The Bristol-based engineering group, which specialises in niche engineering and manufacturing, now has a majority shareholding in Nicol & Andrew Group – who are known for providing a range of bespoke offerings to industry-leading clients across four divisions.
The acquisition will bring Leviathan’s industry experience and prowess to an already well-established team of experts, both boosting their position in the market along with their reach to clients.
It’s the third company to be brought under the Leviathan umbrella in 18 months – a rapid ‘buy and build’ schedule which part of the medium term plan to create an integrated, high-growth engineering group.
Rachael Reeves said: “This is yet another significant deal for Leviathan Engineering and I’m really pleased to have supported them with this further acquisition. Deals like these benefit both parties, bringing specialist expertise together with a wide client base. I wish Leviathan and Nicol & Andrew Group a long and successful future.”
Glenn Karlsson, Leviathan Engineering Group’s CEO, said: “Bringing Nicol & Andrew Group into the Leviathan family is a great achievement. I’d like to thank the Corporate team at HCR for their continued support – they are experts in their field and have made the process both seamless and fluid, from which we will continue to build strong foundations in the market.”