marie and Chris on their first acquisition since their successful exit and with the two of them on board at BG the company will go from strength to strength”.
Paul Trudgill said,
“We are very pleased to have assisted Marie and Chris. I am sure that their experience and expertise allied with the qualities of the existing BG Engineering team will make it a very successful investment”.
Founded in 1988 BG Engineering is a Precision Sub-Contractor that specialises in CNC Engineering and has achieved growth by investment in highly skilled individuals and continued investment in the latest machine tool technology, allowing it to work in diverse markets.
The company is involved in manufacturing OEM parts mainly to the gas valve sector, other industries include food and beverage, high pressure cylinders & utilities.
Antony Homes, founder of the company retains a significant shareholding as part of the deal, and remains as Managing Director.
Marie Cooper said,
“We were aware of BG through a long-standing relationship as a sub-contractor to PEGL. BG were known for their commitment to quality and expertise and it was clear following the introduction to Kevan how our operational and business backgrounds complemented the technical and commercial expertise in the business.
We are excited to be continuing our passion for success by building, supporting & maintaining successful teams, creating a flexible business strategy that aid’s growth through implementing best practices, processes & procedures. “