KBS Corporate has successfully completed the acquisition of John Unwin (Electrical Contractors) Limited, a family-run business dedicated to providing electrical contracting services throughout the East Midlands.
Established in 1963 and based in Loughborough, the company has developed a strong reputation and loyal customer base amongst the commercial, industrial and domestic sectors, by providing design, planning, installation, maintenance and testing services.
Hoping to sell the business in order to retire eventually, the shareholders of John Unwin approached KBS Corporate to assist in the sale. From the offset, it was clear that the company would benefit significantly from being acquired by an international trade buyer with experience of the electrical contracting sector. With this in mind, KBS Corporate proceeded to undertake a full analysis of global M&E and facilities management markets to find a buyer that matched the requirements of our clients.
An initial offer from a UK MBI candidate was received, which was then uplifted by an offer from Sintec UK Limited, a London-based electrical and mechanical contractor that specialises in commercial and industrial projects.
With operations in the UK, US, Latvia and Russia, Sintec maintains a global presence within the trade sector and is widely regarded as an industry leader.
The final deal with Sintec ultimately allowed John Unwin to become part of an internationally operating trade organisation as the shareholders had hoped, ensuring future growth of the business and its UK operations.
Matthew Sibley, of KBS Corporate, advised on the deal and commented “With John Unwin being a highly regarded and well known Electrical force in the UK, this was an incredible opportunity for Sintec to expand its UK operations.
“I am confident that Sintec has the means to take John Unwin into a period of continued growth, which as a result provides reassurance to our clients who can now retire comfortably. I wish both parties all the best going forward.”