Finance deal enables smooth transition of ownership Find out how Close Brothers Asset Finance helped two existing team members at Able Tooling Limited to secure a management buy-out following the retirement of its founder and former owner. The customer Founded in 1989, Able Tooling Limited specialises in the design and manufacture of precision tooling for a variety of industrysectors including automotive, medical, food and aerospace. The business has a team of highly skilled toolmakers and machinists and has an established reputation for producing high quality products. The challenge Long-term employees, Scott Lewthwaite and Carl Brazil were looking for a finance facility to provide funding for the acquisition of Able Tooling Limited from founder and former owner Nigel Rhodes. Scott and

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