Arlington Industries02 November 2017
Shawbrook Bank and Wells Fargo deliver £45m club deal to fund Arlington Industries’ acquisition of Magal Engineering
A two-funder syndicate, comprising Shawbrook Bank and Wells Fargo has delivered a £45,000,000 senior debt and cash flow facility to enable the acquisition of automotive mechanical engineering firm Magal Engineering by Arlington Industries. The transaction will also provide additional working capital to support the growth of the enlarged £170m turnover group. Clearwater International acted as debt advisors to the shareholders of Arlington Industries.
Arlington Industries Group Ltd is a Midlands-headquartered company that integrates supply chains across aerospace and automotive markets to deliver greater efficiency to global Original Equipment Manufacturers (OEMs). The Group continues to enhance its supply chain offering by acquiring businesses across aerospace and automotive industries.
With nine sites in the UK, one in France and a diverse workforce of over 650+, Arlington Industries provides a vast range of products and services, such as design and manufacture, welding, pressings, coatings, assembly, metrology, PPM (planned preventive maintenance), service and maintenance and logistics. Arlington Industries is backed by US Private Equity firm, Cartesian Capital.
Magal Engineering has worked in partnership with the global automotive industry for over 50 years. Magal is a specialist automotive component and system supplier, a UK based company with manufacturing facilities in the UK, France,Turkey, India, USA and China. Within the Global automotive market the Magal name is associated with delivering complex design solutions, consistent quality, on-time delivery, a depth of engineering capability and competitive pricing. Magal is recognised as a Tier 1 global strategic supplier to the major OEMs, attaining preferred supplier status with Ford, Daimler, Jaguar Land Rover, Renault Nissan and PSA.
Mark Franckel, Group CEO of Arlington Industries