Aerospace
Exclusive financial adviser to Morvern Group on its sale to Precision Castparts Corp.
Background
Based in Derby and Worcester in the UK, Morvern is a leading manufacturer of wax patterns, ceramic core assembly, tooling and dynamic profiling for customers in the industrial turbine and aero turbine sectors.
The business has grown rapidly since private investors led a buyout of the company in 2019, transforming Morvern from a small UK supplier into an international strategic asset.
About the transaction
Steen Associates acted as exclusive financial adviser to Morvern Group on its sale to Precision Castparts Corp. (PCC).
The sale to PCC, a leading supplier of investment castings and forged components used in aircraft engines and industrial gas turbines, represents a logical next step for Morvern’s continued growth and strategic development.
About the client
Precision Castparts Corp. (PCC) is a leading supplier of investment castings and forged components utilised in aircraft engines and industrial gas turbines.
Commenting on the transaction, Jason Steen, who served as Chairman of Morvern from 2021 until its sale in March 2026, said:
"We were honoured to work with a top quality management team and workforce, who together turned Morvern from a small UK supplier to an international strategic asset through hard work and diligence. When a key customer approached us and expressed a desire to deepen their relationship, the Board felt a sale was the proper evolution for Morvern's employees, customers and business overall."
Date:
March 2026
Service:
Sell side
Size:
Undisclosed
Deal locations:
