BDO advises on LDC’s investment in engineering technology business
BDO advises on LDC’s investment in engineering technology business
Accountancy and business advisory firm BDO LLP has advised on LDC’s investment in Reliance Precision Limited – a Yorkshire-based engineering technology business.
LDC's investment will support the company’s ambitious organic growth strategy. The partnership will also see Martin Whittaker join the board as Non-Executive Chairman. Whittaker, an aircraft engineer by background, is the former CEO of Survitec and Mettis Group and current Non-Executive Chair of RadioComs and Drone Evolution.
Founded in 1920 and headquartered in Huddersfield, with an additional site in Bandon, Ireland, Reliance Precision is a precision engineering company which specialises in the design, development, manufacture and testing of process critical and mission ready components for complex environments that are engineered at micron levels of accuracy.
Reliance partners with its global customers in the life sciences, defence and space industries from early-stage concept and prototype development through to full rate, long-term production. The business employs c.240 people across the two sites.
BDO provided seamless advice to LDC on its investment in Reliance Precision across M&A and Debt Advisory. The M&A team included Jason Whitworth, Tim Day, Joshua Hampton, Naomi Hill, Sabine Robinson and Jacob Procter. The Debt Advisory team was led by Ross McDonald, with support from Alastair Feasey, Will Reeve and Emma Morris.
Jason Whitworth, M&A partner at BDO, said: “The team was delighted to support LDC on its recent investment into Reliance Precision.
“For more than 100 years, Reliance has pushed boundaries in advanced engineering, growing its footprint from its Huddersfield base to become a world leader in engineering driven solutions.
“It’s a fantastic example of innovation and durability and a business that proudly flies the flag for West Yorkshire across the globe. We look forward to seeing LDC and Reliance Precision build on this strong heritage as they start this journey together.”
ENDS
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BDO LLP operates in 19 offices across the UK and Ireland, employing 8,500 people. It has revenues of £1.1bn.
It provides Audit, Tax, Deals, and Consulting, Risk & Outsourcing (CR&O) services predominantly to the entrepreneurial, ambitious and growing mid-sized businesses that are driving growth in the UK and Ireland economies.
BDO LLP is the UK and Ireland member firm of the BDO Global network.
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