The transaction marks an important milestone for both businesses and supports Veloom’s plans to accelerate the growth of MBE Fabrications across the UK, Europe and the United States.
Established more than 50 years ago and based in Spalding, MBE Fabrications is a leading manufacturer of prefabricated vehicle inspection pits and steel fabrication solutions. Through its operations, including Premier Pits, Premier Rail Pits, Premier Substructures and its vegetable harvesting systems division, the business serves the commercial vehicle, passenger service vehicle and rail sectors. MBE has a long-established presence in the UK and a growing international customer base, supplying products to 17 countries and employing more than 50 people.
The firm’s Corporate and Commercial team, led by Partner David Kaplan and supported by Senior Associate Liz Mills, advised on the corporate and banking aspects of the transaction. The property elements were handled by Ed Postlethwaite in the firm’s Commercial Property team.
David Kaplan, Partner and Head of Corporate and Commercial, said:
“It was a real pleasure working with David and Anuj at Veloom, together with Stef Radymski at Evolve Business Finance, on this transaction. David and Anuj have an excellent track record of working with and growing businesses, and I am confident that, under their stewardship, MBE Fabrications will continue to build on its strong foundations and achieve further success and growth. We are delighted to have played a part in bringing the transaction together and wish David, Anuj and the MBE team every success for the future.”
David Myles, CEO of Veloom, said:
“MBE Fabrications is an excellent business with a strong heritage, talented team and significant opportunity for further growth across the UK and international markets. David, Liz and the wider Rothera Bray team were pragmatic, responsive and commercially minded throughout the transaction, and their support was invaluable in helping us complete the acquisition successfully. We look forward to continuing to work with them as Veloom grows and expands its portfolio further.”
Should your business need legal advice on mergers and acquisitions, contact us on 03456 465 465 or email enquiries@rotherabray.co.uk
