GLASGOW-headquartered Edwin James Group has rescued 70 jobs after buying Jex Engineering out of administration.
Chris Petts and Sarah O’Toole of Grant Thornton UK LLP were appointed joint administrators of Wakefield-based Redhall Group PLC and its two subsidiaries, including Redhall Jex Limited (Jex Engineering), on June 10. Following their appointment, the joint administrators executed a sales of Jex Engineering as a going concern to engineering services specialist Edwin James Group.
The move means all 70 jobs will be retained and customer contracts and projects will continue to be serviced as normal. Jex is a full-service engineering business based in Manchester and Redditch. As part of the acquisition, it will trade as Jex Process Services and will sit as part of the Process Services area of Edwin James Group.
The senior management team at Jex Engineering will work closely with the Edwin James leadership team to ensure a ‘smooth and efficient’ integration into the group.
Derek Smith, CEO of Edwin James Group said, “Jex Engineering is a strong addition to our portfolio and is aligned with our investment strategy to bring together solid regional businesses to create a leading national operator, well positioned for long-term growth.
“Jex Engineering has established, direct client relationships and its offering complements the existing parts of our Group, adding valuable expertise and resource. We are looking forward to working with the team.”
Administrator Chris Petts added, “Jex has been a strong performing business in its specialist sector for many years, and I am very pleased to have been able to deliver a sale as a going concern to a party which is well placed to continue Jex’s growth plans.”