Completed Sales

The CDT Group

The CDT Group is the holding company for Custom Design Technologies Limited and MDH Wireless Technologies, which collectively provide design, development, and manufacturing services for plastic enclosures and associated electronic components, as well as alarm systems. The company has established a prominent position within its sector and is held in high regard for the quality and reliability of its offering, which has ensured the longevity and strength of its client base.

Having built up the business over the course of 35 years, the shareholder of The CDT Group approached KBS Corporate with the sale of their business to enable their retirement plans.

The CDT Group attracted 25 interested parties, the vast majority of whom came from UK trade. DiscoverIE Group plc, a constituent of the London Stock Exchange FTSE 250 index produced the successful offer. The acquisition will enable the company to expand its geographic footprint and market offerings.

The CDT Group was advised by Tom Eatough, Corporate Director, and Alex Medwecki, Corporate Deal Executive at KBS Corporate.

Nick Jefferies, Group Chief Executive of discoverIE, said:

“The acquisition of the CDT group continues our strategy of building a high quality, higher margin international group that designs and manufactures customised electronics. CDT will be integrated with our existing Contour business enabling more complex and integrated designs as well as providing CDT with access to our wider base of customers and with it, new sales opportunities. We are delighted to welcome CDT and its employees into the Group.

With a clear strategy focused on long-term, high quality growth markets, a diversified customer base, a strong pipeline of acquisition opportunities, the Group is well positioned to make further progress on its key priorities.”

Allton Warping Limited

Operating since 1995, Allton Warping Limited is a longstanding and professional provider of warping services to clients throughout the UK. The company has established a prominent position within its sector and is held in high regard for the quality and reliability of its offering, which has ensured the longevity and strength of its client base.

Ian Kempshall and Phillip Buxton, the shareholders of Allton Warping Limited instructed KBS Corporate to facilitate their retirement plans.

During the initial discussions, it became apparent that extracting the excess cash from the company, staff retention and clientele was of high importance of to Allton Warping Limited. This shaped KBS Corporate’s research strategy towards UK trade buyers, which resulted in 25 interested parties. The ultimate offer came from Eco Filters Limited. The acquisition will enable Eco Filters Limited to secure a chain of customers.

Matthew Sibley, Corporate Deal Executive at KBS Corporate advised Allton Warping Limited throughout.

Allied Insulators Limited

Allied Insulators Limited is a market-leading manufacturer of insulators, which are supplied to clients throughout the UK and internationally.

The shareholders of Allied Insulators Limited, instructed KBS Corporate to identify and agree a transaction with a strategic acquirer that could help leverage Allied Insulators market leading skillset.

The opportunity attracted 62 interested parties and four competing offers. The vast majority of interest came from UK private equity and trade. The successful offer came from Swedish buyer Addtech AB. The company have an energy supply division which has nearly 20 businesses that operates within the segment of power transmission. Allied Insulators proved a great opportunity to cross-sell existing products and services but also allows both parties work together on upcoming projects from the expected investment in the UK electric and rail networks.

Hans Andersén, Business Area Manager Addtech Energy commented, “The acquisition of Allied Insulators further strengthens our position as a leading player in the field of electric transmission lines. Allied Insulators complements our operations in an excellent way and establishes us as a significant supplier of overhead line material to network owners outside the Nordic region.”

George Barnes, Associate Corporate Director at KBS Corporate, advised Allied Insulators Limited. Legal support was provided by David Easdown and Ryan Tweedale from Knights Plc.

Micom Engineering Limited

Micom Engineering Limited provides high-quality precision engineered components and assemblies to a broad range of industries throughout the UK. The company was established in 2004, and over the years has developed a loyal yet diverse client base.

Paul Webber, the shareholder of Micom Engineering Limited, instructed KBS Corporate with the sale due to lifestyle changes.

The opportunity proved highly popular attracting 98 interested parties, the vast majority of whom came from UK trade. KBS Corporate was able to utilise this interest to generate a competitive bidding environment. The successful offer came from Northend Holdings Limited, as part of their acquisition via growth strategy.

Steve Alcock, Corporate Deal Executive at KBS Corporate, advised Micom Engineering Limited.

Chantry Chemicals

Chantry Chemicals offers a bespoke chemical and raw materials distribution service to the paint, printing inks, surface coatings, janitorial, lubricants, plastics, and sealants industries. The Company commenced trading in 1982, quickly establishing itself within its sector and building up lasting relationships with customers.

The shareholders of Chantry Chemicals, Phillip Jones and Jessica Taylor, instructed KBS Corporate with the sale of their business.

The company attracted 22 interested parties which led to a competitive bidding environment and enabled KBS Corporate to source a buyer within three months. The ultimate offer came from The White Sea & Baltic Co Ltd. The company periodically completes acquisitions to strengthen its position, the most recent of these being HiMar Performance Specialties.

Chantry Chemicals was advised by Charles Needham, Corporate Deal Executive at KBS Corporate, who commented: “The shareholders can now look to relax after a very difficult few years of running the company. It is always pleasing to see our clients realise a sale that allows them to happily walk away from the company. The buyers will be able to bolt the key assets of the Chantry Chemicals onto their business proceedings and benefit from an instantly increased volume of customers and stock levels.”

Gemini Parking Solutions London Limited

Gemini Parking London Limited is an independent provider of car parking solutions for businesses and private clients located across the UK. Since the company’s inception in 2012, Gemini Parking Solutions London Limited has experienced a sustained period of growth, gaining a steady stream of new customs from several well-established companies and organisations, and becoming ISO 9001 and SafeContractor accredited.

Ryan Jackson, Justine Smith and JKO Property Investments, the shareholders of Gemini Parking Solutions London Limited, instructed KBS Corporate with the sale of their business to enable them to pursue unrelated business interests.

The opportunity proved highly popular, producing 83 interested parties, and two competing offers. The final offer came from APCOA Parking, Europe’s longest-established parking management company which operates from its head offices in Stuttgart, Germany. The acquisition will enable APCOA’s geographic footprint, which mirrors the company’s acquisition of Dublin-based Nationwide Controlled Parking Services in 2019.

APCOA’s Regional Managing Director UK&I, Kim Challis, commented: “Gemini Parking Solutions is an award-winning business in this sector and will be a great fit with APCOA – we look forward to welcoming our new colleagues.

APCOA and Gemini have both actively supported improvements targeted by the new Parking Code and we will continue to strengthen robust policies and procedures to ensure all car park users are treated fairly, with respect and consideration.

We’re also excited to develop more innovative solutions in this area and to maximise opportunities in agreement with our clients, through the provision of our Urban Hub strategy where we will deliver via a range of community-focused products and services to create more sustainable urban life.”

Nathan Leah, Associate Director at KBS Corporate, advised Gemini Parking Solutions London Limited and commented: “I am delighted to have supported the exiting shareholders through their transaction with APCOA. Gemini commanded strong interest throughout our time on the market, but APCOA was by far the most credible, genuine, and serious buyer which we engaged with. I am delighted for the shareholders and wish APCOA all the best going forward, as they continue to grow and expand their already strong UK operations.”

Post completion all staff will be retained.

Kestrel International Circuits Limited

Kestrel International Circuits Limited is a market-leading supplier of value-added PCB solutions. The company was founded in 1995, since this time, the Company has achieved steady, organic growth, increased its international market share, and pursued expansion opportunities in a broad range of sectors.

The shareholders of Kestrel International Circuits instructed KBS Corporate to implement further growth. Kestrel International Circuits proved highly popular attracting 54 interested parties, which resulted in a competitive bidding environment. The ultimate offer came from Swedish trade buyer NCAB Group and will strengthen its position in the UK market.

“We are happy to announce the acquisition of Kestrel”, Peter Kruk, CEO of NCAB Group comments. “The UK is an important industrial market and Kestrel makes a good match to our own activities there. NCAB Group UK had 30 employees and net sales of SEK 310 million prior to this. We find the product range and business model of Kestrel similar to ours. We expect that we will be able to offer Kestrels´ customers increased product options and better terms.”

“Since it’s foundation in 1995, Kestrel International Circuits Limited has built its reputation on excellence of customer service, a stable and well managed supply chain and loyal enthusiastic employees, comments David Grant Kestrel’s Managing Director.

Guy Haynes, Corporate Director, advised Kestrel International Circuits throughout the process.

Mitigate Cyber

Mitigate Cyber is a trusted and highly reliable provider of cyber security services, offering testing, training, and certification services across the growing UK market through its innovative hub. The company was originally formed in 2012 and focused on research and product development until 2017, allowing the business to cement itself within the UK cyber security market. Mitigate Cyber was acquired by the current shareholders in 2018 and has seen considerable growth over the years.

The shareholders of Mitigate Cyber approached KBS Corporate with the sale of their business. The successful offer came from Citation which is currently highly acquisitive, having already completed QMS International, uCheck, and four other acquisitions since September 2020. The Citation Group benefits from a global presence with offices in the UK and Australia. Mic

Michelle Ciavatta, Managing Director at Mitigate Cyber commented: “We are so excited and pleased to be joining The Citation Group family – not only is this an amazing opportunity for the business to develop, but The Citation Group offer an extensive range of services that will be of great benefit to our clients. It is important to us that we offer excellent security services to our clients, and through this acquisition, we are confident that we will continue to do so as we grow and innovative our solutions.”

Chris Morris, Group CEO at The Citation Group, said: “Our vision is to create a one-stop SME ecosystem that provides the tools to keep businesses safe, sustainable and successful, and Mitigate Cyber adds perfectly to that.

“Managing and protecting data is vital for every business, whatever size or specialty, and effective cyber security is an absolute must-have for any forward-thinking business.”

Guy Haynes, Corporate Director, and Matthew Sibley, Corporate Deal Executive, advised Mitigate Cyber throughout the process.

Aurora Manufacturing Ltd and Venture Polymers (UK) Ltd

International recycling specialist Ravago has acquired Aurora Manufacturing Ltd and Venture Polymers (UK) Ltd, with KBS Corporate Finance advising the Sellers.

The two highly respected recycling companies had built a strong partnership by working closely together for over a decade. Given the collaboration in place and the potential synergies on offer through integration, the acquisition of both companies presented an interesting opportunity for the right buyer.

The project was led by Mughees Saleem (Corporate Finance Director) and George Dalton (Corporate Finance Executive), who advised the group throughout the process. The opportunity produced a competitive bidding environment with interest from both trade and private equity. The successful offer came from Belgian based sector specialist Ravago, with the acquisition enabling them to diversify their service offerings alongside strengthening their presence within the UK.

Mughees commented: “The shareholders of Aurora and Venture had built incredibly successful companies and it was important to present the relative strengths of each company throughout the process, with the transaction a great result for both buyer and seller.”

Alex Cook, CEO of Aurora, commented: “Following two decades of work within the UK plastics recycling industry we are pleased to announce the acquisition of our businesses into the Ravago group.

“As the recycling market continues to mature within the UK we are very much focused on expansion and realising our full potential in the coming years.

“The investment and support of Ravago will play a key part in this and will accelerate our ability to adapt and meet the requirements of the future market for recycled plastics.”

The Ravago group benefits from a global presence and a varied client base supplying clients within the automotive, electrical appliances, wire and cable, and packaging sectors.  Annually the group sells more than 6,700,000 tonnes of polymers. Ravago intends to grow its operations within the UK throughout the acquisitions of Aurora and Venture.

Manuel Gayo, Ravago Manufacturing Europe’s business director, added: “This is a key step in Ravago’s growth strategy in post-consumer recycling-based compounds as we continue to support our customers with solutions to meet the ever-increasing demand for post-consumer recycled plastics.”

East Anglian Fine Weld

East Anglian Fine Weld is a long-standing manufacturer of heat-sealing components, which are supplied to clients operating within the packaging industry throughout the UK and internationally. East Anglian Fine Weld was founded in 1983 and commenced trading, quickly establishing itself within its sector and building up relationships with new clients. The company is the only UK company and one of five globally to manufacture heat seal elements and stainless-steel belts.

Hans Reif and Sally Reif, the shareholders of East Anglian Fine Weld, instructed KBS Corporate with the sale of their business to enable their retirement plans.

The opportunity attracted 22 interested parties, with the vast majority coming from trade. This resulted in a competitive bidding environment with the successful offer coming from LBO Corporation PLC as part of their growth via acquisition plans.

Luke Rae, Corporate Deal Executive at KBS Corporate advised East Anglian Fine Weld.

Rooms & Views Manufacturing Limited

Rooms & Views Manufacturing Limited is a well-established and respected designer, manufacturer and installer of windows and doors for national and regional house builders based across England and Wales. The company benefits from a blue-chip client base and long-standing relationships with clients, several of which span over 20 years.

The majority shareholder of Rooms & Views Manufacturing Limited, Kevin McClure, approached KBS Corporate with the sale of their business to facilitate their retirement plans.

KBS Corporate implemented a diverse research strategy which resulted in 28 interested parties being identified, the vast majority of whom came from private equity, with some overseas trade. The successful offer came from Foresight Group LLP and marks the group’s second acquisition via KBS Corporate. The acquisition of Rooms & Views Manufacturing Limited will enable Foresight Group LLP to diversify their manufacturing portfolio into the windows and doors manufacturing sector.

Post completion the remaining shareholders will remain with Rooms & Views Manufacturing Limited, moving into a board position role.

Corporate Director at KBS Corporate, Andrew Dodd, advised Rooms & Views Manufacturing Limited throughout the process.

BIL Group

BIL Group specialises in the design, manufacture, and distribution of high-quality castors, wheels, product handling equipment plus other complementary products, offering a broad spectrum of services.

BIL Group attracted 39 interested parties, the final offer came from PHD Industrial Holdings Limited. The acquisition is the first for PHD Industrial Holdings Limited since a company restructure which has enabled greater flexibility for investors.

Tim Murrow, who will now become the BIL Group’s Managing Director, commented: “This is a pivotal point in the BIL Group’s journey which has spanned over 50 years and is testament to the incredible work that the team have put into building such a fantastic company. We are confident that as part of the PHD Industrial Holdings group, we will deliver on our ambitious strategic plans, along with growth of the business.”

The PHD team was led by Philip Price, Craig Richardson, and Andy Dodd. Craig Richardson, Director, commented: “The BIL Group team have done a great job in building a solid manufacturing business with quality products and catering to an expanding market. The business is a perfect match for PHD, which targets profitable SMEs with repeat products and services in established business to business industry sectors, and we see lots of opportunities to add value. We look forward to supporting the team as the business embarks on the next stage of its growth.”

Jay Singh, Corporate Finance Director at KBS Corporate, advised BIL Group.

Chandler Communications Limited

Chandler Communications Limited, is an award-winning, independent unified communications solutions provider, offering mobile and fixed communication services. Predominantly operating within the telecoms market, the Company has established a prominent position within its sector and is held in high regard for the quality and reliability of its offering, which has ensured the longevity and strength of its client base.

The shareholders of Chandler Communications Limited, Perry Chandler and Joanne Chandler, instructed KBS Corporate with the sale of their business as part of their retirement plans.

The opportunity proved highly popular attracting 123 interested parties and five offers. The ultimate offer came from Intercity Technology. The acquisition forms part of Intercity Technology’s growth via acquisition strategy having previously acquired Imerja.

Perry Chandler, director, and co-founder of Chandler Communications commented: “After thoroughly enjoying the past 36 years, and for very personal reasons, it’s time to hand over the reins. I’ve looked for a company who hold the same important values at their core as I do and have found this in abundance at Intercity.

“It’s fantastic to see two family-owned Midlands businesses coming together but, more importantly, it’s also great news for our customers. They will continue to benefit from working with our experienced communications specialists alongside Intercity’s leading support team. In addition, and most significantly, they will also gain access to a full range of IT services and other products which Intercity offers within its portfolio.”

Andrew Jackson, chief executive of Intercity, said: “Having seen how this well-managed business has grown over the last 30 years, and the care the team put into building long-term partnerships with customers, we recognised the huge synergies between our two organisations.

“We pride ourselves on our high levels of service and ensuring a positive customer experience within every aspect of the business, we measure this continually and will never rest in our pursuit of excellence and market leading customer satisfaction. Chandler is a great fit for Intercity and this deal is an important step in our long-term plan to grow through careful and considered acquisitions.”

Andrew Dodd, Corporate Director at KBS Corporate, advised Chandler Communications Limited.

Hervia Bazaar Limited

Hervia Bazaar Limited specialises in the sale of luxury apparel and products from several highly respected brands and designers, establishing a loyal client base and an exceptional reputation within the fashion industry.

Richard Duncalf and Oscar Pinto-Hervia, the shareholders of Hervia Bazaar Limited, approached KBS Corporate with the sale of their business.

The company received 25 interested parties which led to a competitive bidding environment. The ultimate offer came from Parabellum Investments, a family office operating as a global private equity firm.

Rami Cassis, founder of Parabellum Investments, commented: “Hervia has a rich legacy as a brand and strong foundations as a business, and our ambitious plans are based on driving future organic growth as well as exploring new acquisitions for Hervia.

“I look forward to investing in the business from top to bottom, including improving the customer experience, entering new segments of the market, and adding to an already excellent team.”

Oscar Pinto-Hervia, Chief Executive of Hervia, added: “It’s an exciting time for Hervia as we look to onboard fresh, new brands and open additional stores. I was struck by Rami’s enthusiasm and his growth plans for Hervia align with our ambitious vision for the company.

“His strong track record of leading and managing companies ensures he’s a great fit to take us forward into the next phase of expansion.”

Jay Singh Corporate Finance Director at KBS Corporate, advised Hervia Bazaar Limited throughout the process.

Channing Lucas and Partners

Channing Lucas and Partners is an independent marine insurance broker offering a comprehensive range of products and bespoke solutions to clients throughout the UK and internationally.

The shareholder of Channing Lucas and Partners approached KBS Corporate with the sale of their business to facilitate part of their retirement plans.

The opportunity attracted 39 interested parties which resulted in four offers. The successful offer came from DR&P Group Limited via investment from Inflexion Group. The acquisition was motivated by DR&P Group Limited growth plans.

Jay Singh, Corporate Finance Director at KBS Corporate, advised Channing Lucas and Partners throughout the process.

Tuffpipes Limited

Tuffpipes Limited is a manufacturer of rigid PVC ducting for supply to the utilities, construction, and infrastructure industries. The Company has experienced considerable growth since its inception, with its reputation for an exceptional service, knowledgeable workforce and high-quality products ensuring the continued strength of the business.

The shareholders of Tuffpipes Limited, Neil Tuff and Amanda Tuff, instructed KBS Corporate with the sale of their business to facilitate their retirement plans.

The opportunity attracted high levels of interest from UK trade buyers, with some also coming from private equity. The final offer came from Naylor Industries PLC as part of their growth and expansion plans.

Corporate Deal Executive at KBS Corporate, Stephen Alcock, advised Tuffpipes Limited and commented: “The acquisition of Tuffpipes Limited by Naylor Drainage Ltd will benefit both companies going forward. The products that Tuffpipes Limited offer will complement the already great service that Naylor Drainage Ltd provide to its customers.”

Neil Tuff and Amanda Tuff will remain with the business to enable a handover period.

Tyneside Standards Limited

Tyneside Standards Limited is a specialist provider of calibration, inspection, and repair services. The company has achieved steady, organic growth, increased its regional market share and pursued expansion opportunities across multiple sectors.

Having built up the business over the course of 23 years, the shareholders Harry Thompson and John Wood, instructed KBS Corporate with the sale of their business.

KBS Corporate implemented an international research approach which resulted in 34 interested parties which generated a competitive bidding process. The ultimate offer came from WIKA Instruments Ltd, which has an international presence. The acquisition is part of the company’s growth plan which mirrors the American branch of the company which has previously acquired ASL and Hirschmann MCS. 

Alex Phillips, Corporate Deal Executive at KBS Corporate, advised Tyneside Standards Limited and commented: “It was a pleasure to advise the shareholders of Tyneside Standards Limited, on their successful sale to WIKA Instruments Ltd. I’m positive the transaction will be a resounding success for both parties, and wish them all the best for the future.”

GT Certification Limited

GT Certification Limited operates within a niche industry to offer comprehensive measurement, calibration, and testing services to several clients throughout the UK and internationally. The company has experienced considerable growth since its foundation, with the strength of its workforce and service offering enabling it to build up an excellent reputation within its sector and maintain a high-value, long-standing client base.

Gary Thompson and Nancy Thompson, the shareholders of GT Certification Limited, approached KBS Corporate with the sale of their business to help realise their retirement plans. During initial discussions it became apparent that the shareholders were keen to source a buyer who would ensure staff retention and enable further growth of the business.

This shaped KBS Corporate’s research strategy towards UK trade buyers, a highly successful approach which resulted in 44 interested parties being identified. The successful offer came from Construction Testing Solutions, the acquisition marks the second the company has made through KBS Corporate within 12 months, having previously acquired Silkstone Environmental.

Alex Medwecki, Corporate Deal Executive at KBS Corporate, advised GT Certification Limited throughout the process.

MAW Consulting

MAW Consulting Limited is an independent organisation that offers a comprehensive range of construction consultancy services, primarily for the benefit of commercial businesses operating across Leeds and the North of England. The company has continued to expand, earning an excellent reputation, and enhancing its comprehensive service offering.

The company attracted 25 interested parties and three offers. Jonathan Cornes Associates produced the successful offer as a synergistic purchase.

MAW founder Mark Watson said: “From my first meeting with the Directors of JCA I felt that there was synergy with common values and a shared understanding of how to develop and run a multi-discipline consultancy.”

JCA Managing Director Jonathan Cornes said: “At JCA, we have an ambitious growth plan to expand the business nationally over the next decade, and part of this vision is through acquisitions and mergers under the JCA Group so that we can offer a national multi-disciplinary service to our clients.

“We are actively looking for like-minded business owners with the same values and aspirations as JCA and MAW to continue to add to our growth plan so that we can achieve our long terms goals.”

Jonathan added: “We are delighted to have acquired MAW because, like ourselves, they have a wealth of experience and expertise in what they do – and an outstanding reputation with their clients for over 10 years.”

Matthew Sibley, Corporate Deal Executive at KBS Corporate advised MAW Consulting.

Tony Perry Limited

Tony Perry Limited is a highly regarded steel fabrication business that specialises in designing, building, and installing decorative and structural fabrications for commercial clients and private individuals. The company was founded in 1983 and over the years has seen significant growth.

The shareholders of Tony Perry Limited, Tony and Jacqui Perry instructed KBS Corporate with the sale of their business to enable their retirement plans. The opportunity attracted high levels of interest from UK trade buyers.

The ultimate offer came from MFG Holdings and will enable the company to diversify their service offerings.

Jack Bryan, Corporate Deal Executive at KBS Corporate, advised Tony Perry Limited.

S.I.I.S. Limited

S.I.I.S. Limited is a highly reputable supplier of trade equipment, offering its products to a wide variety of sectors. The company was established in 2004 and over 18 years has developed lasting relationships with customers.

The shareholders, Robert Alastair Wood, Sharon Wood, and Grant Frobister approached KBS Corporate with the sale of their business to facilitate their retirement plans.

KBS Corporate initially drafted a UK wide research strategy, but due to the company’s popularity S.I.I.S. Limited was only on the market for a couple of weeks. The successful offer came from Ascot Capital Ltd, who had been keen to enter the trade equipment market for some time.

Luke Rae, Corporate Deal Executive at KBS Corporate, advised S.I.I.S. Limited and commented, “This sale secures the businesses future moving forward whilst also providing the previous owner with the means in which to secure their retirement.”

RDS

RDS was established in 2017 and assists SME businesses and accountants in accessing R&D tax credits. Since the company’s inception, RDS has developed a large national client base specialising predominately within the manufacturing, technology, construction, scientific and engineering sectors. Over five years RDS has enabled its clients to receive more than £27m in R&D support. The company differentiates themselves from their competition through RDS’ pioneering marketing strategy and technological yet personalised approach.

The founders of RDS, Geoff Liberman and Mark Joyner, approached KBS Corporate Finance with the sale of their business to facilitate further growth.

KBS Corporate implemented a diverse research strategy which resulted in the ultimate offer from BGF. The £5m investment will enable RDS to pursue further investment in their innovative technology and expanding their current headcount.

Commenting on the deal, RDS Director Mark Joyner said: “My personal passion is working with businesses and understanding what makes them successful. Companies often don’t realise they are eligible for R&D as it’s not always just about developing new products or ideas but can apply to developing new ways of doing things, or the adaption & development of processes to improve their product or service. We’re well placed to support all shapes and sizes of business to receive credit or repayment for their innovation to reinvest and grow.

“When we started to consider an investment partner, we’d had interest from trade buyers and private equity. Where BGF stood out was their long-term, collaborative approach and shared ambition for the business. We’ve rapidly grown in the past five years but with this investment, we have the people, experience, and capital to surpass all our previous goals.”

Pinesh Mehta, investor at BGF in the North West, commented: “Geoff, Mark and team have built a business with strong fundamentals and an innovative marketing approach. Given the backdrop, innovation is a significant force for good in driving business growth. RDS has created a competitive edge through its thorough approach and has invested in some impressive client technology that will create efficiencies and simplify processes even further, providing a platform for the business to scale. It’s fantastic to be backing such a strong team and compelling offer to help take the company to the next level.”

Dave Gardner, KBS Corporate Finance Director, advised RDS throughout the process and commented: “The deal with BGF provides an exceptional strategic fit for RDS and one which I have no doubt will accelerate the business’ growth plans. They have wasted little time having already successfully identified and secured new talent at both operational and board level to supplement the already impressive team. With RDS’ track record of facilitating millions of pounds of R&D tax credits for its clients to support their continued innovation, this is an investment that should benefit SME’s entrepreneurs and the economy in general following a challenging couple of years.”

Commercial Maintenance Services UK

Commercial Maintenance Services UK specialise in the installation, maintenance and repair of business-critical systems including heating and plumbing. The company was established in 2000, and over the years has seen considerable growth.

The shareholders of Commercial Maintenance Services UK, Nic Smith and Neil Smith, approached KBS Corporate with the sale of their business in to enable further growth. The opportunity proved highly popular with the successful offer coming from Newable Capital.

Nic Smith, Managing Director at Commercial Maintenance Services UK said: “Over the past 22 years, CMS has proved itself to be agile and resilient, responding to changing demands and developing new opportunities, and we are delighted to welcome the investment from Newable that will support the continued growth of the business.”

Peter Barrand, Managing Director at Newable Capital, added: “We have been hugely impressed by the business that Nic and Neil have built and the continued growth they have experienced over the last 20 years. Our aim is to leverage the resources of Newable to support CMS’ journey as we cement their leading position in the market. We look forward to working with the whole team at CMS in a very exciting time for the business.

“For Newable Capital, this represents another strategic investment in successful businesses working at the heart of the UK economy.”

Tom Eatough, Associate Corporate Director at KBS Corporate, advised Commercial Maintenance Services UK.

ECEX Limited

Founded in 1994, ECEX Limited is a well-established multi-specialist engineering contractor. The company has developed a prominent position within its sector. ECEX Limited offers a one-stop shop for a range of mechanical services, metalwork and fabrication, air handling unit refurbishment and associated services.

The current shareholders instructed KBS Corporate with the sale of their business to enable the retirement of two out of the three shareholders. During initial discussions, it became apparent that the retention of the remaining shareholder, as well as the staff was of high importance.

KBS Corporate was able to produce 21 interested parties, with the majority coming from trade and some investment interest. The successful offer came from Usefulalus Limited with funding from Gabriel Private Investments Ltd as part of their growth and expansion plans. The acquisition will also enable further growth of ECEX Limited with the remaining shareholder continuing their role as the Managing Director.

Post completion the two shareholders who are retiring will remain with ECEX Limited to assist in a handover period.

 Stephen Alcock, Corporate Deal Executive at KBS Corporate, advised ECEX Limited.

Pinnacle Electrical Ltd

Pinnacle Electrical Ltd stocks an extensive range of electrical products, which are supplied to trade customers throughout the UK. Since the company’s inception in 2011, the company has achieved steady, organic growth, increased its national market share and pursued expansion opportunities in a broad range of sectors.

The shareholders of Pinnacle Electrical Ltd instructed KBS Corporate with the sale of their business to enable the exit of Adam Knight, whilst James Walsh wished to remain with the business to facilitate further growth under the impetus of a new ownership.

KBS Corporate implemented a diverse research strategy which resulted in 51 interested parties. KBS Corporate utilised these high levels of interest to generate a competitive bidding process. The final offer came from Strathray Capital and will enable them to establish a presence in the electrical goods sector whilst expanding their geographic footprint.

