Castle Square advises Engineering firm on BiG acquisition

1st May 2018

With both companies advised by Sheffield Professionals, Chesterfield based BG Engineering Limited has acquired the share capital of Sheffield based Pentag Gears and Oilfield Equipment Limited (-Pentag).

Pentag has been operating for over 100 years and designs and manufactures high quality gearing for bespoke projects. As part of the transaction Martin Wragg and Andrew Larkin will remain with the combined business as it locates to the 40,000 sq. ft. BG facility at Holmewood, Chesterfield. Pentag was advised on the disposal by Andy Ryder and Ellie Wilcockson of Shorts Chartered Accountants with legal advice provided by John Baddeley at Wake Smith. BG were advised by Steve Bell and Lisa Ritson of Castle Square Corporate Finance with legal advice provided by Paul Trudgill and James Burdekin of HLW Keeble Hawson. The transaction follows on the back of Cooper Brown Enterprises Limited's (-CBE) acquisition of a strategic stake in BG in April 2017 which was then followed by the acquisition of NiTEC Engineering Limited in August. Marie Cooper, Director of CBE, said -The opportunity to acquire the Pentag business will allow BG to grow and the acquisition of the complimentary skill base at Pentag will allow us to continue to invest in infrastructure and staff to deliver further growth in existing and new markets. Shorts Accountants Partner Andy Ryder said -It has been a pleasure to help Andrew and Martin find a suitable acquirer for this historic company. I look forward to seeing the Pentag business go from strength to strength under new ownership. Castle Square Director, Steve Bell said -This is the third transaction within the last twelve months that the firm has advised CBE on. The Pentag acquisition emphasises the focus of investing into CBE group specialist engineering businesses in the Sheffield City Region and beyond. We look forward to continuing to work with CBE on this exciting stage of development. John Baddeley, who has acted for Pentag over the years, added: 'We are really pleased to have advised the shareholders of Pentag on this transaction and assisted in securing the best possible outcome for all parties involved. The shareholders are delighted with the strong message from BG Engineering that growth, support and investment, as part of a bigger company, will be forthcoming. -We wish Pentag and BG the best of luck in their future plans. Paul Trudgill of HLW Keeble Hawson said -It was a pleasure to advise CBE on another strategic acquisition. The fit between Pentag and BG was obvious and as a combined business the opportunities for both elements to grow are very exciting."

You might also be interested in

We must not let inflation undermine South Yorkshire’s renewal say region’s business leaders

Mon 4th July 2022

On the publication of the South Yorkshire Quarterly Economic Survey (QES) for Q2 2022, the CEOs of Barnsley & Rotherham, Doncaster and Sheffield Chambers of Commerce said in a joint statement:

The big switch-off is coming. Are you prepared?

Thu 30th June 2022

We’ve seen significant changes across the workplace in recent years to support greater collaboration, and another major milestone is fast approaching.

Import Safeguarding - What does it mean?

Thu 30th June 2022

We have the latest information on Safeguard measure that was published on 22nd June which will have an impact on businesses in this region.

Sheffield Chamber are looking for a new printing contract!

Tue 28th June 2022

Could you help our team by providing specialised printing equipment that we need to produce vital exporting documentation for our members?