A management buyout of historic Yorkshire based engineering business, Qualter Hall & Company Limited has been completed with the team acquiring the business from Austrian group Waagner-Biro. The Qualter Hall MBO deal has been backed by Enact, the £30m SME fund, run by Leeds-headquartered private equity firm, Endless.
Founded in 1860, Qualter Hall has demonstrated a history of engineering excellence both in the UK and Worldwide. Employing circa. 120 people from its Head Office in Barnsley, South Yorkshire, the business has comprehensive design and manufacturing facilities and provides a one-stop shop for a multitude of engineering solutions. Landmark projects include the multi-award winning Scale Lane Bridge, Hull, the moving Baturusa Bascule Bridge in Indonesia and fixed bridge in Belize, numerous bespoke projects in the Nuclear sector, as well as on-going work with the Thames Estuary Asset Management team which includes work on the Thames Barrier.
The existing Qualter Hall management team comprising Managing Director, George Orton, and fellow Directors, Graham Carr and Keith Richardson along with Commercial Manager Mick Glymond are joined by Enact Fund Partner, Chris Cormack along with Wayne Bowser appointed as Chairman. Mr Bowser had a 40 year career at HSBC and held positions including regional director for the North of England and latterly as deputy head of commercial banking based in Canary Wharf.
Chris Cormack commented, "Qualter Hall was an autonomous, standalone business within the Austrian Waagner-Biro Group. It has a reputation for high quality design and manufacture and has undertaken iconic projects around the world. We are delighted to support the management team in acquiring the business which will allow them to deliver a number of exciting projects within the pipeline and fulfil their ambitious growth plans."
George Orton said, "Qualter Hall has built up a renowned reputation over many decades for providing a unique service in the field of bespoke, turnkey project engineering both in the UK and Worldwide, of which we are extremely proud. It is very much 'business as usual' at Qualter Hall and we are delighted to have supportive partners in Enact and look forward to an exciting future together."