Travers Smith LLP has advised long-standing client Marshall Group on the sale of Slingsby Advanced Composites to Mangohojden AB, a privately held Swedish company seeking to develop a group of specialist aerospace and defence businesses.
Acquired by the Marshall Group in 2010, Slingsby Advanced Composites is one of the UK’s premier complex composite structures and assembly service providers operating across land, air and sea defence platforms.
Established in 1909, Marshall Group is an independent British aerospace and defence company providing mission-critical support to a global customer base of governments and prime contractors.
The cross-practice Travers Smith team on this transaction was led by Corporate Director Neal Watson, supported by Associates Fergus Macleod, Natalia Ivanova and Gloria Cuccu, and Trainee Ashanti Brazier-Olatunde. Specialist advice on this carve-out transaction was provided by Technology & Commercial Transactions Senior Counsel Michael Ross and Senior Associate Nick Brady, Head of Tax Russell Warren and Senior Associate Callum Burgess, Competition Partner Nigel Seay and Senior Associate Theodora Zagoriti, Employment Partner Ailie Murray and Senior Associate Marianne Parkinson, Pensions Partner Chris Widdison and Associate Savannah Adeniyan, Real Estate Senior Associate Claire Parker and Operational Risk & Environment Associate Fergus Crutchley.
This follows the firm's earlier work advising Marshall on the carve-out sale of Marshall Fleet Solutions, the UK's largest Thermo King and Frigoblock dealer, to Trane Technologies, a global leader in sustainable transport temperature control solutions, which was announced in April 2025. Marshall Fleet Solutions offers a full suite of refrigeration services including installation, maintenance and repairs, in addition to tail lift services and comprehensive fleet management. With the sale, Marshall Fleet Solutions joins Trane Technologies’ Thermo King business in EMEA, where it will continue to serve the UK market, now as a company-owned dealer. The acquisition included Marshall Fleet Solutions’ nearly 400 employees and its existing operations and depots across the UK.
