Co-Eng Limited is successfully acquired
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KBS Corporate has successfully completed the sale of NMK Ventures Limited, the parent company of Co-Eng Limited. Formed in 1981, Co-Eng is a design and manufacturing business, offering an end-to-end service with project management and commissioning.
The company’s main services include CNC machining, CAD/CAM design and assembly tooling. Co-Eng also supplies technical expertise on a contractual basis at customers’ premises. Having developed detailed knowledge and expertise of the sector over many years, Co-Eng now upholds an excellent reputation for customer satisfaction and a high quality of service.
Whilst the shareholders of Co-Eng hoped to sell their shares swiftly in order to plan for other activities, they hoped to pass the business into the hands of a new owner that could drive growth and continue to maintain the company’s well-earned reputation.
To achieve this, KBS Corporate set out to contact a wide variety of buyer types, including trade acquirers, private investors, and private equity and venture capital firms. This process attracted twelve interested parties, who progressed to sign NDAs to learn more about the opportunity.
After three offers for Co-Eng were received, a deal was negotiated and agreed with Jim Brookes of Brookes Holding Coventry Limited. Having worked in the sector for many years previously, Jim was looking to engage in a new business opportunity and set up his company as an acquisition vehicle. With Co-Eng displaying a positive, scalable business model with strong growth potential, the company perfectly matched Jim’s acquisition requirements.
Fabio Rambelli advised on the deal and said, “It has been a pleasure working with the vendors of NMK Ventures and I believe the company will do very well under the leadership of Mr Brookes. I wish all parties the best of luck in future”.