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Promanex Group

Promanex has acquired Coventry & Co, the Pontefract-based engineering firm with 20 staff, for undisclosed terms.

Promanex Group has undergone a £5m secondary management buy-out, including the three operating divisions of Thermal Energy Construction of Castle Donington, Promanex of Atherstone and Jefco Services of Grimsby.

Promanex Group has raised £8m from Sovereign Capital to expand its industrial support services business, and has also announced the acquisition of Jefco Services.