Guy Haynes, Corporate Director at KBS Corporate advised Pinnacle Electrical Ltd throughout the process and commented: “It has been a pleasure to work on a transaction based on collaboration between the parties, and I have no doubt the excellent relationship built up between the parties will stand the business in very good stead for years to come.  Adam and James have established a strong and profitable brand that has already proved disruptive within its sector. Under James Walsh’s continued stewardship, and with further capital and strategic input from Strathray I’m sure the Company will continue to grow very healthily indeed.”

Enhance Office Cleaning

Enhance Office Cleaning Ltd provides dedicated contract cleaning solutions, utilising a highly motivated and efficient staff to deliver market-leading services for commercial clients. Since the company’s inception in 2010, the business has developed an enviable blue chip client base.

The shareholders of Enhance Office Cleaning Ltd approached KBS Corporate with the sale of their business to enable them to realise the value they had built whilst exiting from the business.

KBS Corporate formed a research strategy that had a primary focus on UK buyers that specialise in commercial cleaning, facilities management or property management that were seeking to expand. This proved a highly fruitful strategy resulting in 31 interested parties.

The successful offer came from Intelligent Workplace Solutions the acquisition will facilitate further growth via enlarging their presence within London with access to a larger client list. Following the acquisition, the current staff will remain with the Enhance Office Cleaning.

Enhance Office Cleaning was advised by Alex Medwecki, Corporate Deal Executive at KBS Corporate.

Cresswell Office Services

Cresswell Office Services Limited specialises in the provision of a range of cleaning services to the public and private sectors. The company was founded in 1995, quickly establishing itself within the market and building up relationships with new clients.

David McLeod, the shareholder of Cresswell Office Services instructed KBS Corporate with the sale of their business to enable their retirement plans.

KBS Corporate formed a research approach that centred on sourcing a UK buyer preferably within the Greater London area. This resulted in 40 interested parties, which KBS Corporate was able to use to generate a competitive bidding environment.

The final offer came from Total Clean Services Ltd and will enable them to expand their current business.

Corporate Deal Executive at KBS Corporate, Luke Rae, advised Cresswell Office Services.

GRG Public Resources Limited

GRG Public Resources Limited operates with police forces and fire services across the UK, primarily providing call handling for vehicle removal. The Company commenced trading in 1994, quickly establishing itself within its sector and building up lasting relationships with clients.

The shareholders approached KBS Corporate with the sale of GRG Public Resources Limited due to a change in personal circumstances.

The opportunity attracted 24 interested parties, with the majority coming from UK trade. The final offer came from FMG Support Group Ltd. KBS Corporate was able to facilitate a swift transaction enabling the shareholders a clean exit. The acquisition will also further FMG Support Group Ltd geographic expansion and allow access to a wider client base.

Corporate Deal Executive at KBS Corporate, Matthew Sibley, advised GRG Public Resources Limited throughout the process.

Sock Academy Limited

Sock Academy Limited is a Hertfordshire based, multi-award-winning designer and manufacturer of socks for an international client base.  The company’s core products consist of innovative, giftware products in the form of quirky and colourful socks.  They operate as three brands including United Oddsocks, Cockney Spaniel and Cucamelon.  Through these brands, the company has been able to successfully offer a diverse range of products whilst maintaining clear brand identity for each of the three trading styles.  

Since the company’s inception in 2006, Sock Academy Limited has grown considerably, penetrating UK and international markets and earning an excellent reputation in the giftware sector.  This has led to the company winning multiple awards including the Giftware Association UK Gift of the Year, and the FSB Innovative Business of the Year.

The shareholders, Gary Schaffer and Paul Hughes, approached KBS Corporate with the sale of their business in order to realise the value they had built over the years to facilitate their retirement plans, whilst enabling further growth of the business.

During initial discussions it became apparent that Gary Schaffer and Paul Hughes were keen to source a buyer that would not only enable the business to continue to thrive and grow, but also provide a secure future for the staff to continue their great work.  After an extensive research and marketing effort, Jatania Holdings, a London based family-owned company, were secured as the preferred bidder.  Jatania Holdings are long term investors, with a strong family ethos and a reputation for growing businesses.  It quickly became apparent that they were the ideal acquirer for Sock Academy.

Tom Eatough, KBS Corporate Associate Corporate Director, advised Sock Academy Limited and commented: “It was important to find a buyer with values that align with Sock Academy and their employees and I am pleased we managed to achieve this. Gary and Paul have built an impressive company and it was a pleasure to work with them on the transaction.  I would like to wish all parties the best for the future.”

Gary Schaffer: “From day one Tom understood us as people, our love of our business and that it was the right time to exit.  His understanding and appreciation that two ordinary people started a thing with a pound coin and a sheet of paper was inspirational. Tom worked hard to find a deal structure that benefitted everyone involved.”

Hydraulic and Offshore Supplies Ltd

Incorporated in 1995, Hydraulic and Offshore Supplies Ltd specialises in the dedicated supply of hydraulic and offshore products and services. Over the years the company has developed a loyal client base, the vast majority of whom provide repeat business and an excellent reputation.

Alan Wills, Joanne Wills and Don Fenwick, the shareholders of Hydraulic and Offshore Supplies Ltd, instructed KBS Corporate with the sale of their business to allow them to exit the business and pursue unrelated interests.

The shareholders were keen to ensure staff retention which shaped KBS Corporate’s approach towards sourcing a UK trade buyer. This strategy resulted in 32 interested parties being identified, resulting in multiple offers on the table. The ultimate offer came from RG Fluid Power Group Ltd as part of their current expansion plans and will enable for further group diversification.

Alex Phillips Corporate Deal Executive at KBS Corporate advised Hydraulic and Offshore Supplies Ltd and commented: “‘It was a pleasure advise the shareholders of Hydraulic and Offshore Supplies, on their successful sale to RG Fluid Power Group. From the outset it was clear that there were strong synergies between parties, and I am confident Hydraulics and Offshore Supplies will continue to thrive as part of the RG Fluid Power Group.”

Following the acquisition Don Fenwick will remain with the business. 

BKS Logistics Limited

Founded in 1985, BKS Logistics Limited is an established and respected logistical warehouse, providing comprehensive storage, pick and pack, and fulfilment facilities, as well as dedicated end user customer service solutions.

Having built the business for over 37 years, the shareholders Bruce Measor and Shirley Measor, instructed KBS Corporate with the sale of their business to realise their retirement plans. KBS Corporate predominately approached companies within the UK logistics & warehousing market, securing over 40 interested parties within just six months.

KBS Corporate used these high levels of interest to produce a competitive bidding environment, with Sadita (UK) Limited’s portfolio company Fidelity Supply Chain Solutions Limited producing the successful offer. This acquisition will strengthen its position within the region.

Aadesh Patel, Corporate Deal Executive at KBS Corporate, commented: “It was a pleasure to work with the shareholders of BKS Logistics to expedite a successful sale to Fidelity Supply Chain Solutions Limited.”

I.P. Recruitment Limited

I.P. Recruitment Limited is an independent recruitment agency supplying temporary and permanent staff to a variety of sectors within its area. The company was established in 1994, and over the years has developed an excellent reputation and an enviable client base including several blue-chip organisations, some of whom have provided business for 20 years.

Sally Rowley and Daniel Rowley, the shareholders of I.P. Recruitment Limited, instructed KBS Corporate with the sale to allow for lifestyle changes. It became apparent during initial discussions that sourcing a synergistic buyer who would facilitate further growth of the business including the workforce, was of upmost importance. KBS Corporate’s research strategy was formed to find the prospective buyer who would ideally have experience in recruitment, and the knowledge and resources to push the company to new heights. This resulted in a focus on UK and European recruitment agencies, which attracted over 25 interested parties.

Kenect Recruitment Limited produced the final offer. This acquisition will support Kenect’s overall operation and growth expectations over the coming years.

Aadesh Patel, Corporate Deal Executive, at KBS Corporate commented: “Strong shared values between I.P. Recruitment Limited and Kenect Recruitment Limited enabled the deal to progress as quickly as it did. I am confident that this transaction will be a success for both parties.”

Brindley Medical

Brindley Medical specialises in the provision of high-quality, professional temporary recruitment services, working closely with clients and candidates to fill professional employment positions as efficiently as possible, whilst providing the highest possible standard of service for all parties. The company was established in 2018 initially focussing on the supply of specialist care and nursing staff, then further diversifying to include non-clinical staff.

The shareholders of Brindley Medical instructed KBS Corporate with the sale of their business to enable them to pursue unrelated business interests.

The opportunity attracted 43 interested parties and multiple offers. The successful offer came from UK trade buyer Kingdom Group, allowing them to enter the medical recruitment market.

Balraj Singh Sohal, the Managing Director of Brindley Medical, commented: “Brindley was founded just four years ago and, in that time, we’ve gone from strength to strength, meeting the challenges of the pandemic and more.

“Becoming part of the Kingdom Group of companies will help us to scale up even faster, not least in terms of technology and back-office support, which are both crucial if we are going to help to meet the huge demand in the health and social care marketplace.”

Chief Executive of Kingdom Group, Terry Barton commented: “We share the same commitment to high standards and safe delivery of healthcare, delivered by trained, experienced and specialist healthcare professionals.

“Working together, we see great opportunities to scale up and offer the best possible support to both healthcare and non-clinical clients as well as staff looking for permanent and temporary roles.”

Jay Singh, Corporate Finance Director at KBS Corporate, advised Brindley Medical. 

Post completion Brindley Medical will rebrand as Kingdom Medical Services, with Balraj Singh Sohal remaining as Managing Director alongside 22 current members of staff.

Kigtek

Kigtek provides a comprehensive range of specialist software, control, safety, and electrical solutions, and are renowned as premium suppliers of control, safety and monitoring systems in the food, beverage, and power markets.

Gordon Fleming, Kenny Williamson and Iain Murray, the shareholders of Kigtek instructed KBS Corporate with the sale of their business to enable them to implement the beginning of their retirement plans.

The opportunity proved highly popular with 67 interested parties, including several large companies and multinationals. KBS Corporate was able to use these impressive levels of interest to generate a competitive bidding process which resulted in French trade buyer VINCI Energies producing the final offer. The acquisition will allow VINCI Energies to expand its specialism within the automation and process control sector as well as its geographic footprint. Legals were provided by Shoosmiths.

Corporate Director at KBS Corporate, Guy Haynes, advised Kigtek and commented: “Gordon, Iain and Kenny have built an outstanding business, and the fact that they managed to attract the interest of VINCI and several other blue-chip companies is testament to this. During the transaction a very strong relationship developed between the parties, and I have no doubt that under VINCI’s stewardship, Kigtek will grow and move to the next level.”

Scott Van Der Vord, Chief Financial Officer, VINCI Energies UK & ROI, said: “We are delighted to welcome Kigtek into the VINCI Energies group. This is a great addition to our team of automation and process control specialists and will, in turn, strengthen our ability to serve our many customers by improving their efficiency, optimising their industrial monitoring and safety processes, and integrating the latest smart industry technologies. Kigtek will join our existing Automation Perimeter of six Business Units, 220 staff and 11 locations and will establish a strong automation and control systems footprint for Actemium in Scotland.”

Gordon Fleming, Business Unit Manager at Kigtek commented: “The Kigtek team are really excited to begin the next chapter of our journey and thrilled to join VINCI Energies UK & RoI as part of its Actemium UK’s Automation Perimeter. The Group’s business model really attracted us as it gives us the ability to continue to grow our business and use the strength of the VINCI Energies network of Business Units in the UK and around the world to better serve our customers.”

UK Assistance 24/7

UK Assistance 24/7 is a provider of out-of-hours emergency home repairs. The Company has experienced considerable growth since its inception, with its reputation for an exceptional service, knowledgeable workforce and high-quality products ensuring the continued strength of the business.

The shareholders of UK Assistance 24/7 approached KBS Corporate with the sale of their business to facilitate the retirement plans of Britt and Andrew Taylor, with Aaron Lyons wishing to remain with the company post completion.

To enable this, KBS Corporate formed an approach focused on UK trade buyers, with the aim of seeking a synergistic purchase. This resulted in 23 interested parties, which KBS Corporate was able to use to generate two competing offers.

The successful offer came from UK trade buyer, Sedgwick who were looking to acquire UK Assistance 24/7 to bring a segment of their costs in house. There was already a relationship between the two companies as Sedgwick used UK Assistance 24/7 to facilitate many of their UK insurance claims. The acquisition will enable Sedgwick to streamline this experience.

Paul White, Sedgwick Chief Executive Officer in the UK commented: “We have had the pleasure of working with UKA247 on thousands of property claims and look forward to further growing our operations together with their talented colleagues and network of over 3,000 contractors.”

“This partnership will expand our home emergency support offerings and improve the customer experience for traditional property claims. Our streamlined process will ensure that customers receive rapid expert care during stressful and urgent claim events.”

Aaron Lyons, UK Assistance 24/7 Managing Director commented: “Our aim is to provide every customer with a cost-effective and reliable repair service.”

“We can now integrate our emergency repair operations with Sedgwick’s repair and restoration referral services, simplifying the process for all. By aligning with the support and depth of Sedgwick, I am confident that we will continue to offer the best emergency repair solutions for our customers.”

Charles Needham, Corporate Deal Executive at KBS Corporate, advised UK Assistance 24/7 and commented: “UK Assistance 24/7 will now benefit from a much larger client base; Sedgwick will profit from bringing costs in house. It was great to work with both companies and find a mutually beneficial solution.”

So4Bed Limited

So4Bed Limited, which trades as Cottonsafe®, is a well-respected manufacturer and retailer of chemical-free, healthy, and safe mattresses for customers across the UK. The company was formed in 2003 and has experienced high levels of growth over the years.

Mark Dowen and Elizabeth Dowen, the shareholders of So4Bed Limited, approached KBS Corporate with the sale of their business to facilitate their retirement plans.

The opportunity attracted 20 interested parties predominately from private investors and trade buyers. Ultimately the shareholders decided to pursue an MBO, which resulted in the creation of the Natural Mattress Company Limited.

The MBO will see the company to further grow under the impetus of a new owner who has a true insight into the company.

Corporate Deal Executive at KBS Corporate, Aadesh Patel, advised So4Bed Limited.

Proserve Logistics

Proserve Logistics is a highly regarded provider of warehousing and transportation services for clients operating in a diverse range of industry sectors. Since the company began trading in 2008, they have developed an excellent reputation which has enabled it to build and maintain strong, long-standing relationships with its clients, several of which span over 12 years.

The current shareholders of Proserve Logistics approached KBS Corporate to help them eventually realise their retirement plans. As a result, it became apparent during initial discussions to pursue a structure that would allow them to capture value from future growth.

KBS Corporate was able to generate extensive trade, and some private equity interest due to the expansion that the logistics industry experienced post covid. The opportunity attracted 31 interested parties and several offers. The successful offer came from Northwest Logistics Ltd, as part of their warehousing operations and geographic footprint.

KBS Corporate was able to negotiate a deal that enables the current shareholders to release equity and capture future value through an earnout structure, with an eventual exit within two and a half years.

George Barnes, KBS Corporate Associate Corporate Director, advised Proserve Logistics.

Northern Interstate Services

Northern Interstate Services is a builders’ merchant supplying trade builders and private individuals across the Huddersfield area. Founded in 1994, over the years the company has established a prominent position within the local area and is held in high regard for the quality and reliability of its offering, which has ensured the longevity and strength of its client base.

Ryan Eastwood and Michael Eastwood approached KBS Corporate with the sale of Northern Interstate Services, to enable Michael Eastwood’s retirement plans.

The opportunity attracted 36 interested parties, the majority of whom came from trade. Myers Building Group produced the successful offer. The acquisition will facilitate Myers Building Group’s geographical expansion plans.

Matthew Sibley, Corporate Deal Executive at KBS Corporate advised Northern Interstate Services throughout the process.

MCE Engineering

MCE Engineering is an innovative engineering company that boasts a comprehensive range of design and manufacturing capabilities. The company was established in 1996 and over the years has established itself as a market leader, developing an enviable blue-chip client base.

Kevin McClean and Pete Murray, the shareholders of MCE Engineering, approached KBS Corporate with the sale of their business to realise their exit and retirement plans, whilst maximising value.

During initial discussions, it became apparent that continued company growth and staff retention was highly important to the shareholders. This shaped KBS Corporate’s research approach towards UK based private equity, investment, and synergistic buyers. This proved exceptionally successful, attracting 148 interested parties in total, the vast majority of these from UK trade.

KBS Corporate was able to utilise these high levels of interest to produce multiple offers. The final offer came from Mersey Industries, which is seeking ambitious growth, with the deal offering perfect synergy for further growth of the Group.

Director of Mersey Industries, Jeremy Rowson commented: “We’ve been on the lookout for a high-quality and well-run precision engineering company to enhance and extend our capabilities and MCE Engineering ticked all the right boxes for us.

“We are delighted to welcome the MCE team into the group and look forward to working with them.”

Nathan Leah, Associate Director at KBS Corporate, commented: “I am very pleased to have worked with the shareholders of MCE Engineering and to have facilitated the successful transaction with Mersey Industries. An excellent relationship was formed, and Mersey Industries showed intent and commitment from day one. I am very confident that the transaction will be an outstanding success for all parties.”

Robertson Cooper

Robertson Cooper is a business management consultancy that provides mental health and wellbeing support services for an enviable blue chip client base. Since the company’s inception in 1999 the company has experienced significant growth.

The shareholders of Robertson Cooper approached KBS Corporate with the sale of their business to facilitate the shareholders’ retirement plans. It became apparent during initial discussions it was important to the shareholders to source a buyer who could enable further growth.

The opportunity proved highly popular, attracting 34 interested parties which generated 5 offers. The ultimate offer came from handl Group, who previously acquired Reach Personal Injury Services Limited via KBS Corporate in January 2021. The Group has seen significant growth over the past 24 months with several acquisitions and new product launches including Autoresolutions, Tessa Gough & Associates, handl Engage, Limbic, Cogenthire and Mind Right.

handl Group CEO Graham Pulford commented: “We have been exploring this opportunity with Robertson Cooper for some time, and I am thrilled they have agreed to become part of handl Group.”

Professor Cary Cooper, Founder of Robertson Cooper said (on behalf of himself and fellow founder, Ivan Robertson): “Robertson Cooper has been a labour of love for me and my co-founder Ivan Robertson for the last 20 years – how time has flown! During those years great colleagues have done remarkable things for fantastic clients. Ivan and I are hugely grateful to all those involved and are proud of the positive impact Robertson Cooper has had on the world of work.

With all that in mind, I couldn’t be happier to be handing over the reins to handl Group. I’m confident they understand, respect and will retain what makes Robertson Cooper valued by so many clients, whilst also bringing new resources and insight to take the business to the next level. And it’s not farewell from Ivan and I; we’ll still be involved and are excited to be part of what comes next!”

Nathan Leah, KBS Corporate Associate Director, advised Robertson Cooper throughout the process.

Suretrans Limited

Suretrans Limited is a provider of LGV and HGV haulage and fleet solutions. The company was founded in 1997 and commenced trading, quickly establishing itself within its sector and building up relationships with new clients.

The shareholders of Suretrans Limited instructed KBS Corporate with the sale of their business to enable the retirement plans of the Managing Director. During initial discussions it became apparent that staff retention was highly important and had a clear impact on KBS Corporate’s research strategy. This approach proved highly popular attracting 41 interested parties, with high levels of interest coming from investment firms and private investors.

KBS Corporate was able to produce three offers with the successful offer coming from, UK trade Banyan Supply Chain Solutions. Banyan Supply Chain Solutions is currently pursuing a growth via acquisition strategy. The acquisition will enable staff retention and increase Banyan Supply Chain Solutions’ geographic coverage across the home counties.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised Suretrans Limited throughout the process.

The Jenrick Group

The Jenrick Group is a successful and well-established provider of high-quality, client-focused recruitment solutions, trading for over 50 years and establishing a prominent presence in the engineering, food, technology, and commercial sectors. The Group benefits from a diverse client base which includes multiple blue-chip organisations who have remained with The Jenrick Group for over 15 years.

Simon Murphy, the majority shareholder of The Jenrick Group, approached KBS Corporate with the sale of the Group to enable him to pursue alternative business interests. During initial discussions it became apparent that staff retention and the continued growth of the Group was of critical importance to any transaction.

Due to this, KBS Corporate implemented a research strategy with a primary focus on sourcing a trade buyer. This proved highly successful with 64 interested parties, including high levels of UK trade with some interest from both private investors and private equity. KBS Corporate was able to utilise these high levels of interest to produce multiple offers.

The ultimate offer came from The MCG Group, led by Colm McGinley, and acts as their second acquisition via KBS Corporate. The MCG Group are currently following a proactive acquisitions strategy. The acquisition of The Jenrick Group will enable The MCG Group to expand their geographic footprint into the Midlands and the South East of England and add serval specialisms to their group.

Post-acquisition, key staff will remain with the Group including a minority shareholder who will remain for the foreseeable.

Guy Haynes, Corporate Director at KBS Corporate, advised The Jenrick Group throughout the process, while legal advice was provided by Lawrence Stephens, and accounting advice from Parker Cavendish.

Guy Haynes commented: “It was a genuine pleasure to work with Simon Murphy and his team on this deal, and I’m delighted that we have been able to help deliver a good deal that ensures continuity within the business as well as providing Simon with a well-earned exit. From an early stage, MCG looked the strongest prospect, with many shared values and ambitions.”

CDA Care Limited

CDA Care Limited is the wholly owned subsidiary of Rangecliff Limited, providing high-quality care services to older persons and younger adults within South Wales. Over the years the company has developed client relationships with multiple local authorities.

The shareholders of CDA Care Limited instructed KBS Corporate with the sale of their business in order to realise their retirement plans.

A key point that arose during initial discussions was that the shareholders were keen to enable further growth of CDA Care Limited post acquisition, consequently it became apparent that a trade buyer would be preferable.

The opportunity attracted impressive levels of trade interest whilst also drawing interest from private equity and investment, resulting in a total of 47 interested parties.

The successful offer came from Grosvenor Health & Social Care, Helen Baker, National Operations Director stated: “This acquisition marks an excellent opportunity to continue our growth in Wales by purchasing an excellent business which core focus has and will continue to remain delivering the highest quality care to its service users. We would like to thank Dave, Ceri and Amrita for their support throughout the process and wish them all the best for the future.”

Dave Howells, the exiting shareholder of CDA Care added: “After an extensive review of all interested parties, it was clear Grosvenor Health & Social Care was the most suited in terms of both their core ethos of delivering a quality service and ability to fulfil the potential of this magnificent Company and team I leave behind.”

Darren Stapelberg, CEO of Grosvenor Health & Social Care goes on to comment on the deal: “Following the recent investment of Weight Partners Capital into Grosvenor Health & Social Care, we are delighted to have completed this deal so quickly after. This is a clear sign of the underlying support they place in the Grosvenor team, and it is certainly an exciting time for this Partnership as we move forward into 2022.”

CDA Care Limited was advised by Fabio Rambelli, KBS Corporate Associate Director.

Custom Security Services Limited

Custom Security Services Limited, trading as Custom Fire and Security, is a highly regarded, independent organisation, providing installation and maintenance services for fire detection and security solutions. The company was established in 1985 and has seen considerable growth since, which has been supported by an enviable long-standing client base.

Paul and Lee Staff, the shareholders of Custom Fire and Security, approached KBS Corporate to enable their exit from the business to pursue alternative interests.

KBS Corporate implemented a diverse research strategy which attracted in 47 interested parties. The vast majority of interest came from UK trade buyers, although some came from private equity buyers. KBS Corporate was able to utilise this interest to produce four competing offers.

The ultimate offer came from UK trade buyer Churches Fire & Security as part of the company’s geographical expansions.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised Custom Fire and Security throughout the process.

Project Design Engineers Limited

Project Design Engineers Holdings Limited, Project Design Engineers Limited and Project Design Engineers (Ireland) Limited is a leading multidisciplinary engineering, design and project management consultancy that provides a range of services from front-end engineering through to turnkey project solutions. The Group was founded in 1989 and has established an excellent reputation with an enviable portfolio of blue-chip clients within the gas industry.

The shareholders of the Group instructed KBS Corporate with the sale of their business to enable their retirement plans.

KBS Corporate implemented a diverse research strategy which resulted in 46 interested parties. High levels of interest came from UK based buyers, with notable interest from the international market.

The final offer came from Ireland based Fingleton White as part of their geographic expansion plans.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised the Group throughout the process.

McLeod Cabins Limited

McLeod Cabins Limited is an independent provider of site accommodation services for a large client base across the construction and industrial market sectors.

The company was established in 1965 and over the years has developed a loyal customer base that provides repeat custom.

The shareholders of McLeod Cabins Limited, Glen and Anthony McLeod, approached KBS Corporate with the sale of their business to facilitate their retirement plans.

KBS Corporate implemented a diverse research strategy which resulted in the predominantly UK trade interest. The successful offer came from Rentacabin Limited in order to enable the company to expand their current offerings.

McLeod Cabins Limited was advised by Luke Rae, Corporate Deal Executive at KBS Corporate, who commented: “I believe it is a fantastic deal for all involved and Glen and Anthony will go into retirement knowing the company is well looked after.”

Carradice of Nelson

Carradice of Nelson Limited is a manufacturer of hard-wearing, attractive bicycle bags which caters to commercial and private customers worldwide. The company was first established in the 1920’s and has spread across the North West. The current shareholders, David and Janet Chadwick, acquired Carradice of Nelson Limited in 1995.

Having been with the business for several years, David and Janet instructed KBS Corporate with the sale of their business to enable their retirement plans.

During initial discussions it became apparent that finding a buyer who would enable further growth was vital to the shareholders. This shaped KBS Corporate’s research strategy which resulted in 22 interested parties and proved highly popular with UK trade buyers.

The final offer came from Aquapac International Ltd, and the acquisition will enable the company to expand their market offerings. Aquapac International Ltd is keen to enable further growth of Carradice of Nelson. Post completion the shareholders will retain an equity stake within the new group.

Associate Corporate Director at KBS Corporate Finance, George Barnes, advised Carradice of Nelson. 

Micronics Flow Measurement

Micronics Flow Measurement manufactures liquid flow measurement devices for a variety of sectors. The company was established in 1985 and over the years has developed an excellent reputation. Micronics benefits from a diverse client base including international clients, and others who have remained with the company for over 25 years.

After over 30 years the shareholders approached KBS Corporate with the sale of their business in order to realise their retirement and exit plans.

A diverse research strategy was implemented by KBS Corporate resulting in 26 interested parties. The successful offer came from UK trade buyer British Rototherm. The acquisition will act as a bolt on to Rototherm’s current operations and is part of the company’s current growth strategy via acquisition.

Nathan Leah, KBS Corporate Associate Director, advised Micronics throughout the process.

Atherton & Partners Limited

Atherton & Partners Limited is a well-established provider of mechanical and electrical building services that work primarily on commercial projects from small refurbishments through to major new-build construction projects. The company was established in 1981 and has developed a reputation for excellence which has ensured Atherton & Partners Limited has maintained some client relationships for over 20 years.

The shareholders of Atherton & Partners Limited instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans.

KBS Corporate implemented a diverse research strategy which resulted in 42 interested parties, the majority of whom came from UK trade buyers. The successful offer came from Business Delta Limited.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised Atherton & Partners Limited throughout the process.

Harvest Systems Support

Harvest Systems Support, which trades as Raycon, is a leading IT consultancy, operating in the financial and media sectors and working with a wide range of clients to deliver a first-class service. The company is based in London and has clients across London and the South East, the majority of whom provide repeat and reliable custom.

The shareholders of Raycon approached KBS Corporate with the sale of their business in order to facilitate their retirement plans. During initial discussions it became apparent that the shareholders wished to retain as much of the company identity as possible, including staff retention.

This shaped KBS Corporate’s highly successful research strategy which resulted in 162 interested parties being identified. KBS Corporate was able to utilise these high levels of interest to produce a competitive bidding process.

The ultimate offer came from Portuguese based Eurotux, as part of their international expansion plans.

Following completion the current shareholders will remain with the company, in order to enable a three-month handover consultancy period.

Raycon was advised by Corporate Deal Executive Matthew Sibley at KBS Corporate.

The Educational Guidance Service Limited

The Educational Guidance Service Limited is an independent provider of psychological services based in the North of England, which predominantly operates within the education sector, conducting assessments in universities. The company was founded in 2003 and over the years has developed multiple strong, long-standing relationships.

The shareholders of The Educational Guidance Service Limited instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans.

During initial discussions it became apparent that a knowledgeable buyer who was able to continue to grow the company, whilst enabling staff and client retention was of high importance to the shareholders. This resulted in KBS Corporate implementing a research strategy that focussed primarily on trade.

This approach proved highly popular resulting in 54 interested parties being identified, the vast majority of which came from UK trade. KBS Corporate was able to produce a highly competitive bidding process which generate five offers. The ultimate offer came from E-Quality Learning Limited, trading as eQS, a UK based trade buyer. The Group has been following a highly intensive acquisition progress and this acquisition marks eQS’ third in ten months.

