Aycliffe Mill Masters Acquired In MBO

Aycliffe Mill Masters Acquired In MBO

Newton Aycliffe-based Mill Masters International has been acquired through a management buyout (MBO), with Natwest supporting the transaction.

Formed in 2014, MMI specialises in the design, manufacture, commission and supply of heat exchanger assembly machines and associated equipment, predominantly to the automotive and HVAC sectors.

Teams from MHA Tait Walker led by Michael Smith, and The Endeavour Partnership led by Nigel Williams, helped guide management team Chris Harford and Peter Chappell through the buyout process, while NatWest provided the facilities to enable the acquisition to proceed.

Between them, Harford and Chappell have more than 50 years’ experience in the automotive heat exchanger sector.

Source: Insider Media

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