Established in the 1960’s, Midlands-based PTI has more than 50 years experience in the manufacture of specialist precision components across a range of sectors including Formula One, medical, oil and gas and aerospace.
The business offers a full end-to-end service from initial design and testing through to full production runs. Its multi-national customer base includes some of the world’s largest businesses in their respective sectors.
How has Panoramic helped?
Funding from Panoramic Growth Equity, Finance Birmingham, and Santander Invoice Finance, has enabled the current management team to acquire the business as part of a buy-in management buyout (BIMBO) transaction.
The funding will provide additional working capital to support PTI’s ambitious growth strategy. It will enable the business to increase its product offering and to enter new markets such as nuclear and defence. It will also create at least 15 new highly skilled jobs, including a number of apprenticeships.
The company has subsequently received further funding to support an acquisition of Langstone Engineering, based in Portsmouth