Morgan Cole Corporate Finance has advised the purchasers of a Thames Valley engineering company on their £3m-plus acquisition of the business.

Paul Hardman, Morgan Cole Corporate Finance Partner, advised both the management buy-in team of James White & Son (Engineering) Co. Limited led by Ian Tubbs, and HSBC Bank.

The company provides specialist sheet metalwork and precision engineering to niche sectors including the medical, aerospace and defence industries. The Reading-based company has a number of large blue chip clients and enjoys a ‘preferred supplier’ status for a number of key customers.

The sale was to an MBI team led by Ian Tubbs and Chris Steel who are determined to foster the growth of this well known business. Debt funding was provided by HSBC Bank.

Paul Hardman said, "James White & Son enjoys a long established reputation for quality and with its strong customer base will provide a great platform on which the talented new management team will build."

Barry Niven of Field Seymour Parkes worked with James Cowper's corporate finance team acting for the vendors.