KBS Corporate has recently completed the acquisition of Switch Controls Limited, a London-based firm that provides professional engineering services pertaining to the design, commissioning and maintenance of Building Management Systems (BMS).
Operating mainly within Central London, Switch Controls also undertakes a number of projects for high profile, blue chip clients throughout the UK and in various locations across Europe. Since 2001, the company has been offering its innovative, effective and economical control systems to clients, providing them with full and easy control over a building’s mechanical and electrical systems (such as air handling and cooling, fan coil and VAV units, heating and lighting).
Switch Controls’ highly experienced workforce, utilising the latest industry technologies and software, led the business into a period of strong growth, and with the market proving to be continually buoyant, the shareholders decided to exit the company in order to allow further development under the direction of a new owner.
After presenting the opportunity to acquire Switch Controls to a number of buyer types (including trade, private equity and venture capital acquirers), KBS Corporate was able to successfully finalise a deal with Rebus Investment Holdings Limited.
As a corporate entity created to acquire businesses with strong growth potential, Rebus’ purchase of Switch Controls was perfectly in line with the company’s acquisition criteria, allowing Rebus to generate significant income from the deal and potentially create high returns in the future.
Post-acquisition, the exiting shareholders of Switch Controls have decided to remain within the company for the foreseeable future to facilitate a smooth transition and ensure continual growth of the company.
Guy Haynes, Corporate Director, advised the vendor on the transaction and legal services were provided by Gateley plc.