Partner Article

Newly-established Northumberland electronics firm to ‘rapidly expand’ following OPSOL acquisition

Stocksfield-based Hindley Circuits Limited, a new electronics manufacturing firm, has acquired fellow Northumberland electronics business OPSOL UK Limited.

Established in 2002, OPSOL provides electronics design, manufacture, and outsourcing services to the electronic industry. The opportunity for the acquisition arose after its parent company, A-BELCO, got into financial difficulties.

Following the acquisition, Hindley Circuits - backed by Andrew Lapping of Hamilton Capital Partners - will continue to provide electronic manufacturing solutions to a diverse range of customers all over the North of England.

Richard Whitehead, previously General Manager at OPSOL UK, has been appointed as a director of Hindley Circuits Limited and states that his intention is to grow the business and employ at least double the current headcount within the next 3 years.

Legal business DWF Newcastle advised Hindley Circuits on the deal.

Investor Andrew Lapping said: “We were delighted to partner with Richard and his team to provide the necessary funding to make this transition happen.

“We intend to rapidly expand Hindley Circuits and our strategy is likely to involve an acquisition in the short term. The team at DWF were impressive in their tenacity to see the deal through and came to us with various solutions that saw it across the line.”

The DWF team was led by partner and Head of Corporate in Newcastle, Jeremy Swift, with support from corporate associate Jemil Visram, business restructuring associate Richard Holmes, and corporate solicitor Danielle Kelly.

Jeremy said: “It was a pleasure to see this transaction complete, the team worked hard to achieve a successful result for our client who is now able to progress in the electronics manufacturing industry and develop what is already a successful company.

“This deal highlights DWF’s ability to seek solutions for clients that enable efficient and quick outcomes as they enhance their businesses.”

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