HCR supports engineering firm growth

HCR’s Rachael Reeves led on Leviathan Engineering’s acquisition of the majority shareholding of GMD Eurotool Ltd (GMD) for an undisclosed sum.

Leviathan, based in Bristol, will expand the business and GMD, based in Plymouth is likely to be the first of several acquisitions on its journey to becoming a wider, integrated engineering group headquartered in Bristol. Leviathan aims to focus on premium value and growth sectors where various engineering services can be shared to address larger, more technical projects.

GMD has a strong reputation for undertaking complex projects and turnkey solutions for customers in the South West, including in highly valued sectors such a marine, defence, food processing, energy and pharmaceuticals.

Rachael, who was assisted by Mark Edwards, said: “Leviathan have been a client for some time, and I’m delighted to be able to support them at the start of an ambitious and well-planned journey towards a new business model for the company.”

Glenn Karlsson from Leviathan said of HCR’s assistance with the transaction: “The work of Rachael and her team was invaluable through a range of legal and Covid related challenges, and we look forward to working with them again.”

Leviathan brings significant additional expertise to manage, improve and grow the business and they plan to further expand the unique services and capabilities of the company Leviathan CEO Glenn Karlsson and CFO David Sneddon are closely supported by two extremely experienced engineering and manufacturing experts Barry Debenham and Kevin Parkin.

Harrison Clark Rickerbys has more than 800 staff and partners based at offices in Cheltenham, Birmingham, Cambridge, Cardiff, Hereford, London, Milton Keynes, Northampton, Thames Valley ,Worcester and the Wye Valley, providing a complete spectrum of legal services to both business and private clients regionally and nationwide.

The firm has a number of highly successful teams specialising in individual sectors, including education, health and social care, technology, agricultural and rural affairs, finance and financial services, defence, security and the forces, and construction.