Precise Component Manufacture secures investment from Blauvelt Capital
Precise Component Manufacture Limited (PCML), a UK-based precision engineering and manufacturing business, is pleased to announce that it has completed an agreement pursuant to which funds managed by Blauvelt Capital Partners, a North American private investment group, will make a growth capital investment in PCML.
This announcement follows a highly successful period spanning fifteen years under the stewardship of its current directors which has seen Cambridgeshire-based PCML establish itself as a trusted design and manufacturing partner for customers in the life sciences, scientific testing, digital printing and semiconductor industries. During this time, PCML also launched its ground-breaking ProcureSmart solution that integrates MRP, inventory management and lean manufacturing to provide quality approved, just-in-time deliveries, direct to its customers’ production lines. Today, PCML has evolved into a one-stop shop for customers in R&D intensive sectors that require expert, outsourced assistance in managing their design, production and fulfillment challenges.
Commenting on the transaction, Gavin Goates, CEO of PCML, observed, “We are extremely delighted to be announcing this partnership with Blauvelt, which I believe is a strong endorsement of our successful business model and track record to date. PCML has a unique competitive advantage and huge growth potential that Blauvelt has identified as the perfect fit for their business. Together, with Blauvelt’s capital investment and complimentary high-quality management expertise, our new team will continue to focus on driving operational performance to maximize our Customer value proposition. “
“We are thrilled to be backing Gavin and his entire team at PCML”, said Roddy Cruz, a partner at Blauvelt. “They run a world-class industrial enterprise just outside of Cambridge and we eagerly look forward to providing them with whatever capital and strategic resources they may need to realize their full potential on a larger stage.”
BCMS acted as financial adviser to the directors of PCML and Stuart Hodge Corporate Lawyers acted as their legal adviser. Blauvelt was advised by Taylor Wessing and BDO International.
M&A advisor BCMS is a market leader in the sale of privately owned companies, having completed in excess of 500 deals in the last decade. With U.S. headquarters in New York City, BCMS has a presence across five continents, with over 240 staff based at 23 different offices.