Andy Gough, chief executive of eQS, commented “The past couple of years have not only seen a global health crisis but also an awakening regarding inclusion and acceptance of individuals identifying with a cognitive disability. This has created an even bigger demand for cognitive disability assessments within both the educational and workplace settings.”

The Educational Guidance Service Limited founder Alex Griffiths said: “The eQS team stood out as down to earth people who understood what we were about and demonstrated a clear passion for looking after the EGS brand and developing it in the ‘EGS way’. There was a synergy between our business culture and values, and a very obvious desire to look after the exceptional team who have helped us create this legacy of doing good and unlocking potential.”

The Educational Guidance Service Limited was advised by Fabio Rambelli, KBS Corporate Associate Director, throughout the process.

Post completion The Educational Guidance Service Limited’s senior management team led by Karen Jones and Jane Goldthorpe will remain with the business.

Delcor Ltd

Delcor Ltd is a manufacturer and retailer of bespoke furnishings for a range of clients across the UK. Founded in 1967, the company has established an excellent reputation within its sector. This is supported by Delcor Ltd being awarded the Manufacturing Guild Mark.

Having built the business for several years, the company shareholders, Enrico Petini and Janet Petini, approached KBS Corporate with the sale of their business in order to facilitate their retirement plans.

KBS Corporate was able to identify 50 interested parties which came predominately from trade, with some interest generated from Private Equity buyers. Succession Ltd made the final offer, as a part of the firms build and buy strategy. It is thought this will be the first of many acquisitions for Succession Ltd and could led to further bolt on acquisitions.

Fabio Rambelli, KBS Corporate Associate Director, advised Delcor Ltd throughout the process.

Grahams Machinery Sales Limited

Grahams Machinery Sales Limited is a respected provider of engineering, industrial and welding supplies. The company was established in 1976 and overtime has developed a loyal client base with several clients remaining with the company over 40 years.

Having built up a strong and successful business, the shareholders instructed KBS Corporate with the sale of their business in order to realise their retirement plans.

During initial discussions it became apparent that sourcing a trade buyer that would support staff development and further business growth was highly important. This knowledge shaped KBS Corporate’s research strategy which developed a primary focus on UK trade buyers. This proved highly successfully and resulted in 21 interested parties being identified.

United Tooling Solutions, which is part of Troy (UK) Limited, produced the successful offer. United Tooling Solutions has been pursuing a growth via acquisition strategy which has included the acquisition of M.O.L Tooling & Accessories, ABT Machine Tools & Tooling Ltd, Kalem Ltd and Barnes JB Ltd.

KBS Corporate Finance Associate Corporate Director, Tom Eatough, advised Grahams Machinery Sales Limited throughout the process and commented: “Founded 45 years ago, the Graham’s brothers and their father have built a fantastic business, with a loyal client base and a great reputation in the market. I am pleased that we managed to find a buyer that is not only a great fit, but also recognises the strong family values in the business and is keen to build on the Graham’s success.”

Wavehill IT Solutions Limited

Wavehill IT Solutions Limited provides IT skills and knowledge to SMEs in the Greater London area. The company was established in 2001 and has developed strong client relationships with approximately 64% of whom have monthly contracts for IT support.

Wavehill IT Solutions Limited’s three shareholders, David Barker, Richard Brooks and Mark Willis, approached KBS Corporate with the sale of their business in order to enable the retirement of the latter two.

During initial discussions it became apparent that retention of the current staff and existing operations were highly important to the shareholders. This shaped KBS Corporate’s research strategy resulting in a primary focus on trade buyers. The opportunity attracted 101 interested parties with impressive levels of interest coming from UK trade buyers, which remained prevalent throughout the process. KBS Corporate was able to utilise this interest to produce four competing offers.

The successful offer came from Network Communications Group. The group has a global presence operating within Europe and Asia as well as benefiting from a blue-chip client base.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised Wavehill IT Solutions Limited throughout the process.

The IASME Consortium

The IASME Consortium, the UK’s leading cyber security certification provider, has been acquired in a multi-million deal by Phenna Group.

Headquartered in Nottingham UK, Phenna Group invest and partner with selected niche, independent Testing, Inspection, Certification and Compliance (TICC) companies that serve a variety of sectors, ensuring customers’ peace of mind by delivering first class assurance services.

IASME, founded in 2012, work alongside a network of over 260 Certification Bodies across the UK and Crown Dependencies to help certify organisations of all sizes in both cyber security and counter fraud.  IASME is committed to helping businesses improve their cyber security, risk management and governance through an effective and accessible range of certification schemes.

KBS Corporate Finance, led by Mughees Saleem, advised the shareholders and CEO of IASME, Emma Philpott, on the sale. Mughees commented: “Emma has built an immensely successful company in IASME. Having achieved significant commercial growth since inception, Emma was looking for the right investment partner to assist IASME in the next stages of its journey. The deal with Phenna Group was the most appropriate vehicle to meet these requirements as it gave IASME an experienced partner that aligns with it’s culture and ambitious growth plans.”

Emma Philpot, CEO and shareholder of IASME commented: “Mughees did a fantastic job in guiding us through the sale process. He was extremely patient with my lack of knowledge about the process, was available 24/7 and represented our position really well. The shareholders were very happy with the overall deal that he managed to deliver, and we could not recommend him highly enough”.

EiB Group Limited

EiB Group Limited is a leading provider of specialist strategic work which caters to a diverse blue-chip client base across the UK and Europe. The company was founded in 1992 and commenced trading, rapidly establishing a prominent presence within the infrastructure and wider construction sectors, as well as building relationships with large tier one contractors and consultants and a reputation for success.

During initial discussions with KBS Corporate, it became apparent that it was important to find a buyer who could support the company to continue its growth plan. This led to KBS Corporate implementing a research strategy focussing primarily on UK and overseas synergistic buyers, predominately within the professional services sector, but also included a select number of financial buyers This approach resulted in 25 interested parties being identified and two competitive offers.

The successful offer came from an integrated environmental, engineering and technical services business, RSK Group. The acquisition acts as part of RSK’s continued growth via a buy & build strategy.

Alan Ryder, RSK CEO said, “For the past few years, RSK has been working towards an ambitious 2025 strategy that aims to strengthen the company’s position as a leading integrated environmental, engineering and technical services business.”

Scott Brown, CEO of EiB, added: “I am incredibly optimistic about what this acquisition will mean for the team at EiB. By joining the RSK group, we can accelerate the growth of the business, explore new markets and target larger contracts, all while staying committed to the ‘EiB way’ of working.” Scott Brown also commented on the role of KBS Corporate Finance during the process: “Would never have got over the line without you. A real pleasure. If you want someone to provide reference or speak to future potential clients, please feel free to use me.”

Tom Eatough, KBS Corporate Finance Associate Corporate Director, advised EiB throughout and commented: “EIB is a fantastic business and I am really pleased that we managed to find such a well-suited buyer.  RSK will provide a platform for the business to continue growing and I am sure i it will be a great success for both parties.”

Post-acquisition EiB Group will retain their current branding and will adhere to their core values and ways of working. The active shareholders will also retain their positions EiB post completion, along with key members of staff.

Golfsupport.co.uk Limited

Golfsupport.co.uk Limited is a highly regarded, independent organisation, providing a comprehensive range of high-quality golf equipment and merchandise. The company has experienced significant growth since its inception in 2003, with the strength of its extensive product range and highly dedicated workforce providing an ideal platform from which to pursue further expansion.

The shareholders, John Lines, Michelle Lines and Gary Swift, approached KBS Corporate with the sale of their business in order to pursue a lifestyle change.

KBS Corporate implemented a highly successful research strategy which produced 51 interested parties from both trade and private equity buyers.

The successful offer came from overseas trade buyer PGC backed by private equity firm Inspiring Sport Capital. The private equity firm has offices in Paris and London and specialises in the sports industry and economy. The group consists of over 20 leading investors who invest in a wide range of sports-based opportunities. PGC Group aims to double its turnover in 2021 and cross the threshold of €30 million in revenue given these external growth operations and the strong resilience of the golf market in Europe.

Guy Haynes, KBS Corporate Finance Corporate Director advised Golfsupport.co.uk Limited throughout the process, with legals being provided by Nick Life and Nicola Bilner from TLT.

John Lines, CEO at Golfsupport.co.uk, says: “We are delighted to become part of the growing PGC Group. Our mission has always been to provide a one stop shop for players and professionals and this will ensure that we can continue to achieve this goal. We are grateful to TLT for their advice and professionalism, and for working seamlessly with the parties to complete the deal.”

Guy Haynes, KBS Corporate Finance corporate director, adds: “From the outset, it was clear that PGC were an extremely strong fit, who shared our clients’ beliefs and ambitions for Golfsupport. John, Michelle and Gary have built an outstanding business with a high-class reputation in the growing golf industry, and I am delighted that they have been well rewarded for their efforts. Good deals require good people and it has been an absolute pleasure to work with them, as well as the team from TLT, on this transaction.”

Richard Life, partner at TLT who led the team, says: “We’re continuing to see overseas interest in businesses that have secured a strong foothold in the UK and European markets. This is a great way for many companies to take their growth to the next level, and we are delighted to have been able to support Golfsupport.co.uk on this major milestone.”

BIST Group

BIST Group is a highly regarded provider of IT hardware, software and infrastructure services, offering both new and refurbished solutions to organisations operating across a variety of industry sectors. Since the company’s inception in 2003 the business has developed an excellent reputation becoming an accredited provider to Dell, ESET, HP, Lenovo and Microsoft.

The shareholders of BIST Group, led by MD Keith Petty, approached KBS Corporate with the sale of their business in order to realise their retirement plans.

KBS Corporate was able to identify over 50 interested parties, the majority of whom came from trade. In a competitive bidding process involving 4 parties, the successful offer came from Tactus Group, and this deal marks their third acquisition of the year. BIST Group will enable Tactus to diversify their service offerings and expand geographically.

Scott Brenchley, CEO at Tactus Group, said: “This is another important development for Tactus Group and the latest step on our journey to becoming a globally recognised computing group. The acquisition of BIST significantly increases our capabilities in the IT hardware space, and we’re looking forward to welcoming its experienced team into the fold.”

Keith Petty, founder and MD at BIST, said: “I am delighted to be part of the Tactus Group, having built up the company over the last 18 years. The business and the people mean a lot to me and finding the perfect home for the company was paramount in my decision. We all look forward to the years ahead as part of this fantastic group.”

BIST Group was advised by Guy Haynes, Corporate Director at KBS Corporate Finance, throughout the process.

Saber Diamond Products Limited

Saber Diamond Products Limited specialises in the supply of a diverse range of diamond cutting and drilling products and accessories for the construction and hire industries, and also provides a bespoke manufacturing service using state-of-the-art German production facilities. Established in 1995, Saber was formed by Robert and Denise Huxley. The Company merged with Impact Diamond Tools in 2001, acquiring its assets and therefore facilitating expansion of the business.

After 26 years in the business, Robert and Denise Huxley approached KBS Corporate with the sale of their business in order to facilitate their retirement plans. During initial discussions it became apparent that the continuity for the staff, client base and company legacy was important to the shareholders. Due to these factors KBS Corporate implemented a research strategy with a primary focus on UK trade buyers.

The approach attracted 27 interested parties, which predominately consisted of trade with some investment buyers. The successful offer came from Abracs Limited, a UK trade buyer based in Yorkshire. The acquisition acts as part of Abracs Limited’s growth via acquisition strategy and will enable the company to increase their market share and client base.

Fabio Rambelli, KBS Corporate Associate Director, advised Saber Diamond Products Limited throughout.

Fisher Group

Fisher Group is a well-established and reliable provider of quality air conditioning installation and maintenance services for clients based in Scotland, operating across a broad range of sectors and earning an excellent reputation. The company was founded in 1974 and commenced trading, originally operating under the name of Fisher Group Scotland Limited as a subsidiary of Fisher Group Limited, a Birmingham-based air conditioning contractor.

Having grown the business over the course of 47 years, the shareholders of Fisher Group, Robert Hailstones and James McLaughlin approached KBS Corporate with the sale of their business in order to realise their retirement plans.

KBS Corporate was able to produce 30 interested parties which primarily consisted of UK trade buyers, with additional overseas trade and private equity interest. The final offer came from Ireland based Johnson Controls. The acquisition will enable Johnson Controls to expand their geographic reach into Scotland, with a strong focus on a synergistic bond between both companies.

Following completion, Fisher Group and Johnson Control will identify where the combined strengths of the two organisations can best be used to offer customers in Scotland, both present and future, the highest level of service. During this period the Fisher Group name will be retained.

Michael Anderton, General Manager for HVAC at Johnson Controls UK&I commented: “We are delighted to announce that we have now completed the acquisition of Fisher Group. Fisher Group is one of the leading HVAC companies in Scotland, with an enviable reputation and customer base. We are excited to be working with the talented team of HVAC professionals from Fisher Group and combining the strengths of both companies to better serve both existing and new customers.”

James McLaughlin, Managing Director of the Fisher Group, commented “This deal is an extremely important milestone and will achieve a key objective within Fisher Group and Johnson Controls’ strategy for growth. We believe with Fisher Group and Johnson Controls joining forces, it creates a fantastic opportunity for us to continue to provide a high level of services to our valued clients and will enable us to further expand on client support and delivery by offering a broader range of services.”

Nathan Leah, KBS Corporate Associate Director, advised Fisher Group throughout the process.

Admiral Wealth Management

Admiral Wealth Management offers comprehensive investment and pension advice. The company benefits from a large client base, the majority of whom provide reliable, repeat business on an ongoing basis. Admiral Wealth Management has an excellent reputation which has been developed since 1989.

The shareholders of Admiral Wealth Management instructed KBS Corporate with the sale of their business to allow them to facilitate their retirement plans.

KBS Corporate implemented a diverse research strategy which resulted in 54 interested parties being identified with the majority coming from UK trade buyers. The successful offer came from Kingswood, a fully integrated wealth and investment management group that operates internationally.

David Lawrence, UK CEO at Kingswood, commented on the deal: “Since becoming UK CEO at the turn of the year, I have focussed on building momentum in the business and expanding our capabilities to integrate and grow. Our focus on enhancing the client experience is paying dividends and I am delighted that we now have approaching GBP200 million in our internal MPS. I am thrilled to announce our first acquisition under my leadership and look forward to welcoming Mike Biggin, Adam Harrison, and the Admiral team to Kingswood. Admiral is a highly regarded provider of financial advisory services in North Lincolnshire and Yorkshire having consistently delivered a high-quality service to clients for over 30 years.

“The Kingswood model is designed to provide a centralised, efficient support infrastructure to manage the routine, but time consuming tasks required across compliance, finance, human resources, risk and technology, allowing the Admiral team to deliver a superior level of service to their clients. I am delighted that Mike and Adam have agreed to stay with the business as it enters a new phase as part of the Kingswood Group and I very much look forward to working with them.”

Annie Shiel, KBS Corporate Associate Corporate Director, advised Admiral Wealth Management.

All-UK Adjusters

All-UK Adjusters is a nationwide loss adjusting and claims management company, with an established, long standing client base within the UK insurer, broker and self-insured market. The long-established company has earned market recognition in the provision of a bespoke claims handling service to several blue-chip clients.

James Armson and Pauline Armson, the shareholders of All-UK Adjusters, instructed KBS Corporate with the sale of their business in order to pursue their retirement plans.

The opportunity attracted high levels of interest from UK trade buyers resulting in three offers. The ultimate offer came from QuestGates, an independently owned loss adjusting company. The acquisition marks QuestGates’ third acquisition of 2021.

QuestGates Managing Director Chris Hall commented: “We have achieved consistent and substantial growth since our incorporation back in 2003 by remaining true to our founding principles of combining technical expertise with a focus on customer service in niche, specialist areas. While our growth has primarily been achieved organically, we have made and will continue to make strategic acquisitions where we identify businesses that share our culture and focus on innovation and service delivery. All-UK met those criteria in spades and will undoubtedly add to our existing expertise and client base.”

All-UK Managing Director, James Armson commented: “We wanted to find a new owner who shared our ethos, who would value the additional expertise that our team could bring to their existing team of professionals, as well as enabling us to enhance our service offering to our clients. The fact that all of our staff and clients have embraced the change with such enthusiasm confirms that we have made the right decision to become part of QuestGates.”

Following the acquisition James Armson will remain with the All-UK Adjusters.

All-UK Adjusters was advised by KBS Corporate.

Rosse Systems Limited

Rosse Systems Limited is a reputable, independent organisation, supplying and installing a comprehensive range of fire alarms and security systems. The company maintains strong, long-standing relationships with its clients, several of which span over 25 years. Rosse Systems Limited has received a number of industry-standard accreditations and has been formally awarded ISO 9001:2015 certification, highlighting its dedication to delivering a high standard of work across all projects.

The shareholders of Rosse Systems Limited instructed KBS Corporate with the sale of their business in order to realise their retirement plans.

During initial discussions it also became apparent that the shareholders were keen to also enable further company growth whilst protecting the current client base and staff. This led KBS Corporate to implement a research strategy with a primary focus on sourcing a UK trade buyer.

This approach attracted 59 interested parties, the majority of whom came from UK trade buyers. This led to 6 offers with interest from trade and investment. The successful offer came from Checkmate Fire Solutions Limited, a passive fire protection specialist. The acquisition will enable Checkmate Fire Solutions Limited additional growth and expansion of product offering to include fire alarms, emergency lighting, CCTV, intruder alarms, access control, call systems, wireless systems, alarm monitoring, fire extinguishers and fire risk assessments.

Rosse Systems Limited was advised by KBS Corporate Associate Director, Fabio Rambelli.

Americandy Inc Limited

Americandy Inc Limited is an importer of American snacks and drinks to the UK and European market. Due to the wide spread of the company’s client base, they utilise a network of couriers and freight forwarders to offer quick deliveries and exceptional customer service. Americandy Inc Limited has experienced considerable growth since its foundation, with the strength of its workforce, products and service offering enabling it to build up an excellent reputation within its sector and maintain a long-standing client base.

The shareholders of Americandy Inc Limited, Damian and Grazyna Curzon-Price, approached KBS Corporate with the sale of their business in order to facilitate their retirement plans.

Following initial discussions, KBS Corporate implemented a diverse research strategy with a primary focus on sourcing a UK trade buyer. This proved highly popular with 78 interested parties being identified. The majority of whom came from trade with notable interest also coming from private equity and investment buyers.

KBS Corporate was able to utilise these high levels of interest to generate five trade offers. The successful offer came from SKG Acquisitions, who invest primarily in chain services, wholesale and distribution, manufacturing and technology. The acquisition will enable SKG Acquisition to strengthen their presence within the market.

Americandy Inc Limited was advised by Fabio Rambelli, KBS Corporate Associate Director, throughout the process.

SARN Technologies

SARN Technologies is a managed service provider that offers a wide range of IT support and development services. The company has a diverse client base, many of whom have been with the business since its inception. 

Having built up SARN Technologies over the course of 13 years, the shareholders instructed KBS Corporate with the sale of their business to enable their retirement plans.

SARN Technologies attracted a wide range of interest from 95 interested parties which resulted in 9 offers predominately from trade with some interest from investment. The ultimate offer came from Razorblue as part of their plans to grow their geographic footprint.

Dan Kitchen, Chief Executive of Razorblue, commented: “We’re excited to have expanded our business further into Scotland. While our roots are in the North of England, our client base is located throughout the UK. It makes sense to acquire a business that is already doing what we do, but in a different location. Our shared experience of 30 years and alignment of values will ensure this is a seamless transition with minimal disruption to ongoing commitments and service levels.”

Graeme Scott, SARN Managing Director, said: “This acquisition is set to be a perfect blend of technical synergies, fitting with our aspirations for the future. I can say with confidence that Razorblue aligns with our values, and they too lead with a customer-centric approach to business. There will now be a more extensive range of services available to our valued customers, as well as career progression opportunities for the technical team.”

SARN was advised by KBS Corporate Associate Director, Nathan Leah.

Silkstone Environmental

The company is a multidisciplined consultancy, specialising in several sectors including mineral, waste management, site investigation and surveying. The company was formed in 2000 and over the years has developed an excellent reputation which enables the business to generate its sales via word-of-mouth referrals.

The shareholders approached KBS Corporate with the sale of their business to allow further growth under new ownership.

Silkstone Environmental attracted 27 interested parties and 2 offers. The successful offer came from Constructions Testing Solutions Ltd as part of their ongoing growth via acquisition strategy and was backed by Palatine Private Equity. CTS Ltd recently completed the sale of CGL Limited in November 2020 and Nicholls Colton Group in early 2021.

Phil Coles, CEO of CTS said: “This latest acquisition supports our overall growth strategy and focus on delivering market leading construction testing and consulting solutions to our clients. It further strengthens our position in the UK construction testing and consulting market and provides numerous synergies and opportunities that benefit both CTS and our clients.”

Managing Director of Silkstone Environmental, Mark Barrett, will remain with the company and commented on the deal: “I’m delighted to be continuing with Silkstone as Managing Director and supporting the administrative integration process along with future growth of the combined business. Together, we can offer customers a wider range of services, helping to reinforce CTS’s position as a leading provider of construction testing and consultancy services in the UK.”

Silkstone Environmental was advised by KBS Corporate throughout the process.

Dunwood Polymer Services Limited

Dunwood Polymer Services Limited specialises in the distribution of water-based polymer dispersions. The Yorkshire based company has over 25 years’ experience.

The successful offer came from Richard Baker Harrison Ltd, part of the OBG Group. Since 2017, OBG Group has been following growth strategy via acquisitions which is supported by a £27.3m investment package from HSBC. The acquisition will see the creation of a new company Dunwood Specialities Limited.

Peter Stanton, Owner of Dunwood Polymers commented: “We are very excited by RBH’s acquisition and the opportunity it creates to deliver on our customers’ requirements. I am delighted to be part of a team whose entrepreneurial spirit means we will work together to offer a wider portfolio of materials and more efficient supply chains to help us focus on service and broaden our innovation horizons.”

Martin Cicognani, Managing Director of RBH commented: “This investment provides us with a wider scope for future-focused development and a strong customer base for our products and services that will help to inspire change across our specialist markets. We are excited to launch Dunwood Specialities as part of the RBH Group and look forward to its immediate contributions to our success together.”

Following the acquisition Peter Stanton and Stacey Turner, of the Dunwood management team, will remain. This is will enable the underlining the commitment of both organisations to create added value for customers and stakeholders.

Dunwood Polymers was advised by Tom Eatough, Associate Corporate Director, throughout the process.

Souter Reputation Management Consultancy Limited

Souter Reputation Management Consultancy Limited, trading as Souter PR, is an award-winning public relations agency specialising in the development of effective media relations and content strategy campaigns for SMEs.

Sue and Roger Souter, the shareholders of Souter PR, approached KBS Corporate with the sale of their business in order to enable further growth of the business.

KBS Corporate implemented a nationwide research strategy pursuing both trade and private equity investors. The opportunity saw high levels of trade interests with 30 interested parties being identified.

The successful offer came from Hampshire based Jargon PR who provides bespoke public relations campaigns to primarily business to business clients. This marks Jargon PR’s second acquisition within 12 months, as the company seeks to expand its geographic footprint, with the acquisition in both Wales and the North of England. The company has developed an excellent reputation winning four awards in 2020.

Sue Souter, Managing Director at Souter PR, commented: “After working closely with the Jargon PR team over the last few months, we’re excited to officially merge with the agency.

“Simon and his team strive to create national and international PR campaigns that support businesses in achieving their objectives, and we’re confident they’re the perfect partner for us.”

Simon Corbett, CEO at Jargon PR, added: “The team at Souter PR brings with them impressive experience and contacts, as well as a client base of exciting and innovative businesses across the technology and business-to-business market.

“Manchester was recently named the fastest-growing tech hub in Europe. Today’s acquisition will place the Jargon PR team at the heart of this incredible community, aligning the agency with the UK Government’s ‘levelling up agenda’ that continues to drive growth, investment and innovation across the region.”

Leo Freschini, KBS Corporate Deal Executive, advised Souter PR throughout the process and commented on the deal: “I’m delighted for all parties, from day one these companies seemed an ideal fit and I’m looking forward to seeing how Jargon and Souter continue to develop.”

Post completion both Sue and Roger will remain with Souter in Senior Management roles to utilise their wealth of experience in the industry.

Flair Developments Limited

Flair Developments Limited is a one-stop provider of effective fire prevention services, specialising in the installation of fire doors, fire alarms and fire stopping products for clients based across London and South East England. The company was founded in 2008 and commenced trading, quickly establishing itself within its sector and building up relationships with new clients.

Bob Wilkinson and Antony Monk, the shareholders of Flair Developments, approached KBS Corporate with the sale of their business. To facilitate the retirement of Bob and to continue growth under the impetus of a new ownership.

Flair Developments Limited proved highly popular with 55 interested parties being identified. The company went on to receive three offers, two from trade and one private equity. The successful offer came from Ansor Limited. The acquisition will enable an expansion of their geographic coverage and enable the creation of a one-stop-shop service for any given building.

Matt Sibley, Corporate Deal Executive at KBS Corporate, advised Flair Developments and commented, “Ansor have been on an acquisition drive and have bought several good quality companies from KBS to help them fulfil their acquisition strategy and allow our clients the exit they seek.”

Tellemachus Limited

Tellemachus is a long-standing provider of IT technology solutions with an enviable blue-chip client base. The Company has extensive experience of protecting classified Government information and providing cyber security solutions that comply to international standards such as Cyber Essentials & ISO 27001.

The company was formed by Matt and Peter Wood, who are now offering the business for sale to enable growth under the guidance of a new owner.

The opportunity attracted an impressive 135 interested parties, this included buyers trade and private equity from both the UK and overseas. This resulted in seven competing offers.

The final offer came from Bedroq Limited the shareholders of the company has a clear acquisition via growth strategy. The acquisition will see Bedroq Limited expand their geographic footprint from London to Glasgow, as well as adding to their service offerings.

Managing Director of Bedroq, Edward Armitage, commented: “We have taken a careful approach in selecting the right company to join Bedroq, ensuring that both businesses would benefit and ultimately excel together. Our objective has always been to find a like-minded team that bring additional skills and wisdom to Bedroq. We think we’ve found that in Matt and Peter and the team at Tellemachus.”

Post-acquisition Managing Director Peter Wood, along with CTO Matt Wood, will remain with the business to facilitate a smooth transitional period.

Corporate Deal Executive at KBS Corporate, Matthew Sibley, advised Tellemachus throughout the process.

The Filter Design Company Limited

The Filter Design Company is a specialist designer and manufacturer of filters and automation systems, priding itself on offering comprehensive filtration solutions to a diverse international client base. The company has an excellent reputation winning the St Helens Chamber Small Business of the Year award and came runner up as Exporter of the Year for 2019.

The shareholders of The Filter Design Company, Phil and June Scott, approached KBS Corporate Finance to oversee the sale of their business in order to realise the value of their years of hard work and focus more on engineering challenges rather than the day to day running of an organisation.

The successful offer came from the United States-based Gentex Corporation. The Filter Design Company was already a supplier of Gentex Corporation providing a clear synergistic acquisition. Post completion, Phil Scott will remain with The Filter Design Company, all staff and sites will be retained with Gentex Corporation investing and expanding the current premises.

Associate Corporate Director at KBS Corporate Finance, Joe Norris, advised The Filter Design Company and commented: “The acquisition appears to be a perfect fit given the obvious synergies. Finalising and completing this deal was a prolonged and at-times difficult process that involved a lot of work on behalf of our clients, their solicitors and KBS Corporate Finance to get it over the line. However, it was well worth it in order to achieve an excellent outcome for all parties.”

Ingenieur Limited

Ingenieur Limited is a well-regarded precision engineering company supplying complex components to the aviation, defence, oil and gas industries. The company has experienced considerable growth since its inception, with its reputation for an exceptional service, knowledgeable workforce and high-quality products ensuring the continued strength of the business. Ingenieur Limited was established over 40 years ago and over this time has developed relationships with blue-chip clients which it has held for in excess of 20 years.

Stephen Hill and Dermot Mullins, the shareholders of Ingenieur Limited, instructed KBS Corporate with the sale of their business to enable them to pursue alternative, unrelated interests and a lifestyle change.

The opportunity attracted an impressive 70 interested parties, the majority of which came from UK and oversees trade buyers. This interest was able to produce three offers.

The successful offer came from G&J (CNC) Limited who specialises in CNC machines and tooling to produce small metallic components. The acquisition will enable G&J (CNC) Limited to expand their existing group of companies.

Leo Freschini, Corporate Deal Executive at KBS Corporate, advised Ingenieur Limited.

