Wed, 12 Mar 2014 | MBO/MBI
The directors of engineering solutions firm AE Aerospace have finalised a management buy-out of the business as part of its plans towards its goal of expansion.
The management team was headed by managing director Peter Bruch, who came to the business one year ago in March 2013, quality and operating systems director George Preston and engineering director Andy Masters, who has served over 19 years at the business to date.
The new owners have started to carry out an initial five-year strategy for growth and to reach new customers and marketplaces. The deal is also expected to boost its service offering to customers including Goodrich UTC, Moog, Bombardier, Rolls-Royce and BAE Systems.
Funding for the deal was provided by Lloyds Commercial Finance, and the management team was backed by Ruth Murday of corporate law firm Hawkins Hatton.
Established in Birmingham in 1996 to meet the aftermarket requirements of the aerospace sector, AE Aerospace carries out engineering solutions to the civil precision components market and works on military projects.
Mr Bruch said: “We are looking forward to the future and we will be working to re-invest in our people and equipment to extend and improve our service to our customers."
______________________________________________________________________
Related information:
Latest businesses for sale
This well-established facilities management business in London, specialising in cleaning, maintenance, and security services, offers a unique opportunity with multi-year service agreements ensuring predictable recurring income. This opportunity prese...
This thriving value added meat company, prominently featured in major retailers like Tesco and Sainsbury's, boasts impressive growth with sales projected to more than double by 2026. The business has shown remarkable growth and we are poised to incre...
This London-based health and beauty dropshipping store presents a remarkable opportunity with its fully responsive website, a strong emphasis on eco-friendly products, and a mission to protect bees, setting it apart in the market. The sale of the bus...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.