Newcastle-based engineering consultancy CD Group has been acquired by recruiters and contractors NRL Group.
The deal creates a combined business of £185m turnover, and CD Group's 37 staff will now work as part of NRL Group.
Trading as Contract Design (Northern) Limited since the late 1980s, CD Group is made up of four businesses that offer international design engineering consultancy, draughting, quantity surveying, translation and recruitment services.
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From aircraft carrier builds to involvement in the Bonga oil project off the coast of Nigeria, the firm has worked on a wide variety of 海角视频 and overseas contracts spanning the offshore oil and gas, marine, petrochemical, nuclear engineering and manufacturing sectors.
NRL Group recruits staff with technical expertise for similar sectors and has supported the construction of 海角视频's first new nuclear power station since 1995, Hinkley Point C, and the biomass fuelled power station, Tees Renewable Energy Plant.
The Wigan-headquartered firm also operates bases in Sunderland and on Teesside.
Peter Douglass, departing CD Group managing director, said: “We’re delighted to be able to agree a sale with the NRL Group, having looked for an organisation who would understand our business and the clients we support.
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"Our shared industry expertise and client base makes them an ideal organisation to continue to develop the high-quality services our team have delivered since 1987.”
NRL Group’s CEO David Redmayne added: “Both organisations have a great deal in common, as family-owned businesses set-up in the 1980s – each developed and grown in line with the changing needs of the energy and engineering industries we support.
"Having spent a number of months understanding the CD Group, its colleagues and operations, we were delighted to see so many parallels with our own organisation – together with a shared business culture and ethos.
"We’re excited to officially welcome the team into the NRL Group and look forward to working with them to deliver expertise at work.”
The shareholders of CD Group were advised in the sale by Muckle LLP corporate solicitor Hayden Richards with support from partner Matthew Walsh.
Mr Richards said: “We’re delighted to have been involved in this transaction and it’s been a pleasure to work with Peter and the team at CD Group to help them realise decades of hard work in the sector. Peter and his family should be proud of the business they built over many years, and we wish them all the best for the future.”