Last week saw the completion of the multimillion pound acquisition of HTA Group by PM+M client WEC Group Limited. The acquisition will enable Lancashire-headquartered WEC Group to continue to dominate the UK’s laser cutting and fabrication sector.
Wayne Wild, commercial director of the family-owned WEC Group, said: “This is an exciting new chapter for HTA Group, its workforce and its present and future customers.”
“HTA’s partnership with WEC Group will create a major new force in the UK’s laser cutting and fabrication sector and allows both companies to offer more to our customers.”
“Continuous investment in new technology and in our workforce has been the hallmark of the WEC Group’s success and we’re delighted to welcome HTA into our growing family. It’s a really great fit for our business.”
“As another family run company we’re aware of the name HTA has forged for itself and its reputation for high quality work, service and delivery. Our aim is to build on that.”
“Both companies share the same values of continuous investment, commitment to training and a strong belief in customer care. That’s why we believe this new partnership is right for both businesses.”
“The expanded group makes us one of the largest laser cutting and fabrication operations in the UK. It means we can offer more services and skills to our customers.”
Jim Akrill, Corporate Finance Partner at PM+M, provided commercial advice, comprehensive deal support and financial due diligence to ensure the deal was completed satisfactorily. Jane Parry, PM+M Managing Partner, also advised on the complex tax matters surrounding the acquisition. Forbes Solicitors provided legal advice throughout the deal.