Jonathan Carey Design

Jonathan Carey Design specialises in the design, manufacture and installation of bespoke furniture and specialist joinery solutions for new and refurbished commercial buildings. The company operates on a national basis with a diverse range of clients in the public and private sector. Jonathan Carey Design has developed a reputation for excellence and FSC, Constructionline Gold, Safe Contractor and Builders Profile certified.

Having built the business over the years, the shareholders approached KBS Corporate with the sale of their business in order to enable them to pursue unrelated business interests. During their initial discussions with KBS Corporate it was identified that an MBO was the preferred option, as the management team already had knowledge of the company and could ensure its ongoing success.

This led KBS Corporate to focus the research strategy on finding funding for the current management team in order to enable an MBO. The opportunity attracted four offers. The successful offer came from Caple who supported the current management team of Jonathan Carey Design with a long term, fully unsecured £5 million loan.

Sean Brophy, Capable Country Manager, commented “Jonathan Carey Design is a hugely impressive business, operating in a sector which is underserved by lenders. Working alongside KBS Corporate and the management team allowed us to really understand the key revenue drivers and growth opportunities for the business, and ultimately to support based on a genuine forward-looking, cashflow basis.”

Guy Haynes, Corporate Director at KBS Corporate Finance, commented: “Jon Carey and Steve Draper have developed and grown a fantastic business over the past 18 years, and in recent years have developed a dynamic and diligent management team in their image. KBS Corporate Finance is delighted to have been able to collaborate with Caple and the team at Jonathan Carey Design in order to facilitate a good deal for the current shareholders, and a platform upon which the company can continue its highly impressive growth.”

Silven Recruitment

Silven Recruitment is a highly respected recruitment company that specialises in the supply of contract and permanent staff to the food and drinks manufacturing sector. Over the years the company has developed an excellent reputation with multiple blue-chip clients.

During the initial meeting it became clear that the shareholder was interested in pursuing an MBO, which would enable the majority shareholder, Ian Simkins, to leave the business with Jeremy Pierce, the current Managing Director, to take his place. 

KBS Corporate was able to secure funding from Close Brothers in order to back the MBO.

Post completion, Ian Simskins will remain with the business in order to ease the handover period.

Silven Recruitment was advised by Guy Haynes, Corporate Director at KBS Corporate.

Caremore Services Limited

Caremore Services is a respected supplier of janitorial cleaning supplies, medical equipment and furniture for clients in the care home market. The company was founded in 2008 and has experienced considerable growth since. Caremore Services has established itself as a key provider within the North East of England, with some clients staying with the company for over eight years.

David Caley and Peter Moore, the shareholders of Caremore Services, approached KBS Corporate with the sale of their business in order to realise their retirement plans.

During initial discussions it became clear that staff retention was highly important to the shareholders. This shaped KBS Corporate’s research strategy with a primary focus being placed on a trade buyer within the UK. KBS Corporate was able to source 29 interested parties and negotiate two offers.

Trade buyer National Print Solutions made the offer that was accepted. The acquisition will see National Print Solutions expand their service offerings and continue to grow their group. This will also enable the retention of staff and David Caley and Peter Moore will remain with Caremore Services in order to facilitate a three-month handover period.

Jacob Lord, Corporate Deal Executive at KBS Corporate, advised Caremore Services and commented: “The acquisition of Caremore Services Limited will provide an excellent foothold for National Print Solutions to enter into the supply of care homes. This will introduce several cross-selling opportunities for their products, which will no doubt add value to their existing customers. All parties worked diligently to ensure the deal progressed and I’m thoroughly pleased that my client is now able to enjoy their retirement and wish National Print Solutions the best of luck with their new opportunity.”

Liver Plant and Tool Hire Limited

Liver Plant and Tool Hire is a well-established, independent provider of plant, machinery and tool hire and sales. The company was established in 2005 and over the years has continued to expand, earning an excellent reputation and establishing a prominent customer base, whilst also achieving several respected, industry-recognised certifications.

The shareholders of Liver Plant and Tool Hire, Peter Kay and Kim Herden, instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans.

KBS Corporate implemented a research strategy with a key focus on trade buyers, this resulted in 23 interested parties being identified.

The successful offer came from City Tool Hire Ltd, an established independent tool hire company that serves the construction industry in London and South East. The acquisition will enable City Tool Hire to expand their geographic footprint within the UK.

Lionel Burgess, Director at City Hire, commented: “We’re really pleased to be able to extend the City Hire service to major cities in the North West through this acquisition. The team at Liver Plant share many of our values at City Hire and we’re looking forward to serving more customers in this region.”

Jacob Lord Corporate Deal Executive at KBS Corporate advised Liver Plant and Tool Hire throughout the process.

Swan Network Solutions

Swan Network Solutions provides complete IT support services for SMEs based across the North West of England. The company was established in 2004 and is based in Cheshire. Swan Network Solutions benefits from a highly skilled workforce who have enabled the company to establish an excellent reputation.

The company shareholders, Stephen Nicholls and Andrew Horrocks, instructed KBS Corporate in order to allow them to pursue unrelated business interests and to reassess their work life balance.

During KBS Corporate’s initial discussions with the shareholders it became clear that staff retention and the continuation of the brand were of high importance. This shaped KBS Corporate’s research strategy with a heavy focus on UK trade buyers, especially those within the managed service provider (MSP) market. The approach proved highly successful with 98 interested parties being identified, and three competing offers.

The ultimate offer came from Manchester based Tectrix Solutions. The company offers a client focused approach to IT and telecoms solutions to businesses throughout the UK. Established 19 years ago, Tectrix Solutions boasts an impressive 97% client retention rate. The acquisition will enable Tectrix Solutions to enter the MSP market. KBS Corporate was able to negotiate the retention of all current staff of Swan Network Solutions.

Les Mitty, Tectrix Solutions CEO, commented: “This acquisition has nearly doubled our size overnight,” he said. “We hope to have two more done within the next 20 months and I do not see why we cannot hit £10m.”

Jacob Lord, KBS Corporate Deal Executive, advised Swan Network Solutions throughout the process and commented: “The acquisition of Swan Network Solutions for Tectrix opens up many doors and allows Tectrix to enter into the lucrative MSP space, which will no doubt add value to their existing customers. COVID certainly made matters difficult, but with the resilience of the vendor and buyer we were able to achieve the goal set out. I worked closely with the solicitors to ensure the deal moved smoothly, but also to ensure that my client had a full understanding of what was happening at any given time, as it was their first transaction.”

Following completion, Stephen Nicholls and Andrew Horrocks will remain with the company to facilitate a handover period.

Tann Synchronome

Tann Synchronome provides a complete solution to fire and security requirements. The company designs, supplies and installs security systems, providing commissioning, verification and maintenance, post-installation. Tann Synchronome boasts an enviable client list with many blue-chip clients, the majority of whom provide reliable repeat business.

William Jones, William Heaven and Roger Sensier, the company shareholders, instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans.

Tann Synchronome saw impressive levels of interest with 58 interested parties being identified. Tann Synchronome received five offers from a variety of sources including trade, MBI and investment buyers. The ultimate offer came from CDS who are currently pursuing a growth via acquisition strategy.

CDS Chairman Simon Cashmore commented: “Our buy and build strategy has a three-pronged approach. We aim to broaden our geographical reach, add service capability and expand our services in the compliance sector. Acquiring Tann Synchronome enables us to impact all three of these. It has an established reputation in the sector and gives us access to adjacent services and to new clients across the UK.”

Tann Synchronome Managing Director William Jones commented: “I am very pleased that the company will become part of the wider, dynamic and energetic CDS offering. Our combined clout and expertise should be of massive benefit to so many companies, schools, universities, office complexes and commercial operations.”

Tann Synchronome was advised by Matt Sibley Corporate Deal Executive at KBS Corporate.

Automatic Engineers Limited

Leicestershire based Automatic Engineers Limited is a provider of subcontracted machining services. The company was established in 1965 and since then has developed relationships with a multitude of blue-chip clients across a range of sectors.

The shareholder of Automatic Engineers Limited, Steven Evans, approached KBS Corporate with the sale of their business in order to enable them to realise their retirement plans.

KBS Corporate implemented a diverse research strategy which resulted in high levels of interests from both trade and investment buyers. The opportunity attracted 31 interested parties and seven offers.

The successful offer came from TGM Partners Limited. The private equity firm invests in multiple sectors specialising in the acquisition, transition and growth of owner-managed businesses.

Fabio Rambelli, KBS Corporate Associate Director, advised Automatic Engineers Limited throughout the process.

SYK Recruitment Specialists Ltd

SYK Recruitment Specialists Ltd is a national supplier of permanent healthcare recruitment. The company has an enviable client base with agreements in place with the NHS and multiple leading UK care groups. SYK Recruitment Specialists Ltd was founded in 2011 and has quickly established itself within the healthcare recruitment market.

KBS Corporate was approached by SYK Recruitment Specialists Ltd in order to facilitate the current shareholder’s, Gemma Hutchinson-Bennett, change of lifestyle.

The opportunity attracted primarily trade interest. The ultimate offer came from PSR Recruitment, a recruitment specialist who operates in a variety of markets. The acquisition enables the company to expand their healthcare operations.

PSR Managing Director James Sanders commented: “We are excited by this acquisition. SYK have a great name and reputation in the sector. Gemma and the team have done fantastically well over the last 10 years and have continually developed the business and are on all the major frameworks”

“They share the same values and work nationally which within our current infrastructure, aligns well to what PSR does in the construction industry.”

SYK Recruitment Specialists Ltd were advised by KBS Corporate Finance Corporate Director Guy Haynes.

Kiowa

Kiowa is an independent supplier of over 75,000 industrial products such as industrial hoses, hydraulics and couplings, serving a diverse customer base across the UK and overseas. The company was established in 1991 and has seen significant growth over the years. Kiowa benefits from a loyal customer base with several relationships spanning over ten years. Headquartered in Sleaford, Lincolnshire, the company has a great geographical spread across six depots throughout the UK.

Lisa Needham, the majority shareholder of Kiowa, approached KBS Corporate with the sale of her business due to changes in her personal circumstances. 

KBS Corporate implemented a diverse research strategy with interest coming from both trade and PE buyers.

Offers were received from 5 separate trade and Private Equity acquirers, with Italy based Alfagomma eventually being the successful party. KBS Corporate was initially able to secure an offer from Alfagomma prior to the pandemic; however, with Completion due in March 2020 this was delayed by the impact of Covid-19 in both countries. Once the situation began to stabilise KBS Corporate was able to progress the completion. Alfagomma is an international manufacturer of hydraulic and industrial fluid handling systems, with 3,915 employees across Europe, The Americas, Asia Pacific and Africa, and had an existing relationship with Kiowa as a supplier.

Guy Haynes, KBS Corporate Finance Corporate Director advised Kiowa throughout the process, with legals being provided by Ian Roberts and Nicola Bilner from TLT

“With the impact of Covid, this was a long journey to Completion which presented challenges to both parties.  However, the parties were able to maintain cordial relations during the covid period, which enabled us to close early in 2021.  The final offer was extremely attractive and offered a clean break to Lisa Needham, and with Alfagomma’s backing, the potential for Kiowa is enormous.  People make deals work and here, the good nature of Anthony Towers and Lisa Needham was critical to this deal succeeding, and I am genuinely delighted to have helped enable this deal to succeed.”

The deal sees Kiowa Managing Director Anthony Towers, who held a minority stake in Kiowa, remaining with the company in his current role.

Graybar Limited

Graybar Limited is a Railway electrical product specialist, manufacturing self-regulating point heating systems, mechanical cable accessories and signalling distribution systems. The company has developed strong client relationships over the years with multiple clients remaining with the business for over 20 years.

Graeme Ford and Susan Ford, the shareholders of Graybar Limited, instructed KBS Corporate with the sale of their business in order to enable them to pursue unrelated business interests.

KBS Corporate implemented a research strategy with a primary focus on trade. This resulted in 37 interested parties being identified and three competing offers. The successful offer came from Sweden based NIBE. The company manufactures energy-efficient and sustainable climate

solutions for domestic use. The acquisition will see Graybar Limited become part of Heatrod, NIBE’s UK division, and work closely with Denmark based San Electro heat, one of NIBE’s specialist rail divisions.

Graeme Ford commented, “I am delighted to see Graybar, a company I formed back in the early 1990’s, now being a valuable part of the NIBE Group. I also look forward to the future, continuing the growth of Graybar, using our strong product base in the rail industry, added together within the strength of the group to further enhance the business opportunities for us all. We have an exciting time ahead and my wife Susan and I are very much looking ahead in supporting the business activities.”

Simon Ellam, Managing Director of Heatrod, commented “At Heatrod Industrial we continue to build our portfolio of industrial heating products and services. Graybar fit our profile of engineered heating solutions and products with approvals and certifications that are well proven within the rail sector. We are looking forward to working with the wider NIBE group and our colleagues in Denmark to further develop our presence in the UK rail market.” Nathan Leah, KBS Corporate Associate Director, advised Graybar Limited

Reach Personal Injury Services Limited

Based in North Yorkshire, Reach Personal Injury Services Limited is a home and community-based rehabilitation service provider for patients with all levels of traumatic brain injuries. The company was established in 1994 and over the years has developed an enviable client base of well-established, reliable blue-chip companies.

The shareholders of Reach Personal Injury Services Limited, Heather Batey and Philip Feldman, approached KBS Corporate with the sale of their business in order to facilitate one of the shareholder’s retirement plans.

The opportunity attracted a wide range of interest and KBS Corporate was able to identify 23 interested parties. KBS Corporate was able to utilise this interest to generate three competing offers. The ultimate offer came from FL360 Limited, trading as handl Group, a UK trade buyer who is currently pursuing a growth via acquisition strategy. The acquisition marks handl Group’s seventh since 2019.

Reach Personal Injury Services Ltd Managing Director, Heather Batey, said: “At Reach we believe that people who have experienced traumatic brain injuries deserve every possible chance to lead a normal life and re-acquire the kind of skills that many of us take for granted every day.

“After 27 years, I wanted to build the next step for the business. Graham shares my view of the opportunity for Reach, and I strongly believe that our joining handl Group will enable us to move forward so that the people we help have access to ever better rehabilitation.”

“handl Group’s core focus of people and technology working hand in hand fits our own business philosophy, and my expectation is that aligning Reach to the various brands within handl will enable us to significantly broaden our customer base, both within the insurance sector but also into other parts of the healthcare market.”

handl Group Chief Executive Officer, Graham Pulford, commented: “Reach represents a great addition to our portfolio of complementary businesses that together provide a wide range of solutions to the insurance and legal sectors.

“Reach’s experience and expertise ensure that people who have had the worst kind of injuries have the best possible opportunity to improve and restore their quality of life.

“I am confident Reach will make a very valuable contribution to handl’s aims and aspirations, and we’re looking forward to working with Heather (Batey) and her team as they continue to develop their services in the future.”

Andrew Dodd Corporate Director at KBS Corporate advised Reach Personal Injury Services Limited throughout the process.

Heather Batey will remain with the company post completion.

Key Management Systems Limited

Key Management Systems Limited is a specialist designer and manufacturer of access control systems, having established itself as the UK’s leading supplier of residential access control products and services.

Timothy Gregory, Alan Cooney and Timothy Rogers, the shareholders of Key Management Systems Limited, instructed KBS Corporate with the sale of their business in order to enable them to pursue unrelated business interests.

KBS Corporate implemented a diverse research strategy which resulted in 58 interested parties being identified. The successful offer was from Midlands based CAME UK. The company is a well-established trade buyer who benefits from an international client base.

President of CAME S.p.A. Andrea Menuzzo commented: “KMS became a real target for CAME towards the end of 2019 where we were impressed with its solutions offered and state of the art cloud-based management system. CAME takes great pride in being at the forefront of both technology and connectivity and we soon found that KMS shared these exact same values.”

Managing Director of CAME UK, James Bostock said: “CAME UK is delighted to be able to welcome KMS into our CAME family and extremely grateful for the fantastic opportunity we have been granted by our corporate headquarters to further expand our UK operations into new market sectors alongside emerging product technologies that KMS will provide.”

“Working alongside the existing management team at KMS throughout the acquisition process we quickly realised that both CAME and KMS shared the same quality values that create a perfect starting block to look forward into how both companies can work together to improve our product offer, business operations and position in the market.”

Andrew Dodd, Corporate Director at KBS Corporate, advised Key Management Systems Limited throughout the process.

ABG Limited

ABG Limited design, develop and manufacture geosynthetic engineering products. The company was established in 1988 by Alan Bamforth and Elizabeth Bamforth, who were later joined by Peter Van Ruiten. Over the years the company has developed an excellent reputation and an impressive international client base.

The three shareholders of ABG Limited instructed KBS Corporate with the sale of their business. The opportunity attracted interested from overseas and UK trade buyers.

The successful offer came from Belgium based BontexGeo Group, which is a portfolio company of private equity firm Nimbus. Following a number of years of successful trading between ABG Limited and BontexGeo, the purchaser, backed by Nimbus Private Equity identified that this opportunity would further strengthen their service offering and geographical foothold. In addition, the group inherit a strong brand within the space by bringing the ABG brand on-board.

Annie Shiel Associate Corporate Director at KBS Corporate, commented “It was identified at the beginning of the process that ABG Limited had a strong and niche offering in their space and we quickly generated interest mostly from trade purchasers both UK and Internationally.

It has been a pleasure working with the shareholders to achieve the desired outcome and all involved strongly believe that we have found the right home for ABG to further flourish.”

ABG Limited Managing Director, Alan Bamforth commented: “Many thanks to you both for the unfading support. For me this is a once in a lifetime event – thank you for helping to make this special. I am more than happy to be joining a larger group and one that I feel will build on what Liz, Peter and I have created over 30 years.”

Rob van der Valk, managing director of BontexGeo, said: “This acquisition allows us to strengthen our position in the UK market and reinforces our commitment to invest in growth opportunities following the carve-out from Low & Bonar plc.”

Alan Bamforth will remain with ABG Limited as Managing Director post sale.

Vertemax Group Limited

Vertemax Group Limited are a group of companies specialising in work zone safety, providing a range of products and services including barriers and access solutions. The group was formed in 2010 and has developed a global client base with clients based in the UK, Europe and Canada.

The company shareholders, Gary Taylor, Michelle Taylor and John Hardy, approached KBS Corporate Finance with the sale of their business in order to allow them to spend more time with their families. It became clear during early meetings that staff retention and future growth were important considerations for the shareholders.

KBS Corporate Finance implemented a diverse research strategy which resulted in strong overseas and trade investment. The opportunity attracted special interest from Germany and Sweden and generated three competing offers.

The successful offer came from Sweden-based Haki, which designs, develops and supplies safe, fast, and ergonomic temporary access and modular scaffolding solutions. The company has been established for over 60 years and is part of the Midway Holding AB group.

Haki’s CEO, Thomas Schüller, commented: “We have been in contact with Vertemax for a long time and it is very satisfying that we have been able to reach an agreement under the current circumstances.”

Gary Taylor founder and CEO of Vertemax stated: “We look forward to becoming a part of the Midway Holding group of companies. We see this as a strategically important step for us to be able to create more value for our customers. With our consolidated capabilities and resources, we are convinced that we will generate a stronger platform for future growth.”

Joe Norris, Associate Corporate Director for KBS Corporate Finance, advised Vertemax on this transaction.

STR Logistics

STR Logistics is a dedicated provider of logistics services, predominantly focusing on the delivery of items across South West England. Founded in 2000, the company has become well established within the delivery sector, and benefits from a loyal client base some of whom have been with the business for over 15 years.

Steve Richardson and Colette Richardson, the company shareholders, approached KBS Corporate with the sale of their business in order to allow them to pursue new unrelated business interests. During initial discussions with the shareholders it became clear that they wished to maintain a sense of normality within the company. This informed KBS Corporate’s research strategy and allowed us to pursue a trade buyer, who would have existing knowledge of the sector.

This approach proved highly successful with 46 interested parties predominately from trade, with some interest from investment and private buyers. KBS Corporate was able to utilise this appetite to generate four competing offers.

The successful offer came from trade buyer 2020 Logistics Solutions. Whilst the company is relatively new it was established by Anthony Quinn and Peter Adams who have many years of experience in his previous business, Quinn Logistics Consultancy. 2020 Logistics Solutions commented:

“We are absolutely thrilled and delighted to have acquired STR which has an amazing and successful history providing professional transport logistics solutions from the heart of Devon. The company has an enviable footprint and scale from its’ location in the South West providing reliable, well executed, regional and national transport solutions to Logistics, Retail and Commercial customers.

We are now very much looking forward to the exciting journey ahead working with our new colleagues and much valued customers to take STR to the next level of development. We plan to expand our service portfolio and increase our geographic presence to serve our existing and future customers with ‘best in class’ tailored UK transport logistics, storage, and warehouse solutions.”

Following the sale Anthony Quinn and Peter Adams will become Joint Managing Directors of STR Logistics. Steve Richardson will be stepping away from the business but has accepted the honorary position as STR Lifetime Chairman.

STR Logistics was advised by Matthew Sibley, Corporate Deal Executive at KBS Corporate, throughout the process.

Advance Security Limited

Advance Security Limited is a provider of security systems and fire alarms. From their headquarters in Cambridgeshire. The company was established in 1999 and has developed a loyal customer base throughout East Anglia. Over the years Advance Security Limited has seen considerable growth including the acquisition of a competitor in 2012, which enabled them to grow their client base to include two blue chip businesses.

Advance Security Limited’s shareholders, Paul Mantovani, Jeffery Sheppeard and Fiona Sheppeard approached KBS Corporate with the sale of their business in order to facilitate the retirement of one shareholder and prepare for the future exit of the other shareholders.

KBS Corporate implemented a diverse research strategy with a primary focus on UK trade buyers. This was supported by the use of crossmatching and online advertising. The opportunity attracted no less than 76 interested parties. KBS Corporate was able to utilise this high level of interest to generate three competing offers. The successful offer came from New Path Fire and Security Ltd, a group specialising in fire and security compliance businesses. The group is actively seeking growth through acquisition, with Advance Security being the group’s fourth acquisition.  

Paul Mantovani, Advance Security Limited Managing Director, will remain with the company post-sale.

Fabio Rambelli, KBS Corporate Associate Director, advised Advance Security Limited throughout the process.

Moss Switchgear Services Limited

Hampshire based Moss Switchgear Services Limited provides the provision, installation and maintenance of low-voltage switchgear and electrical distribution equipment. The company was established in 1996 and over the years has developed strong client relationships.

It became clear during initial discussions with KBS Corporate that further growth of the business, customer safeguarding and a smooth transition period was important to the sole shareholder Michael Penrose.

Moss Switchgear Services attracted a wide range of interest. The successful offer came from UK trade buyer Otter Controls. The company proved an excellent fit as Otter Controls is a highly respected name who will be able to take Moss Switchgear Services forward and offer additional value and services to current customers. Otter Controls is based in Derbyshire with representatives across the globe including Europe, Japan, India and America. Otter Controls intends to strengthen Moss Switchgear Services’ exposure in the switchgear market, supported by a well known and respected brand.

Leo Freschini, Corporate Deal Executive at KBS Corporate, advised Moss Switchgear Services throughout the process and commented on the deal: “I’m very happy with the way all parties conducted themselves throughout the process and I believe the transaction puts both companies in a great position to develop in the future.”

Post-sale, Otter Controls intends to maintain and grow the business as the UK moves out of Covid restrictions.

GoEco Renewables Limited

GoEco Renewables Limited specialises in the installation of renewable energy technologies in homes and businesses, aiming to deliver efficient and sustainable alternatives to traditional energy provision. The company was established in 2016 and has experienced rapid growth, trebling its year one profits over the first three years of operations. This is due in part to GoEco Renewables Limited’s excellent reputation, which sees most clients providing repeat business. The company has seen high levels of success, having been nominated and winning multiple awards including Yorkshire STARS Awards Construction Apprentice of the Year 2018, and Yorkshire Choice Awards Business of the Year 2019.

Christopher Delaney and John Gilham, the shareholders of GoEco Renewables Limited, instructed KBS Corporate with the sale of their business in order to pursue further growth. During initial discussions it became clear that finding a buyer with experience and was the right fit for the business was vital, due to Christopher Delaney and John Gilham remaining with the business post completion.

KBS Corporate then implemented a research strategy with a heavy focus on UK trade and financial buyers. This enabled KBS Corporate to identify over 20 interested parties. The successful offer came from Ansor Ventures and marks their third acquisition via KBS Corporate in 2020.

Tom Eatough, KBS Corporate Finance Associate Corporate Director, advised GoEco Renewables Limited throughout the process.

Engineering Safety Consultants

Engineering Safety Consultants Ltd is a specialist global provider of functional safety expertise and technical consultancy. The company was formed in 2009 and developed relationships with multiple blue-chip clients. Over the years, the company has developed a substantial foothold and benefits from offices in London, the North West and the North East. 

Engineering Safety Consultants Ltd approached KBS Corporate with the sale of their business in order to facilitate the retirement of two shareholders. A key consideration for Engineering Safety Consultants Ltd was to maintain the retention of two other key shareholders.

Following initial discussions, KBS Corporate implemented a research strategy focusing on UK trade buyers and investment companies. KBS Corporate was able to generate 40 interested parties with the majority of interest coming from UK trade buyers. This resulted in four competing offers.

The successful offer came from ERM Limited, a leading global provider of management consultancy. The company is headquartered in London with offices in over 40 countries. ERM Limited is currently pursuing growth through acquisition, with Engineering Safety Consultants Ltd being the second acquisition of 2021.

Fabio Rambelli, KBS Corporate Associate Director, advised Engineering Safety Consultants Ltd and commented, “I wish all parties involved the best of luck with their future endeavours and I am confident that Engineering Safety Consultants, its management and staff will have a very successful future under the new ownership of ERM.”

JLF Moving Solutions Limited

Based in Staffordshire, JLF Moving Solutions Limited is a leading furniture removal company. Since being established in 2010 the company has seen significant growth, with 100% of clients providing reliable, repeat business. JLF Moving Solutions Limited works with clients in the insurance sector.

The shareholders Steve Lomas and John Lomas instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans. During initial discussions it became clear that pursuing a UK buyer wishing to expand their geographical footprint was the best fit. In addition to this there was a clear preference for a trade buyer. KBS Corporate was able to generate 30 interested parties, with the majority of interest coming from trade buyers. This resulted in two competing offers.

The successful offer came from Shift Online. The company provide man and van services and specialises in moving services for unusual items, including motorbikes and pianos. Shift Online is headquarter in London with a client base across the UK. The acquisition of JLF Moving Solutions Limited will enable Shift Online to expand their reach further.

Annie Shiel, KBS Corporate Associate Corporate Director, advised JLF Moving Solutions Limited throughout the process and commented on the deal, “It was a pleasure working with the sellers and to achieve the desired outcome. I wish all parties the best for the future.”

Gortrush Trading

Gortrush Trading is a highly regarded ice cream wholesaler, serving a number of clients within the ice cream industry in Ireland and England. The company has experienced considerable growth since its foundation, with the strength of its workforce, products and service offering enabling it to build up an excellent reputation within its sector and maintain a high-value, long-standing client base.

Kieran Howe, the sole shareholder of Gortrush, instructed KBS Corporate with the sale of his business in order facilitate further growth under the impetus of new ownership. This allowed KBS Corporate to implement a research strategy with a primary focus on the UK and overseas trade buyers, which generated high levels of interest.

The successful offer came from NIC Enterprises Limited which is owned by Orkla Plc. Based in Norway, Orkla Plc is a supplier of branded consumer goods to the grocery, specialised retail, pharmacy and bakery sectors. The acquisition will strengthen the company’s foothold in the UK market, as well as adding to the overall product range.

“We already hold a strong position in ice cream ingredients and accessories in the UK market,” said Tor Osmundsen, CEO of NIC Group. “The acquisition of Gortrush is strategically right for increasing our foothold in Northern Ireland and gaining better access to the Irish market. Gortrush’s product assortment is a good match to that of NIC UK, and the businesses complement each other well.”

Annie Shiel, KBS Corporate Associate Corporate Director, advised Gortrush and commented on the deal,“With the continued motivation from all parties and advisers involved, the deal was quickly back on track after a few COVID-19 hiccups, and a successful outcome was achieved. KBS were well positioned to advise on complex deal mechanisms to accommodate the moving parts to the transaction, advise on financial aspects and manage the process throughout. It has been a pleasure getting to know and work with the buyers and sellers involved in this transaction. We wish both sides all the best for the future.”

Nutec Security Systems Limited

Established in 1984, Nutec Security Systems Limited is a security technology and systems provider based in Northampton. Over the years the company has developed an excellent reputation which has seem the achievement of NSI Gold and Constructionline membership. This has resulted in Nutec Security Systems Limited developing a loyal customer base with some remaining with the business for over 20 years.

