The Brantham Group Completion

The Brantham Group comprises Brantham Holdings, Brantham Engineering and Nortec Production. Meta Corporate Finance was mandated to advise the existing shareholders, John Hymus, Adrian Winch and Tim Mann, on the sale of the group to the management team. The management team is led by Simon Cruddace, who becomes managing director, supported by fellow directors Courtney Bell, Gary Dearmer and Darren Webb.

The growth of Brantham is set to continue as the directors focus on the supply of low to medium volume, high tech board assembly and continue to move more into box build and full integration, supplying their customers a complete manufacturing service. The group’s employees now number 150 and the new 10,000 sq.ft factory, which joins the existing premises in Witham, is now complete. Brantham Engineering has recently commissioned equipment which will facilitate its move into lead free assembly.

The day-to-day running of Brantham Engineering and Nortec Production will continue largely as it has done during the last year. Adrian Winch and Tim Mann’s involvement in the day-to-day business will reduce, focussing on strategic corporate development. John Hymus has now retired from the board and has exited from his shareholding.

Adrian Winch said, “We are delighted with the transaction and look forward to supporting the management team through Brantham’s next phase.” Tim Mann added, “This was a complex transaction, handled with great skill by Peter Counsell at Meta. We had to find a structure that accommodated the requirements of the exiting, ongoing and incoming shareholders and of the funders. Peter’s experience in building such structures and his knowledge of the funding market was vital to the achievement of those requirements.”

Peter Counsell said, “I am very pleased to have helped the shareholders achieve their objectives. Brantham is a fantastic group and the incoming management team is well placed to exploit further growth opportunities.”