Celtic Engineering Services Limited has been acquired by Bath Business (Group) Limited, a rapidly growing group of small to medium sized manufacturing companies.
Celtic Engineering provides general engineering services to clients across the UK from its head office and manufacturing base at Port Talbot. Having heavily invested in mechanical engineering since inception in 1982, the company’s range of services now extends to the engineering design, manufacture and machining of heavy plant components through to on-site welding, erection and maintenance of gantries and associated steelwork structures.
Through significant reinvestment, the company has developed a specialist knowledge base and skill set, a notable local reputation and relevant industry accreditations. With growth opportunities existing in the form of expansion into the nuclear industry, a pipeline of expected projects, and the possibility of devising a marketing strategy, KBS Corporate identified that the opportunity to acquire Celtic Engineering would attract a large amount of interest from both trade buyers and investors alike.
KBS Corporate devised a unique and bespoke research strategy in order to find the perfect buyer for Celtic Engineering, contacting mainly trade buyers from within the mechanical engineering sector, and private investors with prior experience in the sector.
Circa 25 parties pledged an interest and signed NDAs to receive full information about the opportunity to acquire Celtic Engineering. From this, four offers were presented, and finally, the offer from Bath Business (Group) Limited was accepted.
With Bath Business (Group) actively looking to incorporate a number of manufacturing companies throughout the South and the Midlands into its portfolio, Celtic Engineering was the perfect acquisition target.
Fabio Rambelli, Deal Executive at KBS Corporate, managed the deal through to completion and commented, “It was a pleasure working with our client at Celtic Engineering, and we upheld a strong, professional relationship from the offset of the process. From receiving the initial offer, negotiations progressed quickly and the deal has provided our client the clean exit and handover period that he hoped for. I think that Celtic will be in good hands moving forward, and I wish all them all the best.”