North East team drives GT reboot

Pictured, from left to right, are Carl Swansbury, from RG Corporate Finance; Sam Shield, from RG Corporate Finance; Dean Machnicki, from GT Group; Ian Black, from GT Group; and Steve Wright, from GT Group

A County Durham manufacturing business has entered a new chapter after being brought back into regional ownership through a management buy-out.

GT Group, the Peterlee-based supplier of engine air and emissions control systems, has been acquired from private equity firm Rcapital by its existing leadership team, supported by funding from Cynergy Bank. 

The move returns the company to local hands for the first time since 2016 and marks a significant milestone for one of the region’s best-known engineering brands.

The deal sees managing director Steve Wright, finance director Ian Black, HR director Kelly Kean and commercial and technical sales director Dean Machnicki take full control of the business. 

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