Updated: Feb 3
We’re happy to announce that we have been bought by the Northampton-based Go2 Engineering Group.
The privately funded deal for 316 Engineering is the eighth acquisition by the group in recent years, which is led by managing director Peter Dodd - himself a qualified mechanical engineer.
New management team led by Michael Donachie and Clyde Stratton
The new management team will be led by Michael Donachie. Michael is also the general manager at Go2 Engineering Group’s Gateshead-based steel fit-out specialist firm Tech Projects. He will be supporting Clyde Stratton as he re-joins as the Operations Manager.
Speaking about the acquisition, Pete Dodd said;
‘I am proud to be able to announce that 316 Engineering is the latest addition to the Go2 Engineering Group, or “family” as we prefer to think about it. ‘They are a perfect fit in terms of our existing portfolio of partners which allows us to form specialist project teams, drawing on the complementary skills we have across the wider group. I am also especially pleased to have Michael and Clyde leading the team during this period of transition. They are both highly skilled engineers and leaders which is exactly what we want as 316 Engineering gears up for growth.’
316 weathers the Brexit and pandemic storm
We understand that our colleagues in the UK engineering and manufacturing sector have inevitably struggled through the pandemic and changes following Brexit, we’re so pleased to say 316 Engineering has performed well during this exceptional trading period, with the food processing machinery driving growth that has meant that no furloughs have been necessary.
Michael Donachie comments;
‘We are delighted to become part of the Go2 Engineering Group to offer our specialist skills where we can to the larger organisation on major projects and as we grow as a business in our own right.
'Brexit has not impacted us in perhaps the way that might have been expected and we are already looking to make major investments here in terms of machinery and personnel. We want to be the “go-to employer in the Peterborough area for steel fabrication and expect to announce new roles in the coming weeks, as well as a major investment in our vital apprenticeship programme". These are exciting times for the business and the group and we look forward to the journey together.’
Pete Dodd concludes:
‘Our aim is to continue growing organically as a group and via further acquisitions to constantly expand our capabilities. We expect to announce further developments to strengthen the group’s offering in the coming months.’
Who are the Go2Engineering Group
The Go2 Engineering Group grows organically as a group via acquisition. We aim to be a one-stop mechanical engineering shop and be the ‘Go2’ people for all mechanical engineering solutions from conceptual design through to production and testing.
The Group currently consists of 8 Partner businesses that include precision engineering specialists Alman Engineering, Bradon Engineering, CV Precision Engineering, Green Precision, Seychell Engineering and Fabrications.
It also has fabrication specialists Tech Projects as well as 316 Engineering. For all non-destructive testing and calibration block requirements we have NDT Equipment Supplies as part of the family too.