Enact II Fund
Qualter Hall, founded in 1860, is well-known for its engineering excellence, both in the UK and internationally. The business has comprehensive design and manufacturing facilities and provides an attractive 'one stop shop' for a multitude of engineering solutions. Operating across a number of sectors and disciplines, its largest markets focus on bridge building, nuclear solutions (including design and manufacture of blast doors and bogies), mining and hoisting, water control gates/barriers and services to the ship building industry including design and manufacture of roll presses, hydro levels and plate bending machinery (from the Hugh Smith division).
On acquisition, the Company employs c120 people from its Head Office in Barnsley, South Yorkshire with a satellite office in Glasgow,where the Hugh Smith division of the business is located. Qualter Hall’s landmark projects include the multi-award winning Scale Lane Bridge on the River Humber at Hull, the moving bascule bridge in Indonesia and fixed bridges in Belize as well as ongoing work on the Thames Barrier with the Thames Estuary Asset Management team.
The insolvency of Qualter Hall’s parent company, Waagner Biro AG based in Austria, resulted in Enact supporting an MBO of the business by the incumbent management team in March 2019. Enact supported the MBO team with the acquisition, which brought stability to the business during a period of uncertainty due to the group insolvency.
Chris Cormack, Partner leading the Enact fund, commented: "Qualter Hall was an autonomous, standalone business within the Austrian, Waagner Biro Group. It has a reputation for high quality design and manufacture and has undertaken iconic projects around the world. We are delighted to support the management team in acquiring the business, which will allow them to deliver a number of exciting projects in the pipeline and fulfil their ambitious growth plans”