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Engineering firm secondary buyout is Deal of the Month

Warwickshire-based manufacturer the Engineering Technology Group's secondary buyout has been chosen as TheBusinessDesk.com's Deal of the Month for June. The buyout was funded by Santander Corporate Banking in Birmingham, including finance from the bank's specialist Growth Capital Fund. ETG supplies machining tools and engineering services to manufacturers in the automotive, aerospace, and other specialist industrial sectors. Turnover at ETG has increased by more than 200% over the last three years to reach £30m. The buyout has seen sales director Martin Doyle acquire a majority shareholding in the business and become group managing director.

 

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