After 36 years in the business, the shareholders of the company, Paul Beeby and Malcolm Ablett, approached KBS Corporate with the sale of their business in order to facilitate their retirement plans. KBS Corporate implemented a research strategy with a primary focus on sourcing a UK buyer. The majority of focus came from UK trade buyers, with some interest coming from UK private investors.

The successful offer came from Abel Alarm Co Limited. Based in Leicester and established in 1965, Abel Alarm is a leading provider of electronic security systems. The company benefits from national reach with 13 branches across the UK. The acquisition will enable Abel Alarm to further expand their customer base.

Annie Shiel advised Nutec Security Systems Limited and commented: “It has been a pleasure working with the sellers, the buyer and associated advisers. It was identified that Nutec Security would nicely contribute to the existing operations of Abel Alarm Co as well as providing the opportunity to build on the customer base and transfer skilled employees. With the continued dedication from all parties involved, the deal successfully completed. We wish the sellers and buyer all the best in their plans and the continued success of the companies.”

At On Line Computing Limited

At On Line Computing Limited provides IT and information security managed services to SMEs in the UK. The company was established in 1993 as a subsidiary and was established as a separate company in 1995 and is based in London. The company has maintained relationships with clients, spanning up to 23 years which is reflected by At On Line Computing’s excellent reputation.

The shareholders of the company, Paul Byrne, Oonagh Zeches and Jay Rasiah approached KBS Corporate with the sale of their business in order to explore other avenues. One of the major reasons for sale was to enable the major shareholder to pursue business interests in Ireland.

KBS Corporate implemented a diverse research strategy with a heavy focus on sourcing a UK buyer. No less than 58 interested parties were identified over the course of two rounds of research. KBS Corporate was able to utilise these high levels of interest to generate a competitive bidding environment.

The ultimate offer came from Tela Technology, providers of communication solutions and IT business services. The company was established over 30 years ago and holds many prestigious awards. Tela benefits from partnerships with multiple blue-chip companies and offices across the UK. The acquisition will enable Tela to expand their foothold in the south, particularly within London, and to diversify their service offerings.

Jacob Lord, Corporate Deal Executive at KBS Corporate, advised At On line Computing through the process and commented: “The acquisition will benefit both parties as it allows the shareholders to focus on other operations and gain the freedom they were seeking. It also provides the buyer an excellent foothold in a key location within the south, for further expansion of their group. I assisted with all the negotiations and maintained a close relationship with the buyer throughout the process to ensure the transaction ran smoothly. I am very pleased with the outcome and wish both the buyer and vendor the best of luck moving forward.”

Post-sale Tela is looking to retain the current staff and location of At On Line Computing, with some of the shareholders remaining in business to smooth the handover period.

Secure Web Services Limited

Shropshire based Secure Web Services Limited provides fixed wireless access network, specialising in offering flexible and affordable superfast broadband to properties across the county. The company was established in 2000 and has developed a strong client base. Secure Web Services Limited differentiates itself in the marketplace through its extensive coverage and is dedicated to achieving reliability and quality through the Company’s strong technical ability.

Christopher New, the current shareholder, instructed KBS Corporate with the sale of his business in order to facilitate further business development. Due to the desire to achieve further growth, KBS Corporate implemented a research strategy with a primary focus on private equity firms, with additional interest being generated from UK trade buyers.

The successful offer came from Rural Broadband Solutions PLC, formerly SAPO PLC, who invests in rural broadband providers which demonstrate high levels of growth and expansion potential. The acquisition will enable Christopher New to remain in Secure Web Services Limited, and the company will continue to benefit from growth and investment.

Keith Harris, Executive Chairman of Rural Broadband Solutions, commented: “We are delighted to be concluding this acquisition and fundraising, which will give investors an opportunity to benefit from exposure to the underserved rural broadband market.  We will drive growth in Secure Web Services Limited’s already loyal customer base, through planned network upgrades eligible for Government funding and through selective appropriate acquisitions.

“Developing this sector is a crucial element to the future growth of the UK economy, with so many people relying on a good broadband connection in all areas of the country. We thank existing and new shareholders for their support and look forward to updating the market with further progress in due course.”

Secure Web Services Managing Director Chris New added: “I am excited to take SWS through this important milestone of becoming a listed company.

“The landscape is certainly changing as more and more people work from home and the average family requirements of broadband speed in this rapidly changing digital world is only increasing.

“We currently provide super-fast broadband (30mbps+) to customers in rural areas who otherwise would struggle to achieve 1 mbps from Openreach partners.

“We are now ready to build on our 2,300 strong customer base and upgrade our network to deliver Gigabit services across Shropshire and further afield into other rural areas.”

Fabio Rambelli, KBS Corporate Associate Director, advised Secure Web Services Limited throughout the process.

Photostatic Anglia Limited

Founded in 1981 Norfolk- based Photostatic Anglia Limited supplies and services printers and photocopiers. Over the years, Photostatic Anglia has developed a loyal customer base with approximately 85% of customers providing repeat business.

Following initial discussions with the shareholders KBS Corporate implemented a diverse research strategy, with a primary focus on trade buyers. KBS Corporate was perfectly placed to also utilise access to professional networks. This generated interest from several trade buyers and small investment buyers.

The successful offer came from Netbox Digital Limited, a provider of printing, copying and scanning solutions based in Kent. The acquisition marks Netbox Digital’s first office based outside of Kent and is a key move in the company’s geographic expansion. In recent years Netbox Digital has seen high levels of success including repeatedly being recognised as one of the ‘Mega Growth 50’ businesses in Kent. In 2015 Netbox Digital diversified their offerings with the introduction of Netbox Recruitment which was followed by Netbox Managed IT Services Ltd.

Netbox Digital Managing Director, Paul Crewe, comments: “The acquisition of Photostatic Anglia Limited signals an incredibly exciting new chapter for Netbox. The level of growth we have achieved in Kent and the South East has been well documented and has provided the ideal base from which to start expanding our presence into other areas of the country. Norwich and the surrounding area offer enormous business potential with a thriving local economy and an abundance of successful local firms. We also have total confidence in the excellent reputation set to date by Photostatic Anglia Ltd in their service with their clients.”

Sales Director at Netbox Digital, Gareth Brown, added:  “Challenges have undoubtedly presented themselves from the economic impact of the Coronavirus pandemic and will of course have been felt across the economy as a whole. However, we firmly believe that despite this economic backdrop, there is still significant opportunity for growth, both locally and further afield.”

KBS Corporate advised Photostatic Anglia Limited throughout the process.

Celtic Process Control Limited

Celtic Process Control Limited is an engineering contracting company providing integrated design, manufacture and construction of instrument, electrical and modular mechanical process control systems with a focus on the water industry. The company is based in Wales. Celtic Process Control Limited was formed in 1974, originally named Instrument Services Newport and rebranded in 1981. The company benefits from excellent customer retention levels, with 90% of clients providing repeat business. Clients are primarily based in the water and anaerobic digestion industries, many of whom have stayed with the business for over 25 years. David F Morgan and Louise Morgan instructed KBS Corporate with the sale of their business in order to enable them to realise their retirement plans.

It became clear that employee retention, and the continuation of delivering high levels of customer service was highly important to the shareholders. This guided KBS Corporate’s research strategy towards a focus on sourcing a UK trade buyer, with some exploration of private investors. This process identified 26 interested parties, the vast majority of whom where private investors, and three competing offers. The successful offer came from Alex Dinham, a private investor.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, commented on the deal: “I was happy that the offer and the process met David’s expectations, and that the business will continue to operate as David wished following his departure.”

Precision Products (Brighton) Limited

Precision Products (Brighton) Limited is a subcontract machinist which manufactures high quality precision turned parts for a diverse client base across the UK and overseas. The company is based in West Sussex. Precision Products was established in 1974 and has developed an excellent reputation within its sector and has sustained client relationships exceeding 20 years. The company benefits from a diverse client base including clients in aerospace, automotive, air humidifiers, brewery, electronics and water industries. Brian Owen, Graham Owen and Sally Thorley instructed KBS Corporate with the sale of their business in order to facilitate the retirement of majority shareholder Brian.

During initial discussions it became apparent that the retention of current staff was highly important to the shareholders. KBS Corporate was then able to prioritise a regional trade buyer, however some private equity potential buyers were identified.  This proved highly successful and KBS Corporate was able to identify over 34 interested parties.

 The successful offer came from East Sussex based Picross Engineering, who specialises in CNC services, conventional machining and ancillary services. Picross Engineering was established in 1978 and has a reputation for excellence due to strict implementation of quality control and innovative use of technology. The company produces to the ISO 9001 Quality Management standard.  The acquisition of Precision Products was motivated by Picross Engineering’s growth strategy, marking their second acquisition. Precision Products will allow Picross Engineering to strength their foothold in the sector and expand their service offerings.  KBS Corporate was able to ensure the retention of the workforce and allowing Precision Products expands their offerings.

Jacob Lord, KBS Corporate Deal Executive, commented on the deal: “The acquisition will provide a great boost to the service offering for the buyer and allow them to continue their expansion within the UK market, as well as providing a stronger foothold.”

RSG Engineering Limited

RSG Engineering Limited, based in Staffordshire, specialises in the supply of innovative automotive products to the emergency and essential services, operating across the UK and Europe. The company was founded in 1985 and over the years has developed a reputation for excellence and a strong client base, with many relationships in place for over 20 years. The Company has been awarded the National Association of Police Fleet Managers (NAPFAM) Conference Best Stand award on three occasions. Robert Blakemore and Graham Vinson instructed KBS Corporate with the sale of their business in order to facilitate Graham Vinson’s retirement plans and allow the company to grow under the impetus of a new owner.

Following discussions with the shareholders it was clear that RSG Engineering Limited had both UK and International appeal. KBS Corporate’s research plan also placed a primary focus on trade buyers. This allowed KBS Corporate to identify 37 interested parties, with the majority of interest coming from trade, several private equity buyers and multiple overseas buyers. KBS Corporate ultimately identified Standby Group as a potential partner which could develop RSG Engineering Limited further.

Standby Group is the European market leader in the design and manufacture of warning equipment and control systems. The group includes Standby AB, Standby GmbH and Standby Mercura SAS, and operates in Sweden, Germany, France and Finland. Standby Group is owned by Argynnus Group AB, which was formed in 1984 as a Swedish family-owned industry group.

Argynnis Group CEO, Leif Gustavsson commented on the deal: “At Agrynnis we are always looking to increase the global reach of all our businesses and have been searching for a suitable entity in the UK to increase Standby’s European footprint for a while. RSG fits this perfectly, with its strong presence in the UK, it will strengthen the overall operation. This acquisition also strategically positions us inside the Brexit area, and I am pleased to welcome RSG into our family as we move into the next level of growth.”

Robert Jakobsson, CEO of Standby Group commented on the deal: “With this acquisition, Standby Group has completed another step in its long-term strategy to lead the supply of superior products and services to its clients throughout Europe. With a strong customer focus and innovative approach to the market, RSG represents an excellent fit within our group; we look forward to accelerating our success also in the UK market, which we are confident holds strong growth potential in the coming years.”

Robert Blakemore will become Managing Director of Standby’s UK operations and he commented on the deal: “We are delighted to now be part of a larger group with such pedigree and look forward to growing in this innovative organisation with its Swedish ethos and collaborative approach.”

Fabio Rambelli, KBS Corporate Associate Director, commented on the deal: “It has been an absolute pleasure to work with the RSG and Standby team on this transaction. Its clear to me that both companies will greatly benefit from this new partnership and I wish all involved much success in their future endeavours”.

Ashford Orthodontics

Ashford Orthodontics is one of the UK’s leading orthodontics laboratories. This is a reputation that the company has developed over 20 years of operation, with a highly experienced workforce and the latest technology.

Ashford Orthodontics is based in Tyne and Wear and has customers across the UK. These factors lead to the company quickly achieving turnover in excess of one million pounds. The company’s three shareholders, Sean Thompson, Craig Stevens and Graeme Winyard instructed KBS Corporate with the sale of their business in order to facilitate further growth.

The laboratory attracted a wide range of interest with the successful offer coming from Amalgamated Laboratory Solutions who were backed by Ansor LLP. This marks Amalgamated Laboratory Solutions’ second acquisition of a company represented by KBS Corporate with their previous acquisition of Leca Dental Laboratory in 2019. Amalgamated Laboratory Solutions is based in London and is a manufacturer of dental supplies and instruments. The acquisition acts as a continuation of Amalgamated Laboratory Solutions’ growth through acquisition strategy.

Annie Shiel, KBS Corporate Associate Corporate Director, advised Ashford Orthodontics and commented, “It was clear from the beginning that Ashford Orthodontics would nicely compliment the dental group created by Ansor LLP.

The final deal agreed was complex with many layers but KBS were well positioned to be hands on at all stages from negotiation through to the legal documents being agreed.

Pursuing a transaction during these uncertain times did present a number of hurdles to overcome but with the continued focus and dedication from all parties involved, a deal was achieved.

Ashford Orthodontics is a great addition to the newly established dental group and exciting times are ahead for all companies involved.

I am extremely pleased to see this transaction complete and I would like to send my best wishes to the sellers and the new group for the future.”

Complete Detection Systems Limited

Complete Detection Systems Limited, based in Leicestershire, designs, supplies, installs and maintains a wide range of life safety systems and productions. The company was established in 1988 and over the years has developed a wide-reaching customer base including clients both in the UK and overseas. Martin Iliffe and Tony Mikunda instructed KBS Corporate with the sale of their business in order to begin steps towards their retirement plans.

KBS Corporate implemented a diverse research strategy with a primary focus on identifying a UK trade buyer operating within the fire safety sector. Synergy sectors, including electrical safety and testing, security, health and safety, water safety and compliance businesses, were also explored in order to generate and present to our clients a wider choice of potential deal structures.

KBS Corporate generated no less than 30 expressions of interest in CDS from trade buyers due to our existing network of registered acquirers and our contacts within a sector in which we are highly experienced. Complete Detection Systems Limited also attracted interest from Private Equity firms who wished to diversify their portfolios, MBI teams and private investors. KBS Corporate utilised this high level of interest to generate three highly competitive offers. The eventual offer came from an MBI team consisting of two individuals with previous M&A experience and an established specialism within the sector.

Managing director Simon Abley commented, 

“This is an exciting time for the CDS business, and I look forward to working with Simon, Martin, Tony and the team to continue to build the business, both organically and by further acquisitions over the years to come.

“The fire detection and life safety systems market, indeed the compliance services sector generally, is deeply fragmented and we anticipate will provide a strong ‘buy and build’ opportunity for CDS.”

Tom Eatough, Associate Corporate Director at KBS Corporate, advised Complete Detection Systems Limited throughout the process and commented,

 “We had to overcome restructuring the transaction in light of an accounting error. We managed to complete due diligence, keep the transaction on track, and progress to completion in an incredibly challenging climate – Covid 19 and government lock-down.”

The shareholders will retain a minority equity stake within Complete Detection Systems Limited post sale and remain in an advisory role for the next 12-24 months.

Videocall Limited

Videocall Limited, a global leader in video conferencing and telepresence solutions, has completed its sale to New Era Technology UK.

Videocall is a leading service provider and systems integrator of on-premise and cloud-based video collaboration. Videocall are experts in video conferencing, telepresence, unified collaboration, systems integration, AV installation and meeting room solutions. The company was founded in 1997 by Managing Director, Rob Portwood, and is now the only company in the UK who are 100% focussed on video conferencing and unified communications. Today Videocall is one of the world’s leading service providers and systems integrators of on-premise and cloud-based video collaboration services to organisations across the globe.

As part of a research and buyer identification process which attracted interest from multiple trade and investment acquirers from both the UK and Overseas, KBS Corporate ultimately identified New Era Technology as a potential partner which could further establish Videocall on the international stage.

New Era Technology serves more than 7,500 customers via its 30 global offices, with a particularly strong presences outside of the UK in North America and Oceania. As a market leader, working across a diverse set of markets, the group deliver technology solutions that securely connect people, places, and information in a rapidly changing digital world. Their portfolio includes managed services, video conferencing, cloud, collaboration, data networking and security solutions.

The acquisition of Videocall will further build upon New Era Technology’s foothold within the UK and will enable Videocall to offer enhanced global service offerings to their clients.

Rob Portwood will continue in his role as Managing Director, and commented on the deal: “Over many years we have developed a leading manged service collaboration portfolio of services working with world class technology and platform partners delivering valuable outcomes to our customers.

“I am very excited about joining the New Era team and having the opportunity to drive our business forward globally for the benefit of our customers, partners and employees”

Annie Shiel, Associate Corporate Director, advised Videocall throughout the transaction and commented: “It is encouraging to see Videocall Limited join an established international player and we wish all parties the very best of success in the future.”

The Soap Kitchen (2011) Ltd

Established in 2000 as a family run business, The Soap Kitchen (2011) Ltd is now one of the UK’s leading suppliers of soaps and soap ingredients. Based in Devon, the company specialise in the crafts of soap making, toiletry making and candle making, with an established client base through the UK and Europe.

The shareholders of The Soap Kitchen instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans.

Following discussions with the shareholders KBS Corporate implemented a research strategy with a primary focus on trade buyers. Two rounds of buyer reach were completed, as well as exploring other avenues to ensure the right buyer was found.

The ultimate buyer was Supplies For Candles, a Swinton-based candle company, specialising in scented candles and fragrance oils. The acquisition will allow them to gain quick entry into the soap market with an established client base in the UK and EU.

Supplies For Candles intend to fully integrate The Soap Kitchen into existing operations by way of expansion of their product offering.

The deal was overseen by Annie Shiel, Associate Director at KBS Corporate, who stated “The acquisition allowed the sellers to exit the business to pursue retirement whilst offering a deal that satisfied expectations in terms of overall valuation and deal structure. It was clear that the addition of The Soap Kitchen would complement the existing offering for Supplies for Candles and offered a wider customer following as well aa larger geographical footprint as a joint force.

“There were a number of ‘moving parts’ with the transaction which KBS had to take into consideration and attention to detail, deal knowledge and timing were key to ensure a successful outcome.

“Naturally, the events of COVID-19 did throw a few curve balls when trying to push this deal over the line but with the continued efforts from KBS and associated advisers acting on both sides, we were in a position to get the deal back on track and push through to a successful sale. It has been great to work with the sellers on this transaction and I wish them the best for the future.”

McDowall Holdings Limited

Based in the West Midlands, McDowall Holdings is a well-respected business, specialising in the design of energy efficient air conditioning and ventilation systems. Founded as a family business in 1972, the company has a wealth of knowledge and experience in providing cost-effective solutions for their clients.

Having spent many years’ growing the company, the shareholders instructed KBS Corporate with the sale of McDowall as they had decided to explore their options with regards to retirement. The company has performed well in recent years and was well positioned to achieve maximum value. The shareholders were keen to ensure the right buy was found to continue the success and growth, whilst supporting the loyal and hardworking employees of the company.

Following discussions with the shareholders, KBS Corporate implemented a research strategy with trade buyers and Private Equity houses. The successful buyer, Johnson Controls International PLC, a fire, HVAC and safety equipment provider, saw potential in McDowall and look forward to continuing to develop the company.

Tom Eatough, Associate Corporate Director at KBS Corporate, handled all negotiations on behalf of McDowall, and stated “McDowall have a fantastic reputation in the sector and whilst having a national client base, they also have a strong regional foothold in the Midlands. KBS went above and beyond to ensure several parts of the process were accelerated to ensure the transaction was completed tax efficiently. There were other technical challenges which needed specialist advice and KBS coordinated and worked closely with specialist teams to navigate through these challenges. We also had to carefully manage the advanced stages of the process in light of the COVID-19 pandemic and successfully managed to close the transaction through some very uncertain circumstances”.

This deal represents the second transaction that KBS Corporate have facilitated to Johnson Controls, following their acquisition of East Lancashire Refrigeration in 2019.

Fire-Us Limited

Fire-Us Ltd is a Lancaster based company, specialising in the manufacture and supply of fire protection equipment. Established in 2001, the company has grown and expanded its services to include training, site inspections, reports, and design solutions.

With the key directors of Fire-Us having over 50 years industry experience, the company has built a strong foundation, working with contractors across the UK.

The shareholders instructed KBS Corporate with the sale of their business, and a research strategy was put in place to ensure the right buyer was found.

The ultimate buyer was Kingspan PLC, a global leader in insulation and building envelope solutions. Founded in Ireland in 1965, Kingspan now has 18 businesses working within the UK, and operate in 70 countries worldwide.

Kingspan Insulation’s UK and Ireland Managing Director, Ralph Mannion, said: “Kingspan has always advocated a systems-based approach to the development, design and use of its products in both building envelope and building services applications. By bringing the Fire-Us offering under Kingspan’s banner we will be broadening our Technical Insulation offering by building on the range of tested solutions and technical support the industry can draw on.”

Fire-Us will be integrated into the Kingspan Group, and will be rebranded as Kingspan technical Insulation Limited.

Fire-Us Ltd was advised by Guy Haynes, KBS Corporate Director.

Intilery.com Ltd

KBS Corporate Finance has advised Intilery.com Limited throughout its recent funding round led by Maven Capital Partners.

Intilery is a customer data platform and real-time decision engine that powers multi-channel campaigns. Its real-time, omnichannel CRM platform offers its clients a 360-view of its marketing activities, as well as enabling them to visualise and create real-time AI-powered customer journeys. Key clients include Sykes Cottages, IGO4 Insurance, and The Fragrance Shop.

Intilery was established in 2012 by our clients, CEO Gareth James and CTO Tom McMillan, and the funding will enable Intilery to expand the sales and marketing team and develop its commercial offering.

Prior to co-founding Intilery with Tom, Gareth was the international IT director and a member of the senior management team at MoneySupermarket and latterly the CIO at Manchester-based The Hut Group.

The Maven VCTs and NPIF-Maven Equity Finance, which forms part of the Northern Powerhouse Investment Fund and is managed by Maven, both invested as part of the transaction.

Dean Cox, investment manager at Maven, said: “There is an ever increasing global demand for businesses, SMEs and large corporates, to collect and analyse real time data in order to better understand their customers behaviour, and Intilery’s product meets this need by providing clients with access to information such as day-to-day engagement and digital marketing campaigns.”

Gareth James said: “We are delighted to have Maven on board as we grow Intilery into an international brand.

“Over the past eight years we have organically grown, supplying many of Europe’s leading consumer brands with the access to key metrics that they need.

“This is now the right time to take the sales and marketing activity to the next level, on the back of the UKs leading customer engagement platform.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Dave Gardner, Corporate Finance Director, advised our client throughout the process.

W M H Transmissions Limited

WMH Transmissions Limited and Apex Transmissions Limited, the Midlands-based specialist providers of linear, transmission and gearbox products, has been acquired by €3.9 billion turnover French giant, Descours & Cabaud.

Founded in 1987, WMH Transmissions specialise in the provision of products from leading manufacturers for commercial and industrial clients throughout the UK and Europe. In 2014, a supporting company in the form of Apex Transmissions was founded in order to become a stockist of Bosch Rexroth for the UK market. To date, Apex Transmissions holds the largest volume of Rexroth linear product stock in the UK.

With shareholders based in the UK, Italy and Germany, KBS Corporate brought both companies to market in order to facilitate the complete exit of several shareholders, whilst allowing others to take the first steps towards retirement following a consultancy period post-sale.

Owing to the companies’ existing European presence, KBS Corporate approached buyers from across the globe, focussing on industrial component distribution and companies serving the maintenance, repair, and operations (MRO) manufacturing/industrial market. The opportunity was also pitched to several Private Equity houses and Family Offices.

Four offers were secured, with the final deal value representing a 20% increase on the first offer received. Interest was obtained from UK and European acquirers, with the successful bid being made by Descours & Cabaud, a Lyon-headquartered distributor of professional supplies to the industrial and constructions sectors throughout Europe and North America. Descours & Cabaud employs 14,000 staff members and generated revenues of €3.9 billion in 2019.

The deal for WMH Transmissions and Apex Transmissions forms part of Descourd & Cabaud’s current strategy to growth through acquisition within the MRO market, and both companies will act as a bolt-on for Hayley Group in the UK, which was also purchased three years ago. Hayley Group currently operates 40 branches throughout the UK, and following the acquisition, will stock products through this network and help to grow the firm’s newly formed robotics division.

Tom Eatough, Associate Corporate Director at KBS Corporate, handled all negotiations on behalf of WMH and Apex. Louise Beamen, shareholder of WMH Transmissions, was duly delighted with Tom’s role throughout the process, commenting: “I just wanted to say thank you for all of your support and help during this transaction. I know at times it must have been testing for you, but you were always very calm and professional in handling all our concerns or problems. A true professional and credit to KBS”.

TLT LLP provided legal advisory to the seller.

Cook Brown Building Control

Cook Brown Building Control is a respected corporate approved inspector, who provides building inspection services. Since the company’s founding in 2013, Cook Brown Building Control has seen rapid growth with four offices based across the UK.

Having spent a number of years developing Cook Brown Building Control the current shareholders expressed the wish to realise the value of some their business to allow for growth. Both shareholders also stated the importance of remaining within the business post sale. From KBS Corporate’s initial meeting with Cook Brown Building Control, it was clear that the right buyer would appreciate the fresh and dynamic nature and potential of the business. 

This knowledge helped to develop KBS Corporate’s research strategy, which enabled a focus on synergistic trade buyers and private equity buyers.

A number of interested parties were identified with the majority of interest coming from UK trade buyers. KBS Corporate was then able to use this interest to present two competing offers. The successful offer came from Hickton Consultants Ltd, trading as Hickton Group, who were backed by Chelverton Asset Management. KBS Corporate negotiated a final offer that exceeded the expectations of Cook Brown Building Control. In addition to this, the shareholders will receive a 25% shareholding of the new group.

Cook Brown Building Control was advised by KBS Corporate Associate Director, Joe Norris, who commented on the deal, “I’m very pleased with the deal that was achieved for our clients, they will benefit from reduced risk, taking some cash out of the business and the ability to work more regular hours. Hickton Group will benefit from Cook Brown’s large and growing client base, the expertise of their staff and by expanding their geographical reach to the South West of England.”

The shareholders will remain with the business post sale, taking on roles within the new group.

McIntyre Electrical Limited

Founded in 1989, McIntyre Electrical Limited provide electrical, safety and security services for buildings. Over the years, the company has seen monumental levels of growth supported by long standing client relationships, some of which have been in place for over 20 years. McIntyre Electrical Limited’s success is evident in the company generating a 160% increase in turnover and a 348% increase in EBITDA since 2014.

After spending over 30 years developing the  business, the founding shareholder of McIntyre Electrical Limited expressed an interest in taking steps towards retirement and realising value from the company he had built.. As three other shareholders wished to remain in the business post-sale, it was important to source a buyer who would support this transition.

From KBS Corporate’s initial meeting with McIntyre Electrical Limited, it became apparent that highlighting the company’s recent growth was instrumental in finding a buyer.  At the same time, it was important to find a buyer who was keen to support the existing shareholders in this period of operational change.

 When conducting the research process, KBS Corporate made this a top priority and sourced multiple buyers.  A Management Buy In team was found who could offer the right deal and provide the right support post-sale as well. Overall the opportunity proved popular with McIntyre Electrical Limited attracting 30 interested parties and three offers.

The successful offer came from the initial Management Buy In team backed by Foresight Group LLP. They were chosen as they had backgrounds in running and growing a significantly sized facilities management group and they now wanted a new venture. Foresight were interested due to the growth prospects of the company and ultimately, they will aim to exit in the future to get a return on their investment.

Martin Gammon, Chairman of McIntyre Electrical Limited commented on the deal, “Joe, John, Sarah and Chris have done a tremendous job building McIntyre Electrical to the scale it is today. I’m excited to join as Chair and help continue to build on the Company’s successes.”

McIntyre Electrical Limited was advised by Tom Eatough, Associate Corporate Director at KBS Corporate Finance.

Leca Dental Laboratory

Based in Scotland Leca Dental Laboratory Limited is a full-service laboratory producing implants, prosthetic dentures, crown and bridge, chrome cobalt and orthodontic products.

The company was established in 2002 and has developed an excellent reputation with over 600 active clients, some of whom have been with the business for over 10 years. Leca Dental Laboratory Limited also holds a strong place in the sector twice winning Dental Laboratory of the Year, 2013 and 2015 and shortlisted for Marketing Campaign of the Year in 2016.

The shareholders of Leca Dental Laboratory Limited instructed KBS Corporate with the sale of their business in order to generate investment and to allow for further growth through the impetus of a new owner while remaining active in the business post sale.

