Endless buys majority stake in Stirling Dynamics

The GP drew down capital from Enact, a £10m fund targeting SMEs that is structured to take advantage of the Enterprise Investment Scheme (EIS).

In April, the vehicle made its first commitment, backing the West Cornwall Pasty Company brand and 35 of its outlets. 

Endless intends to grow the company's product range, boost product diversification and improve the consultancy services offering. 

Company
Founded in 1987 and headquartered in Bristol, Stirling Dynamics provides mechatronic systems and specialist engineering design services for the aerospace, defence, marine and energy sectors. Stirling is currently working with Lockheed Martin to provide training simulators for military pilot training.

The business employs 102 staff.

People
Chris Cormack, investment director for the Enact fund, will join the Stirling Dynamics board. Stephen Judd remains managing director of the company, with Robert Stirling as founder and president. 

Advisers
Equity – Gordons, Simon Pilling, James Cook (Legal); Tax Advisory Partnership, Russ Cahill (Tax). 

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