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Sale of Quadscot Precision Engineers - 3rd October 2014 - Click for larger version Sale of Quadscot Precision Engineers - 3rd October 2014

Macdonald Henderson is pleased to advise the sale of Quadscot Precision Engineers (a provider of high quality computer controlled and conventional precision engineering and machining services primarily to the oil, gas and petrochemical industries) to Pressure Technologies PLC for a maximum total consideration of £10.3 million. Macdonald Henderson acted for the sellers.

Founded in 1990 by the joint owners Jim Smith, the current Managing Director, and Bob Cant, the business is based in Blantyre, near Glasgow. Continuous investment has been made in modern, high quality engineering equipment which is manned by highly experienced engineers and machinists, providing milling, turning, boring, grinding and electric discharge machining.

Quadscot has a long established good quality “blue chip” customer base in the oil, petrochemicals and gas sectors. It employs 55 people and upon completion of the acquisition Jim Smith will remain with the enlarged business, retaining his long standing role as Managing Director.

With its head office in Sheffield and its origins going back to 1897, Pressure Technologies PLC is a growing, profitable, dividend paying, AIM listed, leading designer and manufacturer of speciality engineering solutions for high pressure systems serving large global markets. The company is building a highly profitable group of companies, specialising in technology for the containment and control of liquids and gases in pressure systems through a combination of organic initiatives and acquisitions.

Joint owner and MD Jim Smith commented:

“We received an outstanding level of advice and service from Macdonald Henderson, who guided us through the complexity of the disposal process with confidence and professionalism. We cannot speak highly enough of the MH team’s commitment to their clients”.

Macdonald Henderson co-advised on the transaction with Consilium CA, with HLW Keeble Hawson (Sheffield) acting for Pressure Technologies PLC.

Last updated: 8.31am, Friday 3rd October 2014

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