Andrew Warren, previously UK Precision MD, continues to be a shareholder in the business and said, “We’re very pleased to see UKP joining the Leviathan Group and look forward to handing over and seeing the business continue to grow”.
Colin James, Co-Head of Origination at SME Capital, added “Andrew and Emma Warren developed UKP into a very strong business over many years with a very strong reputation for high quality products. Under the leadership of Glenn Karlsson and with the assistance of the broader Leviathan team and the operational management in UKP we look forward to supporting the business in its exciting next stage of development”.
Leviathan CEO Glenn Karlsson and CFO David Sneddon are closely supported by Leviathan’s two extremely experienced engineering and manufacturing experts in Barry Debenham and Kevin Parkin.
The team will be developing plans over the coming months to further expand the unique services and capabilities of the company including synergy to the wider group.
SME Capital have agreed to provide a bespoke 5-year term facility.
UKP is Leviathan’s second acquisition in only 10 months within the subcontract engineering sector where the strategy of an extensive buy and build program to create a wider, integrated engineering group headquartered in Bristol is now in full flow.
Leviathan continues to focus on premium value and growth sectors where various engineering services can be shared to address larger, more technical projects.
SME Capital was supported by Amber Kennedy at GPP, with Carly Brown and Andrea Unwin at Clarion providing advisory services.
Rachael Reeves, Louisa Leach at Harrison Clark Rickerbys Ltd, and Martyn Gregory, Lizzie Hill at Deloitte supported Leviathan with the acquisition.
If you would like to discuss acquisition finance in more detail or our wider funding capabilities do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
