Acquisitions in Northumberland, United Kingdom

Hunting PLC completed the acquisition of the entire issued share capital of Flexible Engineered Solutions (Group) Holdings Limited (FES) for £50 million in cash on a cash-free/debt-free basis. FES provides proprietary subsea fluid transfer technologies serving offshore oil and gas and renewable energy markets, and will be integrated into Hunting’s Subsea Technologies operating segment. The sellers were members of FES’s current management team, who agreed to remain with Hunting for at least 12 months post-acquisition.

Edinburgh-based consumer brand investor Inverleith LLP has taken a majority stake in Montane, the Ashington-based specialist outdoor clothing and equipment company. The investment will support expanded UK and international distribution and sharpen product development, while Montane Managing Director Jake Doxat will step back from day-to-day management and remain a minority shareholder and board director.

Enerpac Tool Group (NYSE: EPAC) has acquired HTL Group, a Cramlington, United Kingdom-based provider of controlled bolting products, rental, calibration, repair and training services with fiscal 2019 revenue of approximately $17 million. The acquisition expands Enerpac's bolting product portfolio and global rental offering and aligns with its strategy to become a pure-play Tools and Services company.

GHO Capital has acquired a majority stake in Sterling Pharma Solutions alongside management. The investment will support Sterling's international expansion and accelerate growth of its specialist API development and GMP manufacturing capabilities from its UK base in Newcastle upon Tyne.