Leviathan acquires UK Precision Engineering in deal brokered by Harrison Clark Rickerbys
Bristol-based engineering company Leviathan has acquired the majority shareholding of UKP - Exeter’s UK Precision Engineering – in a deal brokered by Cheltenham-based law firm Harrison Clark Rickerbys.
The deal, brokered by HCR's Rachael Reeves and Louisa Leach, means that Leviathan can continue their growth, following last year’s acquisition of the majority shareholding of GMD Eurotool Ltd (GMD).
UKP manufacturers a range of parts for sectors including motorsport, medical, marine and defence, as well as providing a detailed engineering support service. Leviathan’s acquisition brings additional expertise and skills to an already established company who have 25 years’ experience in the sector.
Corporate Partner Rachael, who led on the deal, said: “This is the second deal we’ve been able to assist Leviathan Engineering achieve – it’s excellent to be able to help them to continue their growth and expand further into the manufacturing sector. I wish them, and UKP, a long and successful collaboration.”
Glenn Karlsson of Leviathan said: “The work of Rachael, Louisa and their team was fantastic on this acquisition, and are already engaging again on our latest acquisition opportunity. We anticipate a tremendous level of growth over the coming 12 months and HCR will be at the centre of helping us achieve those industry leading targets.”
Harrison Clark Rickerbys has more than 800 staff and partners based at offices in Cheltenham, Birmingham, Cambridge, Cardiff, Central England, Hereford, London, Thames Valley, Worcester and the Wye Valley, providing a complete spectrum of legal services to both business and private clients regionally and nationwide.