KBS Corporate implemented an exhaustive research strategy with a focus on both trade and private equity buyers. This resulted in 46 interested parties being identified, and from this came 9 meetings and 4 offers. Due to the high levels of interest KBS Corporate was able to negotiate a definite uplift in bids from the initial offers.

The successful offer came from Amalgamated Laboratory Solutions Limited, a manufacturer of dental instruments and supplies based in London, which was set up and backed by Ansor LLP. Amalgamated Laboratory Solutions Limited is currently in a growth through acquisition phase, in order to cement their position in the dental market.

Leca Dental Laboratory Limited was advised by Fabio Rambelli, KBS Corporate Associate Director, who commented, “It’s been an absolute pleasure working with both parties. I’m confident that the buyers, sellers and Leca team will have a very prosperous future working together. I wish all parties the best of luck.”

SAR Recycling Ltd

SAR Recycling Ltd, one of the UK’s largest lead acid batteries recycling companies, has been acquired in a multi-million deal by Enva Group, a leading provider of recycling and specialist resource recovery solutions in the UK and Ireland.

Based out of Immingham, the Business was founded in 2008 and was one of the first companies in the UK to obtain official government approval to export lead. Fast forward a decade, and SAR Recycling is now a long-established provider of battery collection and recycling services to a wide customer base across the UK and Ireland. As one of the main UK lead acid battery recyclers, SAR recover valuable component materials which are then sold to global smelters and into the plastics recycling industry.

Commenting on the acquisition, Simon Dick, Managing Director at Enva said, “SAR’s capability is a logical extension for our specialist waste recovery business, particularly in the automotive and workshop sector. We are delighted with the acquisition and are looking forward to working closely with the SAR team to grow and develop the business especially as emerging battery chemistries become more prevalent.”

Arvydas Pocevicius, General Manager of SAR Recycling, also commented, “I and the rest of the SAR team are excited to join Enva. We are looking forward to continuing to provide a high-quality, consistent service and to supporting the Enva ethos of further developing our recovery processes and end markets.”

Company sales specialist, KBS Corporate Finance, advised the shareholders of SAR Recycling on the sale to Enva Group. Julian Coy (Managing Director) and Mughees Saleem (Corporate Finance Manager) advised on the transaction. Mughees commented: “SAR Recycling is a long-established, successful battery recycling business that has seen significant year on year growth since its inception. Having grown the business to a national player in the lead acid battery recycling sector in just over a decade, the shareholders were looking to realise the value of their shareholding. After preparing the business for sale and identifying potential trade and private equity buyers, the deal with Enva was the most appropriate vehicle to meet shareholder requirements as it allowed the shareholders to exit the business whilst maximising overall value.”

Justas Valentinas, one of the shareholders of SAR Recycling, commented: “Mughees and Julian did a great job guiding us through the sale process. They were available 24/7 and represented our position very well. We were very happy with their input and the overall deal that they managed to deliver to the shareholders”.

Pet Mate Ltd

Pet Mate Ltd, the UK-based designer, manufacturer and distributor of innovative pet products for cats, dogs and fish has customers throughout Europe and the United States, has been acquired in a multi-million deal by private investment office, Ethos Partners LLP.

Pet Mate operates within the UK from its head office in Hersham, Surrey, and in the US from its offices near Houston, Texas. Under the brands of Cat mate, Dog mate, Fish mate and trading as Ani Mate in the US, the company has established a reputation for designing and marketing unique and innovative ranges of patented pet products for over 30 years. The global pet care market size was estimated at $131.7 billion in 2016 and is expected to grow with CAGR of 4.9% from 2016 to 2025, reaching $202.6 billion by 2025. Online retail within the sector is growing even faster, US Online sales are expected to grow at a 17% CAGR from 2016 to 2022.

KBS Corporate Finance advised Pet mate on the sale, introducing executive recruiters to bring on board a new Managing Director in preparation of the exit of Pet Mate’s founders, garnering interest from trade buyers and Private Equity firms across Europe and the USA.

Given current market dynamics, interest was extremely strong and the investment from London-based Ethos Partners will allow the business to continue its strategic growth, providing a platform for the new Managing Director to rapidly expand operations.

The founders of Pet Mate will now step down from day-to-day operations, whilst maintaining a significant share within the business as part of the sale.

Julian Coy and Mughees Saleem, of KBS Corporate Finance, advised Pet Mate on the sale. Julian commented: “Pet Mate is a wonderful, global business operating in a great consumer sector. What was important was preparing the business so that the founders could retire away post transaction, retain a carried interest and maximise the overall value; it became apparent that Private Equity was the most appropriate vehicle to meet those requirements.”

PT Engineers and Precision Somers Limited

Based in Warwickshire PT Engineers is a precision engineering company that specialises in CNC machining. The company was established in 1965 and has maintained some client relationships for over 25 years. Over the years the business has strived for excellence which has seen them earning ISO 9001: 2015 status. Precision Somers Limited is the holding company of PT Engineers.

The shareholders of PT Engineers and Precision Somers Limited instructed KBS Corporate with the sale of both companies, in order to facilitate their retirement plans.

KBS Corporate attracted 95 interested parties and 8 offers were received. The opportunity attracted a wide range of interest from trade and private investment.

The successful buyer, TGM Partners Ltd, a firm specialising in the acquisition, transition and growth of owner-managed businesses, particularly in the engineering and manufacturing sectors.  This transaction constitutes TGM’s sixth acquisition in the last 2.5 years.

The deal was overseen by Matthew Sibley, Corporate Deal Executive at KBS Corporate.

Trelawny Landscaping Limited

Trelawney Landscaping Limited is based in Cornwall and provides hard and soft landscaping and turf services. The business was established in 1995 and became incorporated in 2003. Over the years Trelawny Landscaping Limited has developed an excellent reputation and gained NHBC Pride in the Job Award in 2019 and SMAS Worksafe certification.

The shareholders of Trelawny Landscaping Limited instructed KBS Corporate with the sale of the business in order to facilitate their retirement plans.

Following discussions with the shareholders KBS Corporate implemented a research strategy with a primary focus on trade buyers.

The successful offer came from Agave Landscape Limited, a trade buyer who intends to grow through acquisitions.

Trelawney Landscaping Limited was advised by Fabio Rambelli, Associate Director at KBS Corporate.

ARC Building Solutions

ARC Building Solutions is a market leader in the manufacture and supply of cavity fire barriers to the construction and house building markets.

The company is based in Leeds and was founded in 2008. Over the years the business has developed an excellent reputation due to their high standards and award-winning products. ARC Building Solutions has generated an enviable blue-chip client list, with the company earning preferred supplier status with multiple national housebuilders.

ARC Building Solutions approached KBS Corporate in order to source investment which would facilitate further growth of the business.

The opportunity attracted a wide range of interest from trade, private investors and private equity firms, with over 20 interested parties coming forward in total.

The ultimate offer came from Newable Capital and will provide ARC Building Solutions with the investment in order to achieve growth. This has already enabled ARC Building Solutions to relocate to a larger factory which will better enable improvements to the productions process to meet growing demand.

Peter Barrand, who has recently been appointed as managing director of Newable Capital, said: “Newable Capital has been established to support excellent UK companies working at the heart of the economy. The team has screened over 300 investment opportunities this year and ARC is the first of a number of strategic investments we plan to make in the coming months. We are delighted to be supporting Andrew, Russell and the team through the next phase of growth.”

Andrew Danzey, founding shareholder at ARC, added: “ARC has been looking for a new investor for a period of time who can help provide the finance and support to help us drive the business forward as we move to the new factory, develop new products and expand across the UK. We are delighted to be working with Newable Capital to help realise the potential of the business.”

Tom Eatough, Associate Corporate Director at KBS Corporate, advised our client throughout the process.

Reliance Networks

Reliance Networks, established in 2003, is a specialist provider of the design, installation and support of communication solutions. The Macclesfield based company has developed an excellent reputation which has resulted in high levels of repeat customers.

Reliance Networks instructed KBS Corporate with the sale of their business in order to facilitate the retirement plans of one of the shareholders.

KBS Corporate implemented a diverse research strategy which resulted in over 40 interested parties coming forward. Significant interest came from trade with the successful offer coming from telecommunications company Radius Payment Solutions.

Radius Payment Solutions has recently been ranked 19^th in the 2019 Sunday Times HSBC Top Track 100 list, with a turnover of £2.5 billion in 2019. The acquisition acts as the company’s seventh in as many weeks and is part of their diversification plans.

Bill Holmes, Chief Executive of Radius, added: “Reliance Networks is a great addition to Radius, and this acquisition highlights our intention to quickly develop our telecoms offer. Our diversification strategy across the group means we can provide a compelling range of products across telecoms, telematics, insurance and fuel cards. We welcome Reliance Networks to Radius, and we look forward to working with the team.”

Sean Gooding, Managing Director of Reliance Networks, said: “We are extremely proud of the success we and the team have achieved over the last 15 years.  Trusted service delivery is our core strength – this attribute has enabled us to form strong and lasting relationships with our clients whilst providing them with best in class solutions.  Joining forces with Radius will enable us to build on this solid foundation whilst considerably enhancing our product and services offering, both to our existing and new clients. We are all very much looking forward to the next chapter.”

KBS Corporate’s Associate Corporate Director, Tom Eatough, advised Reliance Networks throughout the process.

JHT Fabrications Limited

JHT Fabrications Limited specialise in the design, development and manufacture of products for the environmental, water and construction sectors. The company is based in the North East, and boasts a strong portfolio of national blue-chip clients, many of whom have been with the business over 10 years. JHT Fabrications Limited has been trading for over 15 years, and holds a number of industry accreditations.

The shareholders instructed KBS Corporate in order to facilitate further growth via the impetus of a new owner.

Following this KBS Corporate implemented a diverse research strategy which generated several interested parties and three competing offers. JHT Fabrications Limited attracted a variety of interest including trade, investment, private and overseas buyers. This allowed KBS Corporate to negotiate an uplift from the initial bids.

The ultimate buyer was IPO Capital a Danish investment firm. The deal structure includes a partial acquisition of JHT Fabrications Limited, with the current shareholder retaining shares in the company post sale. The acquisition will allow IPO Capital to establish an engineering group in the UK, which will be strengthened by further bolt on acquisition is the future.

The deal was overseen by Fabio Rambelli, Associate Director at KBS Corporate, who commented,

“It has been an absolute delight working with Lee and Joanne at JHT and I am confident that IPO Capital will be able to take the business to new and prosperous levels over the coming years.”

Acrypol Limited

Acrypol Limited is a specialist provider of waterproof roofing solutions and provides roof installation based in Cheshire within eight months of initial instruction.

The company was established in 1986 and has developed a strong reputation for a wide product range including Acrypol +, Acrypol Ultra, Acrypol Quartzdek, Acrypol Metal-Kote and Tech Seal PU. Acrypol Limited also benefits from several accreditations including CHAS, NFRC and Constructline. This has allowed the company to operate nationally whilst maintaining several client relationships for over 20 years. The company has also generated loyalty within the business with a number of staff members remaining with Acrypol for a number of years.

The shareholder instructed KBS Corporate with the sale of their business in order to realise their retirement plans.

KBS Corporate implemented a comprehensive research strategy with a primary focus on trade. Acrypol Limited became a popular acquisition prospect; the company received their first offer before the marketing materials had been completed.

The successful offer came from Cromar Building Products Limited. The company is based in North Yorkshire and offers a range of flat and pitched roofing products and boasts one of the most impressive manufacturing facilities in Europe within the sector. Cromar Building Products Limited has an excellent reputation which is bolstered by Associate Membership of the NFRC. The acquisition of Acrypol Limited acts as a synergy purchase for Cromar Building Products Limited who are looking to expand increase their product offerings.

Mike Marshall, managing director of Whitley Bridge-based Cromar, said,

 “Acrypol is such a renowned name within our industry, it will make an excellent addition to the existing Cromar family of products. We are really looking forward to developing the Acrypol brand name further and consulting with the Acrypol specialists to develop even more great roofing products for the trade.”

Wayne Morgan, sales director at Acrypol, added,

 “Acrypol has over 30 years of recognised excellence and we cannot think of a better company to take this brand onto the next level. With the combined knowledge and customer base of the two businesses the future is definitely looking bright.”

The deal was overseen by KBS Corporate’s Corporate Director Andrew Dodd.

AMC Print Solutions Ltd

AMC Print Solutions Limited, trading as AMC Print Solutions, is based in Northamptonshire and provides high-grade print management services for a national client base.

The company has experienced sizeable growth since founding in 2013, which has enabled AMC Print Solutions to develop a diverse client base including clients in the retail, charity, education sectors. The majority of whom have been with AMC Print Solutions for over five years. The company has developed a reputation for excellence due to investment in the latest technology from respected brands including, Epson, Ricoh, OKI and Samsung. AMC Print Solutions differentiates themselves from their competition by focusing on ethical printing solutions.

The shareholders instructed KBS Corporate with the sale of their business in order to allow them to pursue other business ventures.

Following the implementation of a stringent research strategy the opportunity attracted 33 interested parties, with majority of interest being sourced from trade. The successful offer came from Total Managed Document Solutions and will allow them to increase their position within the printing sector.

AMC Print Solutions was advised by Annie Shiel, KBS Corporate Associate Director.

Contractors Equipment Hire Limited

Contractors Equipment Hire is a well-established hire business which provide an eclectic range of tool and plant hire services, catering for both commercial and domestic clients across the South East of England.

The company was established in 1990 and has grown considerably over the years. This has been aided by Contractors Equipment Hire’s reputation for delivering a quality and reliable service. The company is also well known for a wide range of services including hire of site equipment, concrete and compaction rollers and plates, breakers, driller and fixing and access equipment. Contractors Equipment Hire benefits from high levels of word of mouth referrals, in addition to high rates of repeat customers; with some clients staying with the business for over 20 years.

The shareholders contacted KBS Corporate in order to allow them to pursue other interests with a long-term goal of retirement.

After the implementation of a diverse research plan, KBS Corporate identified a number of interested parties. The majority of interest was generated by trade buyers and private investors. The ultimate offer came from Farnborough Tool Hire as a synergistic purchase.

Our client was advised by Annie Shiel, Associate Director, at KBS Corporate.

Solutions 4 Cleaning Limited

Solutions 4 Cleaning Limited is an award-winning contract cleaning company which operates across Yorkshire.

The company was incorporated in 2000 as part of a franchise and became so successful that the shares were sold back to the franchiser in 2002. Solutions 4 Cleaning Limited continued to excel allowing for their first acquisition in 2007. The company boasts an enviable client list with contacts in the public sector, SMEs, entertainment and events as well as blue-chip clients. The company retains 95% of its clients on 12 month rolling contract and has a healthy selection of ad hoc clients.

The shareholders instructed KBS Corporate with the sale of their business in order to pursue other unrelated business interests.

Solutions 4 Cleaning Limited attracted a lot of interest from trade buyers with the successful offer coming from H.E. Barnes Ltd, who primarily operate as an electrical and mechanical contractor. Over the years H.E. Barnes have diversified in order to offer a holistic approach to their services including commercial cleaning.

The deal was overseen by Nathan Leah, Corporate Deal Executive at KBS Corporate.

Big Bolt Limited

Big Bolt Limited is a well-established, since 1973, provider of fixings and fastenings based in Sussex. The company offers a vast range of products in a variety of materials including stainless steel, zinc plating, high tensile steel, nylon and brass. Since 1992 Big Bolt Limited has held ISO 9001 certification, which ensure which has been crucial to generating new business and ascertaining the company’s standing within the sector. The company has developed an excellent reputation and benefits from a global loyal customer base with some clients have remaining with Big Bolt Limited for over 25 years.

The shareholders instructed KBS Corporate with the sale of their business in order to realise the retirement plans of the Managing Director.

KBS Corporate’s diverse research strategy produced over 26 interested parties, with the majority coming from trade and private investors from the UK and overseas. The ultimate offer came from Opus LED, trading as Opus Lightbulb Technology, who are a wholesaler of high-quality light bulbs across Europe.

The deal was overseen by Sonia Cottrell, Corporate Deal Executive.

Peter Campbell (Sales) Ltd

Rubix UK, backed by private equity firm Advent International, has completed the acquisition of Peter Campbell Sales Ltd (PCS). PCS is a leading specialist supplier of metal cutting tools and offers bespoke manufactured solutions across Oil & Gas, Aerospace & Defence, Automotive and Precision Machining industries.

Operating from two sites between Airdrie, Scotland, and North East England, PCS also manages around 70 industrial vending machines for its customers, with sales of £8m in the last twelve months, following continued strong growth.

Rubix operates on an international basis with over 650 locations in over 22 countries, with a turnover of €2.3 billion in 2018, Rubix is Europe’s largest supplier of industrial maintenance, repair and overhaul (MRO) products and services. This has led to the company being ranked 27^th on the 2019 Sunday Times HSBC Top Track 100, which ranks Britain’s top private companies with the biggest sales.

The acquisition provides Rubix UK with the opportunity to consolidate Rubix’s leadership in the UK specialist cutting tools market, a key growth area for the UK business, following the acquisition of Matrix Tooling Services in 2018.

PCS also brings a new speciality to Rubix – special tools manufacturing and tool regrinding services. In addition, the acquisition will further strengthen Rubix’s expertise and experience in the UK Oil & Gas and Aerospace sectors.

PCS will continue to operate independently to Brammer Buck & Hickman and alongside Matrix Tooling Services. Andy Jeffrey will continue in his role as Managing Director of PCS and will report to Nigel Banks, Rubix UK MD Services Division.

Mark Dixon, CEO Rubix UK said,

 “This acquisition supports our ambition to be recognised as a preferred supplier with the technical expertise and network in place to provide a multi-specialist range of products, services and solutions. It is further evidence of our status as the consolidator of choice for the industrial distribution market in Europe.”

“I am pleased to welcome the PCS team, customers and suppliers into the Rubix family and further reinforce our position as a leader in the UK cutting tools market, by not only expanding our product offering to customers, but also providing strength in depth in both our technical expertise and services.”

Tom Eatough, Associate Corporate Director at KBS Corporate advised our client throughout the process and commented,

“Given Rubix Group’s acquisition of Matrix Cutting Tools last year, Peter Campbell (Sales) Limited was a great opportunity for Rubix to further build on their presence in the cutting tool sector.  It was a fantastic result for our clients and Rubix Group and I wish them all the best for the future.”

Cablescan

Cablescan is a manufacturer and developer of high-performance cable assemblies and control panels, with clients in the aerospace, defence and commercial sectors. The company has been established for over 24 years and has an impressive client list with a number of UK and global blue-chip clients. In addition to this the company hold ISO 9001 and AS 9100 accreditation and have created a reliable supply chain allowing Cablescan to offer a range of complementary services without becoming reliant on any one supplier. This has enabled Cablescan to generate a multi-million-pound turnover last financial year.

Following the application of a comprehensive research strategy KBS Corporate a selection of predominately trade based interested parties came forward.  

The successful offer came fromAmphenol, a $7bn US Corporation listed on the New York Stock Exchange.  Amphenol is a global interconnect specialist, who have clients in aerospace and the military markets, as well as providing for the industrial market.

Corporate Finance Director, Jay Singh, advised our client throughout the process.

Electronic Security Plus Limited

Electronic Security Plus Limited, based in Hampton Hill, provides bespoke electronic security solutions across the UK and Ireland. The company is SafeContractor approved and an authorised partner of Axis communications, ACT, Vanderbilt and Vista CCTV.

Established in 2003 the company saw rapid success through obtaining an ongoing contract with Homebase. Since then Electronic Security Plus Limited has continued to gain blue-chip clients within the commercial and industrial sectors. Due to the company’s high levels of customer care and deliverance of excellence service, 95% of Electronic Security Plus Limited’s client base consists of repeat clients.

The shareholders contacted KBS Corporate in order to facilitate the sale of their business due to their retirement wishes.

KBS Corporate applied a diverse research strategy process which identified 37 interested parties resulting in six buyer meetings and three offers. The accepted offer was placed by Permanex Site Security, who are a well-established construction security specialist. The acquisition of Electronic Security Plus Limited acts as a synergy purchase for Permanex Site Security who are looking to increase their geographic footprint.

The deal was overseen by Matthew Sibley, Corporate Deal Executive at KBS Corporate.

Medbank Healthcare Solutions Limited

Medbank Healthcare Solutions Limited, trading as Medbank Healthcare, are healthcare recruitment specialists who provide temporary and permanent recruitment solutions across the West Midlands. The company works with clients in the both the NHS and private sector organisations.  Over 16 years Medbank Healthcare has established itself within the industry and is highly regarded for retaining Platinum status during its NHS THE annual audit scoring 99.52% in 2014 and 100% in 2016.

The shareholders instructed KBS Corporate with the sale of their business in order to facilitate lifestyle changes.

Medbank Healthcare attracted a range of interest from private buyers and Private Equity houses though most interest came from trade, overall the company attracted two offers. The final buyer being Chester Healthcare Limited a subsidiary to Revolution Investment Holdings Limited, tabled a competing and attractive initial bid. The acquisition will act as a continuation of Chester Healthcare Limited current expansion plans.

The deal was overseen by Annie Shiel, KBS Corporate Associate Director, who commented,

“KBS quickly built a rapport with both the seller and buyer through this process. We handled all negotiations and the overall process from start to finish which allowed the seller and buyer to concentrate on only the commercial post-sale matters.”

Quality Villas Limited

Quality Villas Limited, trading as Quality Villas, is a specialist travel business with over 35 years of experience. The company boasts an impressive portfolio of over 400 luxury holiday villa rental properties across Europe and North Africa. Quality Villas provide a bespoke exclusive holiday experience including airport transfers and catering services. The company has an extensive international client base and a database of 22,000 prospective clients.

The shareholders’ instructed KBS Corporate in order to ease their retirement plans and allow for more time to be spent with their family. KBS Corporate then implemented a comprehensive research plan which resulted in a noteworthy amount of trade interest.

The successful offer came from Palmer & Parker LLP, trading as Palmer & parker, a small villa holiday specialist within excess of 40 years’ experience. The acquisition acts as a synergy purchase in order to widen the company’s reach within Europe.

Jacob Lord, KBS Corporate Deal Executive, advised our clients throughout the deal.

Bartlett Davis Communications Limited

Bartlett Davis Communications Limited was established in 2003 and began trading as Bartlett Davis Communications. The company provides a wide range of marketing services for the pharmaceutical sector, specialising in media buying and placement both on and offline.

Bartlett Davis Communications has nurtured an excellent reputation and a prestigious blue-chip client base including Pfizer, AstraZeneca, BMS, Boehringer Ingelheim and Astellas, Bausch and Lomb. This client list has contributed to the company currently representing 20% of all money spent on pharmaceutical brand advertising, securing Bartlett Davis Communications as the UK market leader. The company benefits from a global reach due to ‘Approved Supplier’ status to nine of the world’s top 20 pharmaceutical companies.

The shareholders engaged KBS Corporate’s services in order to ease their retirement plans.

Following the implementation of a highly successful research strategy, 31 interested parties came forward which produced three buyer meetings and two competing offers. The success offer came from OneHealth Communications Group, previously trading as Home Marketing Limited. The buyer was obtained through KBS Corporate Crossmatch system. This marks OneHealth Communications Group second acquisition with KBS Corporate in the past 18 months.

Bartlett Davis Communications commented on the deal,

“We are delighted to announce that as of 29th August 2019, Bartlett Davis Communications have become part of the ONEHealth Communications family. This will give us access to the DATA4NHS email base – 400,000 verified NHS emails to give our clients highly targeted access to lucrative healthcare professionals. This is an exciting innovation that will only enhance our media buying service and evolve our media buying offering across the healthcare industry.”

Corporate Deal Executive, Matthew Sibley, advised our client throughout the process.

MBM Consulting Ltd

MBM Consulting Ltd provide commercial consultancy services to international construction and civil engineering clients. The company was established in 1999 and has developed an exceptional reputation boasting impressive client retention rates, currently standing at 90%. MBM Consulting Ltd is regulated by the Royal Institution of Chartered Surveyors and has worked with several recognised clients including Muscat International Airport, London Stadium and Royal Albert Hall.

Following a diverse research plan resulting in several interested parties coming forward. The eventual buyer SiVEST is a South Africa based company established in 1952, that offers a wide range of business consultancy services to engineering, surveying and consulting clients. The company has an excellent reputation which is supported by a plethora of awards including the Ackermans Excellence Award for Civil Engineering 2018, Steel Awards: SAFINTRA Factory & Warehouse Category Winner 2018 and PMR Africa Golden Arrow Award on Consulting Engineering Firms 2018.

 The Deal was overseen by Harry McDonnell, Corporate Deal Executive.

E-Dataware Limited t/a e-clinic

ClearCourse Partnership, backed by New York-based Private Equity fund Aquiline Capital, has acquired E-Dataware Limited for an undisclosed fee.

Based in West Yorkshire, E-Dataware Limited, trading as e-clinic, provides patient and clinic management software for the healthcare sector.

The business was founded in 2002, and specialises in software which simplifies operations via workflow management and workload automation within the medical clinic sector. This has led to e-clinic gaining multiple blue chip and global clients. The business proved particularly attractive to acquirers due to the focus on innovation, which has made e-clinic a forerunner within either field; seen by the introduction of automated text messages, multi-layered diaries and integrated card payments.

The shareholders instructed KBS Corporate with the sale of the company in order to expediate their retirement plans. A diverse marketing strategy was instigated which resulted in several offers being presented.

ClearCourse Partnership LLP was the eventual buyer backed by Aquiline Capital Partners, who are currently on an aggressive buy-and-build strategy. As a result, e-clinic marks ClearCourse’s 13^th acquisition since October 2018. ClearCourse motivation for the acquisition is to further their product offerings and to diversify.

Gerry Gualtieri, CEO of ClearCourse, commented,

“e-clinic is a dynamic new addition to ClearCourse Partnership. The company has developed a strong reputation in the healthcare sector for delivering first-class management solutions to an impressive list of clients around the world. We see great opportunity for commercial synergies between e-clinic and the wider Partnership, particularly around the provision of payments and membership management tools. We’re excited to work closely with the team to realise those synergies and support the Company’s continued growth and development.”

Mark Lainchbury, Managing Director of e-clinic added,

“We’re very proud to have build e-clinic into the highly successful, market-leading business that it is today. By joining the ClearCourse Partneship, we have access to a valuable range of resources and operational expertise that will allow us to continues to grow, develop and realise our ambitious plans for the future. We remain dedicated to creating the best possible product for our clients so that we can continue to improve patient care around the world.” Advice was given for the seller by Guy Haynes and Matthew Sibley from KBS Corporate, and from Gateley PLC (Khurshid Valli and Poppy Ball) on the legal side.  Legal advice for the buyers was provided by Squire Patton Boggs.

Loxton Installations

Loxton Installations is an established industrial electrical contractor based in Kent.

The company was established as Landrake in 1976 following a merger with Loxton Engineering. In 1977, the company rebranded as Loxton Installations. The company operates across a range of sectors from printing to food production; providing power, control and data cable installation; proactive maintenance; lighting design and installation services.

Due to the wide variety of services available and the quality of Loxton Installations’ work, the company has established long-lasting client relationships, several of which span over 40 years.

Loxton Installations has received many accolades over the years including the Institute of Civil Engineerings’ Engineering Excellence award in 2014. The company has also earned multiple safety accreditations such as Safe Contractor and membership of the British Safety Council.

The shareholder of Loxton Installations instructed KBS Corporate with the sale of their business in order to phase into their retirement plans. This would allow for a gradual reduction of involvement in the business, whilst further allowing growth under new ownership.

Succeeding KBS Corporate’s effective research strategy, 34 interested parties came forward with three significant offers being presented. The majority of interest was generated from trade however, there was also noteworthy attention from private investors.

The ultimate offer was made by a private investor who intends to build a group of companies providing services related to the construction sector.

WA & A Maintenance

WA & A Maintenance provide installation and maintenance of electrical and mechanical services for commercial and residential properties to London and the immediate surrounding areas.

The company was formed in 1991 as Wilkinson Aldcroft and Associates, later becoming WA & A Maintenance in 2002. The longevity of the company has resulted in the generation of over 900 clients, the vast majority of who are repeat customers, and have been with the WA & A Maintenance for over 10 years.

KBS Corporate was tasked with the sale of WA & A Maintenance in order to allow the current Managing Director to pursue other business interests.

A wide-ranging research strategy was implemented with a primary focus on larger trade buyers within the HVAC sector. This proved highly effective and led to 26 interested parties. The bulk of interest came from trade however WA & A Maintenance also attracted attention from investment groups and private buyers. There was also a notable uplift in final offers, which, in part, was attributed to rising business performance.

