Precision engineering acquisition completes

GMD is a Plymouth based sub-contract engineering business providing a broad range of precision engineered components and designs solutions for new and existing engineering problems. They hold a strong reputation for undertaking complex projects and turnkey solutions for customers in the South West which includes highly valued sectors such a marine, defence, food processing, energy and pharmaceuticals.

Leviathan brings significant additional expertise to manage, improve and grow the business alongside the Sansom brothers who remain within the business they started over 25 years ago. An ambitious plan has been developed to further expand the unique services and capabilities of the company to an increasing customer base whilst also facilitating suitable management transition. Leviathan CEO Glenn Karlsson and CFO David Sneddon are closely supported by two extremely experienced engineering and manufacturing experts in Barry Debenham and Kevin Parkin.

“We aim to create a first class, integrated engineering group based in Bristol. This acquisition is a great step in the right direction, made possible by access to this bespoke loan facility and the support of the team at SME Capital.”

– Glenn Karlsson, CEO Leviathan

GMD is intended to be the first of a series of acquisitions in the sub contract engineering sector that Leviathan anticipate to make with the aim of producing 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.

Leviathan extended their thanks to their legal partners HCR based in Cheltenham and the tax partners Deloitte based in Bristol for successfully supporting the acquisition.

We look forward to continued success for GMD and working with Leviathan again in this sector over the course of the venture lifecycle.