The buyout, led by senior field sales engineer Mark Mackinlay and company accountant Tony Jordan, was backed by GE Commercial Finance.
The business, which was established in 1985, has operations in Bury St. Edmunds and Huntingdon and employs 30 people.
As a result of the deal, Pneumatic, which is largely focused in the Midlands and East Anglia, will be able to expand its reach across the country as well as boosting its presence in the market, the management say.
The company also aims to improve its production as well as increasing its market penetration.
Mark Mackinlay said: “As one of the leading providers of electronic and pneumatic control systems, there is considerable business potential for us and our world leading manufacturer partners following the MBO and we hope to build on this opportunity and expand.”
Paul Edmeades, business finance director, GE Commercial Finance, said: “Pneumatic Lines is a robust company, surviving and evolving in a competitive market.
“Historically it is a stable business, derived from its strong track record with suppliers and end users within stable geographic sales territories, and also the vast experience of the management team.”
Pneumatic received guidance from business advisors Smith Cooper on the buyout and law firm Flint Bishop & Barnett provided legal assistance.
© Crimson Business Ltd. 2006