The successful offer came from trade buyer Scubair Limited. The company specialises in air conditioning, ventilation & electrical services for commerical and residential properties. WA & A Maintenance is Scubair Limited’s first acquisition in their current expansion plans. The key motivations for the acquisition are to expand Scubair Limited’s customer base and geographical reach. Nathan Leah, Corporate Deal Executive, advised on the deal.

Lodent Precision Limited

Lodent Precision Limited has been acquired by Beroskin Limited for an undisclosed sum.

Lodent Precision is a precision engineering specialist with a primary focus on the manufacturing of new press tools for the automotive industry. The company began trading in 1978 in the West Midlands. Lodent Precision remained in the county and later was awarded with the Black Country Business of the Year Award due to their service to the engineering sector.

The shareholders of Lodent Precision instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans, although both Paul Riley and Jeff Bates will remain with the business for a period of time post-tranasction

Following strong interest from a number of parties and three competing offers, the ultimate buyer was Beroskin Limited. Beroskin Limited is controlled by Valery Beroskin and now comprises two engineering companies, with further acquisitions anticipated as the company seeks to become a multi-purpose engineering group.

Guy Haynes, Corporate Director at KBS Corporate, advised on the deal alongside Andy Melbourne and commented,

“I’m delighted for Paul and Jeff – while they are required in the business in the short term, they can now start to look forward to a well-earned retirement.  Lodent is a highly-regarded company that has thrived despite the uncertainty within the automotive sector, and which has the potential to grow further with the right guidance.”

Legal advice was provided for the sellers by EMW (Simon Arkell and Sean Halliwell) and for the buyers by Keystone Law.

Adria Glass Limited

Adria Glass Limited, trading as Adria Glass, was established in 1989 and manufacturers high-quality double and triple glazed glass. Based in Barnsley, the independent manufacturer produces bevelled, etched, Georgian, leaded and stained-glass designs for clients across the Yorkshire region. 

The company prides itself on a reputation for excellence and received BS EN 1279 certification for sealed units in 1997. The company works with a wide range of glass types, including float, Pilkington Pattern and toughened, to ensure a full breadth of services for their clients.  This has resulted in Adria Glass generating an extremely loyal client base with several staying with the company for over 29 years.

Our clients instructed KBS Corporate with the sale of their business in order to realise their retirement plans.  Following the employment of a detailed research strategy, KBS Corporate sourced several interested parties. The majority of interest came from private investors however, some trade interest was generated.

The successful offer came from a private investor who intends to establish a foothold within the glass manufacturing sector.

The deal was overseen by Daniel Welsby. 

Noberne Doors

Noberne Doors is a door manufacturing specialist based in Leeds.

The company was established in 1975 and has worked with many blue-chip clients over 44 years. Noberne specialises in security, fire, acoustic, x-ray, external doors and their reputation has led to them becoming well respected within their sector. This respect is bolstered by the company becoming founding members of the BM TRADA Q-MARK fire door scheme, the ASDMA and members of the British Woodworking Federation and attaining an FSC Chain of Custody certification.

The shareholders of Noberne Doors instructed KBS Corporate with the sale of their business in order to pursue other business plans. Due to the shareholders wishing for the company to achieve further growth, a research strategy that focussed on trade buyers and private equity firms was implemented.

The successful offer came from a private equity buyer Kerry Hill Limited, who are a subsidiary of Merino Private Equity. The firm invests in a range of businesses from a plethora of sectors including building, manufacturing and education. The purchase acts as a bolt on acquisition for the Kerry Hill portfolio company.

The deal was overseen by Matthew Sibley, KBS Corporate Deal Executive who commented, “I believe that we have found an excellent match as Noberne Doors will now been able to grow further; whilst Merino has developed their company portfolio further.”

Mobius Networks Limited

Mobius Networks Limited is a well-established company based in Leicestershire. MNL is an industry leader within the technology sector and was the UK’s first integrated data airtime provider. The company is a highly regarded mobile virtual network operator which specialises in Machine to Machine and Internet of Things applications to the healthcare, transport and retail sectors.

The company has cultivated an excellent reputation through maintaining high levels of security whilst ensuring abundant capacity even during the busiest of times. This has resulted in MNL generating an impressive client list including local councils, national transport providers and prominent businesses including Manchester Airport and the Highways Agency. In addition to this MNL has a range of blue-chip industrial and retail clients including Aldi, Dunelm, Google, IBM and Siemens.

KBS Corporate Finance secured a management buy-out for MNL. The deal saw the company securing funding from NVM Private Equity Vintage III L.P. (NVM), as part of their current expansion plans. This marks the second deal KBS Corporate Finance has completed with NVM in as many weeks and is the firms seventh IT sector acquisition.

Doug Gilmour, MNL Managing Director commented, “Mobius Networks is delighted to be partnering with NVM. The opportunity to rapidly scale Mobius in the vast and vastly growing IOT and industrial internet market is compelling. The technical capability of the Mobius team and its value proposition is exceptional. This combined with the support and expertise of the NVM team, means that there are even more exciting times ahead for Mobius Networks.”

Andy Leach, Investment Partner of NVM Private Equity said, “Mobius’ focus on high uptime, mission critical applications differentiates it from the wider IoT market. With both IoT and M2M markets forecast to exhibit strong growth characteristics over the next few years, Mobius is well positioned to expand its customer base and introduce its products into a wider range of end-user markets. Consequently, we are delighted to be backing Doug and the rest of the Mobius team at what is an especially exciting stage of the company’s development and evolution.” David Gardner, KBS Corporate Finance Director advised our client throughout the process.

Secure Retail Limited

Secure Retail Limited, (Secure Retail), has been providing complete payment solutions since 2003. The company provides a wide range of hardware, managed services and software products to the retail, hospitality and infrastructure sector. 

Secure Retail is recognised as a true market leader and well respected by world class manufactures and software developers including Aevi, Barclaycard, Mastercard and Verifone. Innovation is key to the company’s success reflected in their early adoption of tablet and Cloud security in order to enhance productivity and operational efficiency. Secure Retail’s reputation within the industry, is bolstered by the inclusion of the company’s own support package which far exceeds the PCI PTS 5 standard. The combination of innovation, enhanced security measures and excellent reputation made Secure Retail an incredibly attractive prospect.

KBS Corporate Finance implemented a thorough research strategy and the ultimate offer came from NVM Private Equity III L.P. The Private Equity firm benefits from over 30 years’ experience, investing in a range of sectors.  The investor is currently seeking to increase their geographic foothold within the Midlands region.

Secure Managing Director David Russell said, “Secure Retail is delighted to be partnering with NVM. From our very first meeting it was clear that NVM had the appetite and understanding to add considerable weight to the exciting product strategy being delivered by the Secure Retail team. The next phase of payment security will undoubtedly create the potential for significant growth in software, hardware and support services. Secure Retail supported by NVM is well placed to capitalise on this opportunity”.

Andy Leach, Investment Partner of NVM Private Equity said, “We are delighted to be partnering with Carl, David and rest of Secure’s highly experienced management team to take the business forward through the next period of its growth. The payments market is necessarily becoming more complex and specialised given heightened regulatory and security considerations, coupled with increasing demands from consumers for speed and flexibility. The expertise that Secure has built over the past 15+ years will be of considerable value in such a dynamic market.”

The deal was overseen by David Gardner, KBS Corporate Finance Director.

Deba UK Ltd

Deba UK Ltd, a specialist cooling tower engineering and environment compliance company based in the South East of England, has been acquired by Netherlands based Nijhuis Industries, who operate in the UK as Nijhuis Industries UK and Ireland. The Dutch water and wastewater company agreed to the deal with Deba UK in order to complement their existing portfolios of products.

Since 1972, Deba UK have provided engineering services, products and technologies that enable organisations to meet their health, safety and environmental obligations in areas of Legionella compliance as well as water and ventilation hygiene. They are a proven provider of mechanical and chemical solutions for cooling towers and also provide wastewater bio-organic catalyst applications.

The acquisition is immediately effective and Deba UK Ltd has now become part of Nijhuis Industries strategy of growing its presence in the UK and Ireland. As part of this strategy, Deba UK will be renamed to Nijhuis DEBA Ltd and its office in Wokingham will be added to the existing presence in Truro and Bristol.

Menno Holterman, Nijhuis Industries CEO, commented on the deal and said, “The DEBA suite of services is an excellent fit with our global vision of providing water and wastewater services that recognise the increasing scarcity of water resources and that contribute to the circular economy. The acquisition would result in an integrated turnkey offer for water and wastewater solutions offering customers a ‘one-stop shop’ and benefit from Nijhuis added value services like i-Consult, i-Monitoring & Control and Operations. Therewith also addressing the fast-growing demand to deliver solid and adaptive solutions for a sustainable and resilient future.”.

Mike Platt, the Managing Director of Deba UK Ltd added, “I am confident that this acquisition is good for the Company and for the employees and will open-up many opportunities for the business going forward”.

The deal was overseen by Tom Eatough, Associate Corporate Director at KBS Corporate, who commented, “After a competitive bidding process, it was clear that Nijhuis Industries was the most suited acquirer for Deba UK. The acquisition enables Nijhuis to expand on their presence in the UK, whilst opening up international opportunities for Deba and an additional service offering in the UK. I am sure the acquisition will be a great success and I wish both parties all the best for the future.”

Mike Platt remain with the company and work for the new combined group as Nijhuis DEBA Business Development Director. Ian Stentiford has been appointed Managing Director Nijhuis UK and Ireland.

Studioworx

Studioworx has been established for over 15 years and are digital marketing specialists with print experience. The business provides a wide range of services comprising of branding, web design and e-commerce enhancements. Studioworx relies on a dedicated team who deliver excellent customer service. This has led to the business earning a wide range of accreditations and awards including Digital Entrepreneur Award finalists in 2018, RAR recommendation and Magento Certified. Over the years Studioworx has developed an enviable customer base including a well-known footwear provider, a drugstore and a stationary retailer.

KBS Corporate implemented an exhaustive research strategy which resulted in over 35 NDA’s being signed.

The final investment came from Three Crowns Holdings Limited who provide investment into mid-market companies in the media and technology industries. Studioworx is Three Crowns Holdings Limited third acquisition recently and will help grow the company’s profile further.

The deal was overseen by Sonia Cottrell, Corporate Deal Executive, who commented, “The deal will allow Studiworx to continue to grow and benefit from Three Crown Holdings Limited investment and expertise. It has been a pleasure working with Studioworx.”

Fatherson Bakery Limited

Fatherson Bakery Limited, trading as Fatherson Bakery, is a nationwide traditional bakery with over 10 years’ experience. The company has a core product line of 80 with an additional 24 seasonal products added over the year. Fatherson Bakery benefits from a strong sense of homemade brand which has led to the business becoming easily recognisable. Furthermore, the quality of the products is enviable with the company gaining multiple awards including several Great Taste Gold awards. In addition to this, Fatherson Bakery has fostered excellent client relationship which has produced long-standing relationships with blue chip retail buying groups.

The shareholder’s contacted KBS Corporate in order to facilitate retirement plans of two and allow another to invest more time in other business interests. One of the shareholders will remain with Fatherson Bakery.

The final buyers were Laurence Smith, Megan Smith and Mark Lewis with the former having a breadth of experience with the fast-moving consumer goods industry. The new owners intend to diversify the product range by establishing their own gluten free range and instilling an environmentally friendly ethos however the homemade aesthetic will remain at the core of the brand.

The deal was overseen by Andrew Dodd, Corporate Director at KBS Corporate.

Formby Tool Hire Ltd

Formby Tool Hire is a holistic equipment hire company serving a range of sectors operating from landscaping to welding. The business is well-established and based in Merseyside.

The owner of Formby Tool Hire instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans. A thorough research strategy was implemented, with a preference for trade buyers in line with our client’s requirements. This resulted in high levels of interest particularly from UK trade buyers, with some interest from Private Equity and Overseas trade buyers.

The ultimate buyer was the Smiths Hire Group as a synergy purchase. The company currently includes several branches within the North West however, they wish to expand their geographical reach to include Formby making Formby Tool Hire an ideal acquisition. The business benefits from a rich history with over 150 years’ experience in the industrial sector.

Simon Thompson of Formby Tool Hire noted,‘’Smiths Equipment Hire are a great outfit and will no doubt offer great prospects to all Formby Tool Hire customers and staff, I am very pleased with the outcome and I am sure Formby Tool Hire will provide a great platform to take Smiths Equipment Hire from strength to strength. We look forward to working with David Smith and, Thomas Smith and their team.’’

The deal was overseen by Jacob Lord, KBS Corporate Deal Executive, who commented, “Simon Thompson from Formby Tool Hire was an absolute pleasure to work with and Smiths Equipment Hire was very professional throughout. They outlined a specific timetable for proceedings and were very to the point in their discussions. The acquisition is perfect for both parties as Smiths gain an invaluable foothold in Formby to continue their expansion in the North West, whilst my client reaches retirement and a perfect home for his current staff whom have served Formby loyally for many years. I have no doubt the addition of Formby Tool Hire to Smiths Equipment Hire will yield positive results for all parties and I wish them the best of luck for the future.”

Microcomputer Workshop Limited

Microcomputer Workshop Limited, trading as MWL Systems, provide a variety of IT services and support. Services include consultancy, support, cloud and software solutions and infrastructure and hardware support. The company holds Microsoft Azure and Microsoft Gold Partner accreditation.

MWL Systems instructed KBS Corporate with the sale of their business and a detailed research strategy was pursued. The primary focus became Private Equity and trade buyers which generated 30 interested parties coming forward and 4 offers being received. The majority of interest came from existing trade within the IT and telecoms companies.

The successful offer was made by Elite Group, which is their 17th acquisition since 2008. The company has benefitted from a funding package, of £30m, from Lloyds Bank in order to support growth through acquisition with the target being set at a £100m annual turnover by 2021. Rob Sims, Elite CEO, commented on the deal,

“Our current plans are to take us up to a £100m business with the majority of that coming from mobility and IT.

“But the big step jumps will be from acquisitions and we look forward to making more. Companies such as MWL give our customers new services and it’s that value adding factor that we look for in acquisitions.”

The deal was overseen by KBS Corporate Associate Corporate Director, Tom Eatough, who added

“I am really pleased that we managed to secure a deal with Elite Group that enables the retirement of the founding shareholders of MWL.  MWL is a fantastic company and will be a great addition to Elite as they continue to progress their ambitious growth plans.  I would like to wish our clients and Elite all the best for the future.”

East Lancashire Refrigeration Limited

East Lancashire Refrigeration Limited is a heating, ventilation and air conditioning systems specialist based in Blackburn, Lancashire. The company offers a range of services covering all aspects covering surveying, design, installation and on-going maintenance.

KBS was instructed with the sale of East Lancashire Refrigeration Limited in order to facilitate the retirement plans of the majority shareholder. It became clear that an established trade buyer would be the best fit, as this would allow East Lancashire Refrigeration Limited to benefit from a supportive platform which would enable further growth.

Following a thorough research process targeting predominately trade buyers and Private Equity Firms; East Lancashire Refrigeration Limited 15 interested parties came forward resulting in 2 offers.  The greater levels of interest were generated by trade buyers which better suited our clients’ wishes.

Ultimately East Lancashire Refrigeration Limited was acquired by Johnson Controls Building Efficiency UK Limited which is part od Johnson Controls International plc and produces revenue in excess of £30 billion worldwide. This proved very beneficial to East Lancashire Refrigeration Limited as the acquisition best fit our clients’ needs.

The deal was overseen by Tom Eatough, Associate Corporate Director, and commented,

“Johnson Controls are well suited to take the company forward and I am sure the acquisition will be a great success.  I very much enjoyed working on this transaction and the sellers/buyers alike were great to deal with.  I am really pleased with the result and wish both parties all the best.”

Eurotech Services (UK) Limited

Eurotech was established in 1984 and deliver a range of IT support and maintenance services including software management, network and data security, hardware solutions and cloud telephony support. The business relies on a small dedicated team who provide a high level of customer service. In addition to this Eurotech is a CISO partner. This has led to Eurotech gaining an excellent reputation and blue chip clients including a Premier League Football club. Overall the business sees high levels of customer retention, as well a strong growth through new customers.

The majority shareholder of Eurotech directed KBS Corporate with the sale in order to facilitate their retirement plans. The other two shareholders will remain in their current roles to assist the new owner.

KBS Corporate implemented a diverse research strategy with a firm focus on trade buyers. This resulted in 44 NDAs and 5 offers. A deadline was put in place in order to receive the most competitive offer for Eurotech. This created an uplift in final bids which was further improved during negotiation.

The ultimate buyer was Equity Networks whose key services include the management of communications, cloud applications, cloud infrastructure and security. The business pride themselves on their flexible personable approach which has been upheld since 2010.  Equity Networks’ motivation for sale was to allow the expansion of their client base and increase their market share.

The buyer, Equity Networks is experiencing a period of strong and sustained growth and has plans for further acquisitions over the next 3 years to hit their £10m recurring revenue target.

Fabio Rambelli, Associate Director at KBS Corporate advised our client throughout the deal and commented,

“The deal has allowed Tim Bulmer of Eurotech to take a closer step to retirement and ensures that his company will continue to prosper under the guidance of Equity Networks. I can say that is has been a pleasure working with the Sellers and the Buyers and wish all parties the best of luck in their future endeavours.”

Spotnails Ltd

Spotnails is based in South Wales, Bedwas and manufactures, services and supplies

Spotnails is based in Bedwas, South Wales, and manufactures, services and supplies Pneumatic Tools and Collated Fastenings. The company is well established and offers their own products as well as stocking other brands. Spotnails operate in a variety of sectors ranging from marine to funeral sevices.

KBS Corporate secured a management buy-out deal for Spotnails. The deal saw the company securing a £25 million fund which will preserve 24 jobs and was sourced by the Development Bank of Wales, through the Wales Management Succession Fund. Further funding was provided by the management team and Ultimate Finance. The investment will ensure Jason Quaife, Sales Manager, and John Jefferys, Finance Director will remain in their roles at the company.

Mr Quaife commented, “I’ve been with Spotnails now for 12 years and this is Craig’s 26th year in the company. I have a sales background and Craig has the tooling background from his apprenticeship here. The management buy-out is a very attractive opportunity for us both and it gives us a great advantage as most of the technical experts in the industry have retired or are about to retire.

“We have huge ambitions for the company and the support from the Development Bank of Wales is crucial to achieving these. We are very much a belt-and-braces industry. We are securing relationships and working with several manufacturers with strong brands to sell into the UK. We want to become the largest independent distributor of these types of products with our own branded product range too.”

KBS Corporate Associate Corporate Director, Tom Eatough advised on the deal and noted, “After what was a difficult due diligence and legal process, I was really pleased to be able to reach a successful conclusion for the sellers.  We ran a comprehensive research process and received a number of indicative offers, but ultimately the MBO team were best placed to take the company forward with the support of Development Bank of Wales.  I am sure the acquisition will be a great success and I wish both parties all the best for the future.”

Pneumatic Tools and Collated Fastenings. The company is well established and offers their own products as well as stocking other brands. Spotnails operate in a variety of sectors ranging from marine to funeral sevices.

KBS Corporate secured a management buy-out deal for Spotnails. The deal saw the company securing a £25 million fund which will preserve 24 jobs and was sourced by the Development Bank of Wales, through the Wales Management Succession Fund. Further funding was provided by the management team and Ultimate Finance. The investment will ensure Jason Quaife, Sales Manager, and John Jefferys, Finance Director will remain in their roles at the company.

John Quaife commented,

“I’ve been with Spotnails now for 12 years and this is Craig’s 26th year in the company. I have a sales background and Craig has the tooling background from his apprenticeship here. The management buy-out is a very attractive opportunity for us both and it gives us a great advantage as most of the technical experts in the industry have retired or are about to retire.

“We have huge ambitions for the company and the support from the Development Bank of Wales is crucial to achieving these. We are very much a belt-and-braces industry. We are securing relationships and working with several manufacturers with strong brands to sell into the UK. We want to become the largest independent distributor of these types of products with our own branded product range too.”

KBS Corporate Associate Corporate Director, Tom Eatough advised on the deal and noted,

“After what was a difficult due diligence and legal process, I was really pleased to be able to reach a successful conclusion for the sellers.  We ran a comprehensive research process and received a number of indicative offers, but ultimately the MBO team were best placed to take the company forward with the support of Development Bank of Wales.  I am sure the acquisition will be a great success and I wish both parties all the best for the future.”

McAusland Turner Limited

McAusland Turner is the oldest Marine Surverying and Consulting firm in the port of Hull. The business was established in 1888. Over the years McAusland Turner has developed an excellent reputation, and established relationships with many blue-chip clients.  The company offers a variety of services, including but not limited to, auditing to legal support.

KBS Corporate was instructed with the sale of McAusland Turner and quickly implemented a thorough research strategy. This resulted in an offer from overseas buyer Van Ameyde.

Van Ameyde, based in The Netherlands, provide financial and legal support to businesses.

McAusland Turner’s Managing Director, Arthur Weatherhill commented on the sale,

“The company and its clients will benefit from Van Ameyde’s marine surveying network. Thanks to our mutual vision of providing high-quality services to the marine insurance market, we uphold employment and growth.”

Van Ameyde board member Bob de Bruijn stated that,

“The acquisition is part of Van Ameyde’s strategy to expand its Loss-Adjusting & Surveying network. The UK being the largest marine insurance market, expansion of our marine surveying network to the Uk is vital. In McAusland Turner, we have found the perfect match in terms of quality and identity.”

The deal was overseen by Andrew Dodd, KBS Corporate Director.

Protel (Professional Telecom) Solutions Limited

Protel Solutions, based on the Isle of Wight, provide advanced communications solutions to a variety of sectors including education, defence and telecommunications. The company was established in 2004. Protel Solutions prides themselves on their customer first approach, which is delivered through their network of engineers who have vast experience in several specialities. The company provide support for a plethora of communications solutions including Fibre Optics, Synchronous Digital Hierarchy and Radio Access Systems.

KBS Corporate was instructed with the sale of Protel Solutions to permit the owner to pursue their other business interest and develop their property portfolio.

KBS Corporate then employed a detailed research strategy including the production of marketing materials, out reach to prospective trade buyers and marketing through professional platforms.

This proved highly successful and resulted in 31 NDAs being received and produced a number of competitive offers.

The successful offer was made by WDSI Ltd who acquired a 75% share of Protel Solutions. This arrangement allows the new buyers to benefit from the owners’ experience and retained interest.  This enabled  the owner to continue to benefit from all major contracts won before the sale. The deal included cash on completion with a 20% cash retention to be released over the first 30 days following completion dependant on performance.

WDSI Ltd offer wireless solutions in a range of sectors including large venue entertainment systems, public transport,  retail and leisure. Since the company’s inception in 2001 WDSI Ltd has specialised in network diagnostics, user support, system administrations and server maintenance. WDSI Ltd works with a variety of blue-chip clients.

The deal was overseen by Jacob Lord of KBS Corporate who commented,

“It was a real pleasure to work with Peter from Protel throughout the process. I am very pleased with the outcome as Peter will continue to receive returns from Protel and see the businesses legacy continue, under WDSI’s leadership. I wish all parties involved the best of luck in their future endeavours and I am confident Protel will bolster WDSI’s core competencies and take them from strength to strength.”

Geo-Info Limited

Geo-Info specialise in underground mapping and surveying to the rail and engineering sectors and operates across England, Ireland and Scotland.

Since inception in 2012, the company has gained several industry accreditations, shown considerable growth and engaged in numerous large, well-publicised rail projects.

Over this time the company has established a strong reputation within the industry, consistently providing a high quality, innovative service, led by an experienced team.

The shareholders of Geo-Info instructed KBS Corporate with the sale of the company in order to pursue other business interests whilst ensuring the growth of Geo-Info through the impetus of a new owner.

KBS Corporate instigated a thorough research strategy, targeting a range of buyers across both trade and private equity. Over 20 interested parties came forward, which included a mix of buyer types, including several large civil engineering and construction companies.

The ultimate acquirer was SML Group Limited, who are operating an acquisitive buy-and-build strategy and saw the acquisition of Geo-Info as an ideal opportunity to ensure the diversification of their client base, whilst also allowing for an increase in capacity, resource and geographic coverage.

Fabio Rambelli, Associate Director at KBS Corporate advised our clients on the deal, and commented, ‘It has been a pleasure working with Adrian and Niall of Geo-Info, as well as the buyers. I’m confident that Tom Harpin of SML Group will be able to successfully take Geo-Info to the next level and provide the same level of care and dedication to the company’s clients that Adrian, Niall and the rest of the Geo-Info team have previously provided. I wish all parties the best of luck with their future endeavours.’

G E Door Manufacturing Limited

GE Door Solutions has been acquired by DK Group in a multi-million pound deal advised by KBS Corporate.

The deal sees an initial 75% stake in GE Doors (inclusive of GE Door Manufacturing and GE Carpentry Services) acquired by DK Group, with the remaining stake acquired over the next four years.

GE Doors are a leading manufacturer of doorsets, screens and ironmongery to the education, health and commercial sectors. Established in 1999, the South Wales based company has established itself as a key player within the industry, utilising technology, an experienced team of employees and significant resources to provide certified solutions to all clients.

Recently, GE Doors has expanded nationally, serviced by its own fleet of delivery vehicles to further support key customers and enhance the company’s service offering.

The shareholders of GE Door Solutions instructed KBS Corporate with the sale of the business to allow them to begin their retirement plans.

Following the production of marketing materials and a thorough research process, the opportunity attracted DK Group, who saw GE Doors as the ideal business to complement its existing portfolio. DK Group are currently operating an on-going acquisition strategy to enhance their current resources.

Jay Singh of KBS Corporate advised our clients on the deal throughout and commented, “GE Doors Group is a business that has been built up by the founding shareholder over the last 20 years. It has an excellent reputation in the market and the founder was keen to exit the business, but protect the businesses’ employees going forward. DK Group was the ideal strategic buyer as it allowed the founder to partially exit, but remain involved in the business and allowed the Sales Director to step up to the position of Managing Director with the support of the Board of DK Group”.

Gary Evans and Jason Pincombe commented:

“DK Group, as a family owned business, shares the GE Doors business philosophy, and by joining forces, we will be creating a platform for continued growth for both GE Doors and DK Group. We look forward to working with Kevin Higginson and his team,”

Kevin Higginson, CEO of DK Group Investments said:

“I am thrilled to welcome Gary, Jason and the entire GE Doors team to the DK Group and its family of businesses. We are excited by the opportunities available to GE Doors to continue its strong growth in the UK specialist doors market. We look forward to working with and investing in the GE Doors business, to make the most of these opportunities.”

ESM Global Limited

ESM Global specialise in the development of optical fibre equipment, providing design and installation services to educational institutes and photonic companies across the globe.

The Company has been established for over 20 years, amassing an impressive, global client base within this time. The projects undertaken by ESM include optical fibre drawing equipment, fibre rewinding machines, laboratory cleanrooms and gas scrubbing equipment.

As the shareholders of ESM Global began to look towards their retirement plans, they instructed KBS Corporate with the sale of their business.

Following a thorough research strategy by KBS Corporate, a range of interested parties came forward, which included both trade and investment buyers across the globe.

Ultimately, a deal was agreed with Ifiber Optoelectronics Technology, a Beijing based specialist in the research, development and manufacture of optical fibre sensors.

Ifiber Optoelectronics Technology also provide thermal detection systems, temperature measurement systems and other integrated services. The buyer is currently one of the leading providers of optical fibre technology in China, having built an established reputation and service since inception.

Nathan Leah, Deal Executive at KBS Corporate advised on the deal and commented, ‘I have thoroughly enjoyed working on this deal from start to finish. I believe the deal will be very beneficial for Ifiber, allowing them to cement their position in China and to branch out into new and exciting directions. I wish nothing but the best for all involved and I would like to thank all parties for their co-operation throughout the process.’

FreedomMusic

FreedomMusic acquired by Imagesound Group Limited

FreedomMusic is a specialist provider of licence-included audio services for background music, catering to a range of needs including in-store radios, retail, leisure and hospitality.

FreedomMusic has a proven track record of helping businesses save money through the use of royalty free music. The music offered by FreedomMusic is original and written and performed by new artists across the globe.

Based in Hampshire, the business has amassed a strong client base, having achieved ISO 9001 quality accreditation, they are associated with a high-quality service.

Following the instruction of KBS Corporate with the sale of the business, the goodwill and assets of FreedomMusic were sold to Imagesound, a leading provider of in store music solutions to retailers, health clubs and restaurants.

A majority stake in Imagesound Group was sold to ECI Partners, in a deal advised by KBS Corporate. ECI is one of the most successful private equity groups in the UK, and have enabled the significant growth of Imagesound.

Tom Eatough, Associate Corporate Director advised our clients at FreedomMusic throughout the deal.

Process Control Services UK Limited

Process Control Services (PCS) is an industrial electrical engineering and control contractor based in Derbyshire.

