AN ALTERIOR MOTIVE FOR X-RAY EQUIPMENT COMPANY’S SALE
A more relaxed lifestyle for the company’s managing director has been enabled following the sale of Alterior Ltd by KBS Corporate.
Alterior is a Plymouth-based business which provides medical and dental diagnostic X-ray imaging systems and was founded in 2003.
The MD, Tony Hulbert, decided the time had arrived to pursue other interests in life while the operations director, Tom Lacy, wanted to remain with the company.
KBS Corporate, equipped with our prevailing network of potential buyers and exhaustive research tools, were instructed to facilitate the sale of the business and targeted a broad range of companies.
These comprised suppliers of medical equipment looking to expand their current product portfolio; other X-ray equipment providers aiming to expand their client base; suppliers to the NHS looking to increase their offering; supply and installation contractors for all medical sectors; and suppliers looking to gain access into leading manufacturing firms to secure future contracts.
Due to the niche service offering, there was considerable interest in Alterior from private equity buyers.
However, the eventual acquirer for £2.3million was Dublin-based company Medray Imaging Systems, which is the leading provider of radiology equipment, accessories and consumables to the healthcare industry in Ireland.
The transaction, overseen by Charles Needham, KBS Corporate Deal Executive, met the client’s targeted objective while also enhancing Medray’s presence within the UK’s NHS system.
“It’s always great to see my clients achieve their aspirations in deal value and deal structure,” said Charles. “I’m excited to see what the future holds for Tom under the umbrella of Medray.”