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Engineers Complete First Acquisition Following £1M Investment

 

Posted on 30 April 2015

LEADING consulting engineering firm Morgan Tucker has acquired mechanical and electrical firm BES Consulting Engineers as part of their ambitious growth strategy.

The acquisition is the first the firm has made since the Foresight Nottingham Fund invested a seven figure sum to support their growth plans to expand across the UK.

The deal means Morgan Tucker can add mechanical and electrical engineering services to its existing multi-disciplined consultancy, enabling them to provide clients with a broader depth of national and international experience.

“Our strategy has always been to create more regional offices throughout the country to enable us to service more clients more thoroughly,” said Matthew Tucker, managing director at Morgan Tucker. “This acquisition will be mutually beneficial for both sets of clients.

“We have worked with BES a number of times over the past 12 months and it made sense for us to make the move permanent.

“Increasing our mechanical and electrical engineering capabilities across the country will enable us to provide our clients and BES’ clients, with an improved breadth of services.

“The deal also means we can now offer a full suite of engineering expertise from our office in Oman.”

The BES Consulting Engineers name will remain for the medium term and will operate as the mechanical and electrical Building Services Division under the umbrella of the Morgan Tucker Group.  The two BES offices at Newton Aycliffe, Co Durham and Egham, Surrey, which house their staff, will remain.

Derek Griffiths, director of BES, said: “We have been collaborating with Morgan Tucker on a number of projects over the last 12 months.

“From the outset we discussed coming together as we were a very good fit from a business and cultural perspective.

“The acquisition will help to facilitate the growth of both businesses and allow us to offer the wider range of consultancy services to our existing clients.

“The future looks very bright and we see this as great news for our staff, our business and, most importantly, our clients. “

The deal was overseen by Richard Stanley and James Bagley of Smith Cooper, Austin Moore of Austin Moore Law and Bill Eastwood of Eastwood Anglo.

Morgan Tucker employs around 100 people across its offices in Newark, Nottingham, Leeds, London, Oman and the Czech Republic. It has ambitious growth plans to increase this to more than 200 by 2020.

Matthew added: “We are a very people-focused company and I firmly believe in having the right people in place. I am pleased to welcome the whole team on board.”

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