PJD announces growth plans following investment from LDC

UK-based mechanical engineering business PJD has announced growth plans following investment from LDC, a private equity provider and part of the Lloyds Banking Group.

The investment represents LDC’s first deal completion using capital from its recently launched £200m manufacturing and specialist engineering commitment — an initiative focused on supporting businesses with specialist manufacturing capabilities across a range of niche sectors, including power generation, aerospace, defence and oil and gas.

PJD’s board will continue to be led by chief executive David Hayle and Peter Douglas will remain as a non-executive director, while Tony Eckford steps into the role of chairman.

The deal will also see LDC director John Garner join the board with immediate effect.