Murrell Associates have recently advised the founder of Murray Technical Services Limited in relation to the acquisition by RSE (Ross-shire Engineering Limited) of a majority stake in the company.
Scottish headquartered engineering group RSE completed the acquisition of Southampton company M-Tech; an electrical engineering and installation contractor for the UK water industry.
The deal will see RSE take up a majority share in the business whilst retaining the key skills of the M-Tech Team.
RSE Managing Director, Allan Dallas, commented:
“M-Tech have a great reputation across the south of England for electrical installations and maintenance. The M-tech acquisition is a reaction to increased demand for RSE ser-vices in the south, and we are now pleased to bolster our skills-base and credentials in this region.”
M-Tech Managing Director Paul Murray welcomed the acquisition as a boost for the business’ growth ambitions:
“We have experienced year on year growth since incorporating the business in 2013. We felt the business needed the support of a larger partner to target the next phase of growth. RSE’s unique suite of products and capacity to deliver larger projects was a major attraction for our management.”
Henry Maples, Partner of Murrell Associates, who was lead legal adviser on the deal said:
“We are pleased to be able to support M-Tech through this transition to a new stage of development and we look forward to seeing the business grow.”
Paul Murray, M-Tech Founder and Managing Director, said:
“The transaction required a full understanding of the deal and a collaborative approach, Murrell Associates delivered on both. The work was on time and on budget.”
Get in touch
If you would like to discuss any of the issues raised in this article, or would like assistance with any Mergers and Acquisitions, Henry Maples would be delighted to hear from you. You can reach Henry on 07539278903 or firstname.lastname@example.org.