Acquisition of Premier Hytemp Group by Souter Investments

TRANSACTION TYPE
Acquisition

ARGYLL ROLE
Buy-side

DEAL TEAM
Andrew Nicolson, Barry Wingate

SECTOR
Industrials

WEBSITE
premierhytemp.com

Argyll Partners Energy and Environmental Services team has advised family office, Souter Investments, on its acquisition of Premier Hytemp Group (PHG), a leader in precision engineering of Nickel alloy components for the energy sector.

PHG is a market leader in the supply and precision machining of advanced metals, including specialist nickel alloys for use in critical components across complex high temperature, high pressure, and corrosive environments. The company’s capabilities include materials supply and stockholding, cutting, rough machining, boring, trepanning, heat treatment, coating, and finished machining. Premier Hytemp operates facilities in the UK, Singapore, and Malaysia.

Argyll Partners supported a bilateral process requiring detailed examination of the working capital requirements of the business today and in the future and the formation of a complex strategic route map involving geographic expansion, product enhancement and new market positioning.

John Berthinussen, Managing Director, Souter Investments said: “We greatly valued Argyll Partners’ sector expertise and knowledge of developing trends in the rapidly evolving energy sector. The transaction benefitted from their diligent analysis, coupled with insightful commercial and strategic advice. They are a highly trusted advisor who worked seamlessly alongside us, and we look forward to working with them in the future.”