Thu, 31 Oct 2013 | MBO/MBI
President Engineering Group is celebrating three years of growth after the business was formed by a management buy-out deal in October 2010.
Directors Mark Henley, Marie Cooper and John Waddington purchased cryogenic valve specialist Bestobell Valves, Bestobell LNG and the UK-based operations of mining safety equipment maker Conflow from the Flow Group, and formed President to take the acquired businesses further.
Located in Sheffield, President has since added 33 per cent more jobs, taking its staff numbers to 115 from 86, and grown its revenues by almost 40 per cent and international sales by 37 per cent.
It also purchased a niche provider of coal monitoring products Bretby Gammatech Ltd in November 2012, to expand President's reach in the coal market.
“Over the past three years, we have faced challenges, such as the decline in the domestic mining industry, but we have also seen major growth in international markets, which has opened up many new opportunities,” managing director Mark Henley said.
"We are very optimistic about the future and are seeing great potential in new overseas markets for both Bestobell and Conflow, which is reinforcing our position as one of the leading suppliers to the global energy markets,” he added.
____________________________________________________________________________
Related information:
Engineering businesses for sale
Ridgeway Products sale to aid expansion
Explore the chance to acquire a thriving recruitment agency located in South England, offering a robust client base and growth potential.
Exceptionally busy MOT testing station and vehicle repairs/servicing business which has been in the same hands for over 30 years and proved particularly profitable for the vendor.
A unique opportunity to acquire a reputable Yorkshire-based haulage business with a strong regional presence and significant growth potential.
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.