Corporate finance specialists from business advisory firm
Quantuma have provided lead advisory services on the sale of Dorset-based
Turnparts Engineering Ltd to a private investor. Led by Director Philippa Robinson and Manager Tom Lucas, the Quantuma team provided sell-side advice and full transaction support to the shareholders of Turnparts.
Established in 1980 in Wimborne, Dorset, Turnparts Engineering is a precision manufacturer with extensive capabilities with milling and turning. Turnparts leverages a diverse range of advanced machinery, from two-axis to five-axis systems, combined with expertise in machining a wide variety of materials, to deliver precision metal components to its clients.
Quantuma director Philippa Robinson and manager Tom Lucas led the sales process for Turnparts on behalf of the shareholders, using a hands-on approach to find an investor that would continue to deliver the reputation for high-quality machining that Turnparts has built up. The private investor has industry experience and will work with
Paragon Bank who will continue their 20-year history of funding Turnparts Engineering under the new management.
Successful saleJason Jones, managing director at Turnparts, said: “Philippa and Tom were key to ensuring the right person purchased the business. A successful sale happened due to their determination to make sure everything went smoothly.”
Ms Robinson added: “I am thrilled to get this deal over the line, finding a great solution for Jason and the other shareholders while finding the business an experienced new owner to continue delivering for the clients of Turnparts.”
Adrian Taylor, head of invoice finance at Paragon Bank, concluded: “We are proud to continue our long-standing relationship with Turnparts Engineering and support another acquisition through invoice and asset finance facilities; a reflection of our expertise and ability to stay close to evolving complexities that can arise during the transaction. Supporting quality British manufacturing businesses like Turnparts is central to our mission, and we are pleased to be able to play a part in helping the company grow and thrive going forward.”