hlw Keeble Hawson has represented the shareholders in a management buy-in of Chesterfield businesses NiTEC UK and Spire Laboratories by Cooper Brown Enterprises.
Cooper Brown Enterprises ’acquisition of a controlling stake in plating and surface technology specialist NiTEC UK and Spire Laboratories – a test house specialising in validation and certification for the surface treatment industry – will see Marcus Hill and David Brown, the founding shareholders of the businesses, remain in place and retain their shareholdings.
The management buy-in is the latest in a series of investments for Cooper Brown after it exited Sheffield’s President Engineering Group to acquire and apply its extensive expertise to boost the growth of engineering companies.
Marie Cooper, who is behind Cooper Brown, the acquisition vehicle, along with business partner Chris Brown, said: “The opportunity to acquire the NiTEC business was just what we were looking for. Myself and Chris have a skill set that will complement David and Marcus’s and together our combined expertise will allow us to take the business forward to achieve its full potential”.
Hill said: “David and I are extremely excited to work with Marie and Chris developing the business and we look forward to the future.”
Roger Dyson, head of hlw Keeble Hawson’s corporate team, said: “David and Marcus have been instrumental in developing NiTEC’s strong track record as a niche plating business at home and overseas and we are pleased to have been able to assist them with this deal with Cooper Brown Enterprises to take the company to the next level.”
Pictured, L-R: Roger Dyson, Matt Ainsworth, Michel Hall and hlw Keeble Hawson managing partner, Paul Trudgill
