10 May, 2010
Darwen based WEC Group has acquired Nutter Aircrafts Limited for an undisclosed sum.
WEC Group, headquartered in Darwen, comprises six divisions, each specialising in different aspects of fabrication and machining.
Daniel Milnes, Partner at Forbes Solicitors whose Business Law and other specialist teams advised WEC Group on the deal commented "At a time when other companies are putting up the shutters it is a testament to our client's ambition that it is taking this opportunity to expand its operations by making this acquisition. WEC is a success story for the North West and we are proud to assist it in getting things done."
PM+M Corporate Finance provided corporate advice to WEC Group. Managing Director, Jim Akrill, added "WEC is a strong, growing business and the acquisition makes good strategic sense for them. This deal illustrates how, with the right approach and advice, it is still possible to get deals done, even in the current, difficult economic climate."
Accountancy firm Bishop and Partners advised the former owners of Nutter Aircrafts Limited and Taylors Solicitors provided them with legal advice.