National law firm Shoosmiths has advised management of West Midlands-based PP Control and Automation, the UK's leading provider of strategic manufacturing outsourcing solutions, on a major new investment.
The Cheslyn Hay firm, which employs around 230 people, is expected to increase its sales to £40m within five years, thanks to the investment by Canadian-based corporate investor Ardenton Capital.
As part of the investment deal, PP's current managing director Tony Hague will become CEO - while founder David Fox will become chairman.
Shoosmiths corporate partner Paul Batchelor led on the deal, alongside corporate solicitor Helen Burnell.
Paul said: "It's great to advise on a deal where two companies share a long-term vision, and we are pleased that this also includes security for PP's employees and customers - and offering an exciting future."
Tony Hague said: "PP has seen steady growth in recent years but we know that this partnership with Ardenton will be a huge help in accelerating our growth in revenue; and as a firm. On a personal note, I really appreciated Shoosmiths' pragmatic approach and invaluable advice on getting this deal over the line."
PP's customers are involved in the machine tools, packaging, printing, medical, pharma, scientific and food processing sectors.