Quantuma advises on sale of Dorset-based Turnparts Engineering
Precision manufacturing firm Turnparts Engineering has completed its sale to a private investor. Corporate finance specialists from Quantuma provided advisory services to the shareholders of Turnparts.
Established in 1980 in Wimborne, Dorset, Turnparts Engineering is a 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.
The deal with the private investor will supply financing to expand its operations in the coming period. The investor reportedly “has industry experience”, according to a release from the firm, and will work with Paragon Bank, who will continue their 20-year history of funding Turnparts Engineering under the new management.
Adrian Taylor, head of invoice finance at Paragon Bank, said, “We’re 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’re pleased to play a part in helping the company grow and thrive in its next chapter.”
Business advisory firm Quantuma provided lead advisory services on the sale of Dorset-based Turnparts Engineering Limited 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.
Jason Jones, managing director at Turnparts, commented, “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.”
According to Quantuma, its professionals used a “hands-on approach” to find an investor that would continue to deliver the reputation for high-quality machining that Turnparts has developed over its history.
Philippa Robinson, director at Quantuma, added, “I am thrilled to get this deal over the line, finding a great solution for Jason and the other shareholders whilst finding the business an experienced new owner to continue delivering for the clients of Turnparts.”