The company offer a range of electrical engineering and control solutions, including electrical day work, maintenance and breakdowns and electrical installations.

Having been in operation for over 20 years, PCS has established a strong client base and presence within multiple industries.

The shareholders instructed KBS Corporate with the sale of their business. A management buy-in team acquired the company, backed by Panoramic Growth Equity.

The investment will provide the business with additional working capital to enable growth within both new and existing markets.

Tom Eatough, Associate Corporate Director at KBS Corporate, advised on the deal.

Support Instrumentation Limited

Support Instrumentation Limited has been acquired by MJ Wilson Group Limited, in a deal advised by KBS Corporate.

Support Instrumentation Limited (SIL) are a multi-disciplined process instrumentation company. Based in Kent, SIL provides a comprehensive single-source instrumentation solution from design, product selection and project management, to automation and process control. It operates across a number of sectors, including chemicals, food and beverage, power generation and aggregates.

The company has established itself within the industry and is associated with innovation, as well as reliability. Having been in operation since 1992, SIL has built a loyal client base.

The shareholders at SIL instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans, as well as ensuring the growth of SIL under the impetus of a new owner.

Following a thorough research strategy, the opportunity attracted significant interest from trade buyers and investment firms.

The ultimate buyer was MJ Wilson Group Limited, who were motivated to acquire the opportunity to consolidate in the market, increase market share, capacity and client base, as well as strengthening its current position in the South East.

This investment was led by Amit Thaper, Investment Director at Cairngorm Capital, who explained, “The acquisition of SIL is highly strategic for M J Wilson, and provides access to key brands within the process and instrumentation industry.  We are delighted to partner with Steve Hopkins and continue to invest in technically focused MRO distribution businesses as we scale our national group.”

Rob Beveridge, MJ Wilson’s Managing Director said “We are delighted to partner with such a highly respected company. We have much in common in terms of our heritage and commitment to innovation and outstanding customer service. There is a clear fit between our two businesses, as our services are highly complementary so the merger creates exciting potential. Together, we will be well equipped to pursue new opportunities for growth, to the benefit of our customers, suppliers and employees.”

Steve Hopkins, SIL’s Managing Director added, “This is the perfect partnership for two businesses that share a commitment to innovation and the highest standards of customer service. There are great opportunities across the sector and this new chapter in our journey provides significant strategic benefits for both companies.”

MJ Wilson and Cairngorm Capital were advised on this transaction by Mazars (financial and tax) and Browne Jacobson (legal). SIL shareholders were advised by KBS Corporate (corporate finance) and Gately Plc (legal).

Fabio Rambelli, Associate Director at KBS Corporate, commented, ‘The acquisition is highly complementary for MJ Wilson and ensures Chris Hopkins can exit the business in full knowledge that SIL will be handled with the care and commitment he gave when he ran the company. I wish MJ Wilson and Steve the best of luck in their future endeavours and I’m confident that SIL will go from strength to strength under the guidance of MJ Wilson.’

Triform Holdings Limited

Triform is a print management, storage and distribution specialist based in the Midlands, known for producing a wide range of materials such as letterheads, compliment slips, business cards, as well as brochures and point-of-sale materials.

Working with an established and impressive list of clients, Triform has built an excellent reputation and is a trusted provider to a wide range of industries.

As the shareholders of the company began to consider their retirement options, KBS Corporate were instructed with the sale of Triform.

A thorough research strategy was implemented, with a wide range of potential acquirers targeted, particularly trade buyers. This research generated a substantial level of interest in the opportunity, with over 25 NDAs signed and multiple offers made.

The interest in Triform did primarily come from trade buyers but also included small-scale investment companies who saw the potential within the opportunity.

Ultimately, a deal was agreed with Hague Print Media Supplies Limited, one of the UK’s leading print solutions providers, who saw the opportunity to incorporate Triform into their growth strategy.

Fabio Rambelli, Associate Director at KBS Corporate, advised on the deal and commented, ‘I would like to take this opportunity to thank both parties for their co-operation throughout this deal. The acquisition of Triform by Hague will be very beneficial for Hague and will undoubtedly ensure Triform continues for many more years of successful trading and growth.’

Kalon Biological Limited

Kalon Biological acquired by CalibreScientific Inc, in a deal advised by KBS Corporate.

Kalon Biological specialise in the development and production of medical diagnostic kits and commercial enzyme immunoassays EIA kits for the healthcare industry.

Kalon Biological are highly experienced within the research and development of medical kits, and operate a number of brands including; KalonBio, a specialist within in-vitro diagnostics, Clin-Tech, a stains, reagents and medical kits provider, and Microimmune, a provider of measles, mumps and rubella testing products to hospitals and other partners internationally.

The shareholders of Kalon Biological instructed KBS Corporate with the sale of their business ahead of retirement plans.

Once marketed, the opportunity attracted a wide range of interest, from both trade and private equity acquirers, with over 65 NDAs received.

The ultimate buyer was CalibreScientific Inc., part of StoneCalibre, a diversified global provider of reagents, tools and other products to the healthcare, laboratory and biopharmaceutical industries. Based in Los Angeles, the company work to solve and address issues within their markets and have a global reach to over 53 countries.

Through a strong acquisition strategy, CalibreScientific has seen recent levels of growth, and has diversified and expanded the product offering, as well as their market share across the world.

Fabio Rambelli, of KBS Corporate advised our clients on the deal, and commented, ‘I have enjoyed working on this deal and I feel the acquisition has been ideal for CalibreScientific, as a logical bolt-on opportunity, which will enable them to further increase market share within the life-sciences sector. The deal will also enable the shareholders at Kalon to begin their well-earned retirement. I wish all involved the best for the future.’

DB Transport Corby Ltd and DB Warehousing Corby Ltd

DB Transport Corby Ltd and DB Warehousing Corby Ltd has been acquired, in a deal advised by KBS Corporate.

The West Midlands based transport and warehousing group came to market with KBS Corporate as the directors looked to begin retirement plans.

Following a thorough research strategy, the production of marketing materials and a period of negotiations, Stoneport Holdings Ltd have acquired the Group.

Stoneport recognised the opportunity as an ideal acquisition and first step into the sector due to the beneficial distribution location.

Daniel Welsby, Deal Executive at KBS Corporate, advised our clients throughout the deal and commented, ‘I am really pleased with the outcome of this deal, which marks the beginning of an acquisitive strategy for Stoneport, and an enjoyable retirement for the shareholders of DB Corby. I wish all involved the best for the future.’

Clover Chemicals Limited

Clover Chemicals Limited, a manufacturer of cleaning products, has been acquired by Christeyns UK Limited, in a deal advised by KBS Corporate Finance.

Clover Chemicals is a developer and manufacturer of high-quality cleaning chemicals, based in Derbyshire. The company has established itself as a reliable developer of effective products, placing a strong focus on research and development.

On instructing KBS with the sale of their business, a thorough research strategy was implemented, which generated a wide range of interest, with over 60 NDAs signed.

Following negotiations, a deal was agreed with Christeyns, a Bradford based company, best known for the manufacture of detergent, disinfectants and equipment. Clover Chemicals’ product range includes Floorcare, Washroom and Skincare products and will complement Christeyns existing offering, as well as enabling future growth and diversification.

Clover Chemicals will continue to operate from its facility in the High Peak area, and Managing Director, Des Eustace commented, “We are excited to be joining such an ambitious group. Christeyns’ core values of family, expertise, passion and continuous improvement are an ideal fit for the future of the Clover business and we look forward to the exciting journey ahead as part of this deeply committed organisation.”

Hassan Ahsan and Jay Singh, of KBS Corporate Finance, advised on the deal, with Hassan commenting, “The success of this acquisition can be attributable to the strong, professional relationships we held with both Clover Chemicals and Christyens UK. I know that Clover Chemicals will continue to flourish under the direction of Christeyns, and I wish them all the best for the future.”

CPOMS

CPOMS is a market leading software solution for monitoring Safeguarding and pastoral needs within the education sector, has been acquired by ECI Partners a growth-focused private equity firm in a multi-million-pound deal.

CPOMS has grown substantially since being established in 2011, the company’s software is now utilised in over 10,000 establishments across the globe. The company works closely with those within the education sector in order to deliver efficient software that yields high levels of customer satisfaction.

ECI Partners have been established since 1976 and specialise in supporting management buyouts and buy ins within medium sized UK growth companies. The company operates in a range of sectors. ECI Partners invest between £25 million and £100 million in deals valued up to £200 million.

Dave Gardner, Director at KBS Corporate Finance advised CPOMS throughout the process.

Impact Displays (UK) Limited

Impact Displays (UK) Limited has been acquired by Once Upon A Time Marketing Limited, in a deal advised by KBS Corporate.

Impact Displays is a supplier of retail point-of-sale displays, catering to a wide range of needs including publishers, supermarkets and convenience retailers.

Having been in operation for over 10 years, the shareholders of Impact Displays began to look towards retirement plans, and therefore instructed KBS Corporate with the sale of the business.

Following a thorough research strategy, a significant number of parties expressed an interest, including a mix of both trade and private equity investors.

Ultimately, a deal was agreed with Once Upon A Time, a London based full-service marketing agency, offering a wide-range of services including digital marketing, CRM, advertising and packaging solutions.

The deal presents an ideal acquisition as Impact Displays will benefit from the blue-chip client base associated with Once Upon A Time, as well as the potential for increased geographical coverage.

Matthew Sibley, Deal Executive at KBS Corporate, advised on the deal and commented, ‘I am really pleased with the outcome of this deal, and feel that Once Upon A Time are an ideal strategic fit for Impact Displays. I wish all involved every success for the future.’

Access Lifting Pulling & Safety Limited

Access Lifting Pulling & Safety Limited (“ALPS”) has been acquired by Denholm Industrial Group.

ALPS provide bespoke access, lifting, pulling and safety solutions to a wide range of project types and industries.

The company prides itself on being able to work on unique, innovative projects that require a high level of customisation and specialist work, as well as the more conventional projects. Services provided by the company include bridge access, buildings and structures, industrial rope access, and height lifting.

Denholm Industrial Group have acquired ALPS, following a thorough research process was conducted by KBS Corporate.  Denholm Industrial is part of the £240m turnover J & J Denholm Group, whose subsidiaries operate in shipping, logistics, seafoods, industrial services and oilfield services..

Tom Eatough, Associate Corporate Director, advised on the deal and commented, ‘I am really pleased we managed to bring the deal to a successful conclusion. ALPS will fit nicely into Denholm Industrial’s existing division and the complementary service offerings provide clear synergies moving forward.  I am sure the acquisition will be a great success for both parties.’

Conquest Oil Ltd

Conquest Oil, is a well-established independent fuel supplier, operating across the south of the UK.

Headquartered in Bedfordshire, the Company serves a wide customer base, across both commercial and domestic sectors, with long-standing relationships with both customers and suppliers.

The shareholders of Conquest Oil instructed KBS Corporate with the sale of their company due to their retirement plans.

Following a thorough research strategy, the opportunity attracted a wide range of interest from trade buyers, with multiple offers made.

Ultimately, following negotiations by KBS Corporate, an offer from Oil NRG, a fuel supply and distribution business, was accepted.

Oil NRG acquire Conquest Oil as part of their ongoing growth strategy, and the opportunity presents an ideal acquisition due to the location of Conquest Oil and the established customer base already in place.

Hassan Ahsan, of the KBS Corporate Finance team, advised on the deal and commented: ‘I have thoroughly enjoyed working on this deal and believe the outcome will benefit both parties. Our clients were able to achieve a deal that exceeded their expectations, whilst Oil NRG are able to continue their growth strategy and obtain substantial work. I wish all involved the best for the future.’

Technocopy Solutions Ltd

Technocopy Solutions are a business print management and solutions company operating nationally. The company provides a wide range of document management and managed print services to businesses across a variety of sectors.

As winners of the Northamptonshire Business of the Year, Technocopy have amassed a strong reputation locally and a substantial client base.

Having instructed KBS Corporate with the sale of their business, Technocopy has been acquired by Business by Technology, a UK based trade buyer with offices in the Midlands, North West and East Anglia.

Chilli Telecom Limited

Chilli Telecom Limited has been acquired by Communicate Better Limited, in a deal advised by KBS Corporate.

Chilli Telecom offers a wide range of telecom solutions, operating as a ‘one stop shop’ for business telecom solutions.

Based in West Yorkshire, Chilli Telecom offers outstanding levels of customer service, to ensure a smooth transition from order to installation. This entire process is overseen by a dedicated and experienced team, who take great pride in offering excellent advice and support to customers.

The shareholders of Chilli Telecom were beginning to look at other business ventures and opportunities and approached KBS Corporate to assist in the sale of their business.

Following interest from a number of trade acquirers, a deal was agreed with Communicate Better, a Warrington based telecoms business.

Communicate Better has over 20 years’ experience within the telecoms sector and offers award-winning solutions to a wide range of businesses.

Having recently been very active within the M&A market, totalling 10 acquisitions, Communicate Better is set for huge growth and expansion, in terms of both product offering and geographical coverage. The substantial pipeline of work currently scheduled by Chilli Telecom was attractive to Communicate Better, who saw the opportunity to accelerate its growth strategy and reap economic rewards.

The sellers were advised by Guy Haynes from KBS Corporate, with legal advice provided by Gateley PLC.  Communicate Better was advised by Cowgill Holloway with legal advice provided by Pearsons.

JMP Wilcox & Company Ltd

JMP Wilcox & Company Ltd, the UK’s leading textile reclaimers and processors, has been acquired by Netherlands based Waterland Private Equity Investments.

JMP Wilcox has been established for over 100 years. The company collects in excess of 900 tonnes of unwanted clothing each week from over 3500 collection points via 80 vehicle collections. The company is based in the West Midlands on a four-acre site just off the M6. The company has an impressive recycle rate of over 99% and over 90% is exported to over 30 countries around the world.

Waterland Private Equity Investments is a truly global investment company with investments in over 550 countries. The firm invests in primarily ambitious entrepreneurs and companies that are in sectors experiencing growth.

Julian Coy, Corporate Finance MD at KBS Corporate Finance advised JMP Wilcox & Company Ltd throughout the process.

Ashmount Flooring Supplies Limited

Ashmount Flooring Supplies are a London based flooring distribution company, with over 40 years of experience in providing to both commercial and domestic properties.

The company offer a range of flooring products, and stock a wide range of well known brands within the industry.

Ashmount has amassed a strong reputation within the industry, resulting in an impressive client base and long-standing customer relationships.

As the shareholders at Ashmount look towards retirement, KBS Corporate were instructed with the sale of the company. A thorough research strategy was implemented which resulted in a wide-range of interest.

The ultimate buyers were Headlam Group plc, Europe’s largest distributor of floorcoverings.

The acquisition will allow Headlam to expand geographically into a London area, of which Ashmount has had a strong foothold. Ashmount will continue to be operated under its own trade brand, from the existing premises in London, but will also benefit from the resource and support of Headlam.

Tom Eatough, Associate Corporate Director, advised on the deal and commented: “From what was quite a turbulent due diligence and legal process, I am really pleased that we have reached a successful conclusion for our clients  The acquisition will be strategically beneficial to the buyers and should enable our clients to enjoy their well-deserved impending retirement. I would like to wish both parties the very best for the future.”

Subec Wiping Solutions Limited

Subec Wiping Solutions Limited (“Subec”), has been acquired by Banner Group Limited (“Banner”), one of the EVO Group of companies.

Banner is a supplier of business critical products to the private, public and the third sector (charities, NGOs). Their customer base contains companies and organisations that range from government bodies and agencies, the largest FTSE 100 listed companies right through to smaller charities and SME’s.

The Banner heritage is drawn from the supply of stationery and print-related needs, however, they go far beyond “traditional” office products and provide solutions and services for the wider workplace, covering cleaning and janitorial supplies through to furniture, printed goods, technology and office services.

Subec provides the ideal acquisition to enhance the evolution of the Banner cleaning and hygiene category. Positioned as one of the UK’s premier suppliers of specialised cleaning and hygiene products, Subec supplies a substantial customer base across both commercial and industrial markets.

On instructing KBS with the sale of their company, Subec immediately generated high levels of interest as the unique and thorough research strategy of KBS Corporate was implemented.

There was much interest in the opportunity from both trade buyers and private individuals. However, the ultimate offer came from Banner.

The shareholders at Subec will remain at the company, to help oversee any changes and support future growth.

Julie Doyle, Deal Executive at KBS Corporate, advised on the deal and commented; “I have enjoyed working with both parties and wish them well going forward. I think the acquisition will be a success and I’d like to thank both parties for their co-operation throughout the process.”

Fuel Proof Limited

In a sale advised by KBS Corporate, Argent Industrial have acquired Fuel Proof Limited for an initial consideration of £4.6m, with this potentially rising to £6m subject to future performance

Fuel Proof is a leading manufacturer of bunded fuel storage equipment. The company offers a range of fuel storage solutions and services, including fuelcubes, diesel tanks, water storage, and waste oil storage tanks, with each individual component manufactured in-house to the highest possible standard.

The company manufactures products for both UK and international clients serving sectors such as aerospace, engineering, oil & gas, aviation and utilities.

The shareholders of Fuel Proof instructed KBS Corporate to find a buyer for the business, as they are looking to explore unrelated interests after a transitional period.

A thorough research strategy was implemented and several interested parties came forward.  Ultimately, a deal was agreed with Argent Industrial, a South African based buyer who are listed on the Johannesburg Stock Exchange.

Tom Eatough, Associate Corporate Director, advised on the sale and commented: ‘I have enjoyed working on this deal and providing advice to our clients throughout the process. Fuel Proof will make a great addition to Argent Industrial’s portfolio of manufacturing companies and I would like to wish both parties all the best for the future.

PP Control & Automation Limited

KBS Corporate Finance is delighted to have provided lead Corporate Finance advice to the Shareholders of PP Control & Automation on the sale of the Company to Ardenton Capital Corporation

PP Control & Automation, which employs more than 230 staff, said the deal with Ardenton Capital Corporation will help it reach £40m in turnover within five years.

According to its latest accounts, sales increased to £22.7m during the year to 31 January 2018 compared to £19.8m in the prior 12 months.

Established for 50 years and under current ownership and management since 1979, the deal provides the exiting shareholders with a substantial return whilst at the same time allowing them to retain a stake in the business going forward.

Commenting on the deal, David Fox, owner of PP said “The deal with Ardenton is a great outcome for all concerned. It will allow me to realise the value created over many years and retain an ongoing interest in the business as it grows. Importantly, it gives the Company, its employees, customers and suppliers confidence in the future with PP remaining under independent ownership”.

Current managing director Tony Hague has become a significant shareholder in the business as part of the deal and will become chief executive, while founder David Fox has become chairman.

Hague, who has been at the company since 2001, said: “We recognised over 12 months ago that if we were to realise our aspirations of truly growing PP in the way we believed possible, we would need a new business partner to work with. In Ardenton, we believe we have found that partner”.

KBS Corporate Finance worked closely with the Shareholders throughout the process and David Fox commented. “KBS Corporate Finance played a huge role in delivering this transaction. The commitment and professionalism that they put into the deal was key to getting it over the line. KBS brought numerous parties to the table and assessed pros and cons of all offers received. Their knowledge and understanding of Ardenton’s model also gave me great comfort in knowing that we had found the right acquirer for the Company”.

John Hunt, Director of KBS Corporate Finance commented. “It has been a real pleasure working with David and Tony to deliver this outcome. The deal is a “win win” for all concerned and we wish all at PP the best for what we expect to be a very bright future”.

Avensys UK Ltd

Avensys UK Group Ltd has been acquired by HERMED Technische Beratung GmbH, part of the VAMED Group, a leading provider of international healthcare.

In recent years Avensys has shown high levels of growth, both in terms of sales and employee numbers, which has helped the company become one of the UK’s leading healthcare equipment service providers.

Avensys provide and maintain a wide range of medical equipment across the UK, to a wide range of customers including individual dental practices, private hospital groups, NHS, CCG’s and the MoD.

HERMED, was acquired as a subsidiary of the VAMED Group in 2008, and is a key operator within the biomedical device industry and is now active within 8 countries across Europe, with over 500 employees.

KBS Corporate Finance (Guy Haynes and John Hunt) advised the sellers on this transaction, with legal advice provided by TLT’s Manchester team comprising Ian Roberts, Nicola Bilner, Liz Delaney and Stephen Devlin.

Robert Strange, CEO, and Steve Holt, MD, commented as follows;

“I am very happy that with HERMED we have found a strong and competent partner who optimally complements our offering. Both the service portfolios and the corporate cultures are ideally matched. We see great potential for synergies and are convinced that we can sustainably increase our growth in the UK market with the support of our new partners. Everyone will profit from this in the future – we, our employees and, above all, our customers!”

Finlay Associates Ltd

Finlay Associates is one of the leading property search providers in the South East. Founded in 2003, the company offer a range of property search services, including local authority search, drainage & water reports, mining reports, commons registration and floorplans. A wide range of customer requirements are met.

The company is run by an experienced team, offering property information and search requests to property professionals and homeowners.

The shareholders of Finlay Associates instructed KBS Corporate with the sale of their business, as they look towards retirement plans and the possibility of exploring new ventures and opportunities.

Following a thorough research strategy by KBS Corporate, which saw a range of trade companies targeted, a number of meetings with interested parties were held.

In the end, the successful acquirors were Dye & Durham, Canada’s leading provider of data solutions and legal software. The company offer a complete all-in-one solution for professionals looking to automate the process of obtaining public records and legal documentation.

As a key operator within the industry, Dye & Durham present as ideal buyers for Finlay Associates, and the opportunity to expand and diversify going forward seems likely to be successful.

Sonia Cottrell, Deal Executive at KBS Corporate, worked with our client at Finlay Associates to achieve the offer within 6 months of the business joining the market, and commented: ‘I’ve enjoyed working with our client who runs a very successful and well-respected business. I wish Richard well going forward and believe the acquisition by Dye & Durham will be beneficial to the future of the business.’

Gap Consulting Ltd

KBS Corporate has advised on the sale of Gap Consulting Ltd to Incremental Group for an undisclosed value.

Based in Cheshire, Gap Consulting is among the largest specialist Microsoft CRM practices in the UK. The company offers CRM strategy & advice, along with CRM project rescue, infrastructure and customer engagement support.

The company works across the public sector, not-for-profit and professional service sectors and have provided high-quality CRM solutions to a wide range of clients, of varying sizes.

The company works closely with clients to provide a professional, reliable service, built on a depth of knowledge and experience. For this reason, Gap Consulting are highly successful within the industry.

The key reason behind the transaction was to enable the current MD, Andy Dudley, to take his first steps towards retirement, although Andy will continue to be involved for a handover period.  The other shareholders, Trev White and Mark Hatcher, will continue to be heavily involved in the Company going forward.

Incremental Group, which is based in Glasgow and is backed by Maven Capital, Scottish Investment Bank and Clydesdale Bank, is a digital transformation specialist and offers a wide range of services within digital technology. The acquisition of Gap Consulting strengthens its CRM service arm, whilst also allowing for geographic expansion and diversification.

Guy Haynes, Corporate Director at KBS Corporate, advised on the deal and commented: “It was clear from the outset that Incremental Group was a very strong fit for our clients, who were prepared to move very quickly and decisively despite other suitors being at a more advanced stage.  Gap is an excellent company led by excellent people, and it was no surprise that the bidding process was a highly competitive one, comprising buyers from the UK and overseas.  Incremental are an ambitious organisation with strong growth targets, and the integration of Gap should strengthen their offering considerably.”

Legal services were provided by Gateley PLC to the sellers, and Burness Paull to the buyers, with BDO providing Corporate Finance advice and Campbell Dallas Financial Due Diligence to the buyers.

Brian Gow Roofing Warehouse Limited

Brian Gow Roofing Warehouse Limited has been acquired by Burton Roofing Merchants Limited, in a deal advised by KBS Corporate.

Established in 2001, Brian Gow Roofing Warehouse offer all aspects of roofing needs, including pitched roofing and flat roofing products, along with insulation and acoustic solutions.

Working with a trusted list of suppliers, and a strong family run ethos, Brian Gow Roofing Warehouse pride themselves on their high levels of customer service and dedicated response.

The shareholders of Brian Gow Roofing Warehouse instructed KBS Corporate with the sale of their business, ahead of potential retirement plans and the desire to drive further growth.

Following an extensive research strategy, looking at both trade buyers and private investments, a number of interested parties came forward. However, the ultimate offer accepted came from Burton Roofing Merchants Limited, a construction supplier, specialising in distributing roofing materials worldwide.

Burton Roofing Merchants work with some of the largest brands in the roofing industry, making them a beneficial acquirer for the future growth of Brian Gow Roofing Warehouse.

Burton Roofing Merchants will also benefit from the acquisition as they look to expand geographically and establish a London-base.

Fabio Rambelli, Deal Executive at KBS Corporate, advised on the deal, and commented: ‘The company, staff and client base will be in very good hands under the new leadership of Burton Roofing moving forward. It has been a true pleasure working with all parties I wish them the best of luck with their future plans.’

iTech Scotland Ltd

iTech Scotland Ltd (“iTech”) has been acquired in a management buy-in deal, advised by KBS Corporate.

iTech is a system integrator company based in Scotland, supplying all the necessary service requirements to the automation industry.

Established in 1989, iTech have worked with a wide range of clients to deliver practical solutions, across both the public and private sector. The company offers a wide range of services, including software design, training, repairs, equipment and machine safety.

As the shareholders at iTech begin to consider their retirement plans, they instructed KBS Corporate with the sale of their business. Following an in-depth research strategy by KBS Corporate, a number of interested parties came forward, with over 25 NDA’s signed and several meetings held.

Ultimately, the accepted offer came from a private individual who has ambitions to grow the company.

Tom Eatough, Associate Corporate Director, advised our clients on the deal and commented, ‘I wish both parties the best going forward, and believe the deal will serve as advantageous for all involved.”

NDT Services Limited

Pile testing engineering company NDT Services has been purchased by engineering and environmental consultancy RSK Group for an undisclosed sum, in a deal which KBS Corporate advised on.

Established in 1990, NDT Services specialises in pile integrity testing, static pile-maintained load testing and dynamic load testing, working closely with many of the UK’s leading piling companies.

Operating from its Nottingham base, the business is accredited to BS EN ISO 9001:2015, the quality management system, and UKAS, the UK’s National Accreditation Body, both of which ensure its compliance with regulated organisations.

The acquirer, RSK Group, is a well-established professional services firm specialising in environmental and engineering services. The Cheshire-based business provides a range of services including communications and stakeholder engagement, landscape design and masterplanning, and site investigation and remediation.

Manging Director of NDT Services John Purser said of the deal: “The prospect of NDT Services moving forward with the support of RSK is exciting for staff, suppliers and clients alike. We feel that adding our specialist pile testing services to the RSK portfolio is a perfect fit that will enable the company to fulfil its potential within the industry.”

The company was bought alongside Copeland Wedge Associates (CWA), a nationwide consulting civil and structural engineering firm based in Birmingham.

Dr Alan Ryder, chief executive of RSK, commented: “I am delighted to join forces with NDT Services and CWA. Both companies have extremely experienced and skilled people who share our common values. Our plan is to invest in the companies and help them to grow.

“RSK can now offer pile testing to complement our existing geotechnical and structural engineering expertise. And CWA will bring us better access to the Birmingham/West Midlands market and further enhance our engineering teams.”

These are the latest in a series of purchases by RSK, which was backed with a £140m funding package from Permira Debt Managers in 2017 which includes support for approximately ten acquisitions.

Post-acquisition, NDT Services’ 20 members of staff will join RSK’s geosciences and engineering division, alongside CWA’s 39-strong team, headed up by divisional director George Tuckwell. This brings the group’s overall team to 2,300 members across 85 offices.

John Hunt, Director at KBS Corporate Finance, advised our clients at NDT Services.

Assent Building Control Limited

Assent Building Control Limited has been acquired by Alpina Partners Limited, in a deal advised by KBS Corporate.

Founded in 2005, West Yorkshire-based Assent has grown into one of the UK’s leading building control bodies and has developed a reputation and service second to none.

With an expansive network throughout England and Wales, Assent is one of the most geographically comprehensive inspectors in the industry, with over 40 offices nationwide.

Assent enjoys an enviable client base comprising of numerous blue-chip organisations including architects, construction companies and end users – creating exposure across all property sectors.

Upon instructing KBS Corporate to find an acquirer that could help Assent to continue its growth, whilst also allowing our clients to realise some of the value within Assent, it was quickly determined that a private equity buyer could best match our clients’ objectives – a route they hadn’t previously considered.

Following a competitive bidding process involving several Private Equity firms from both the UK and overseas, Alpina Partners presented a deal that best suited our clients and the company.

Based out of London and Munich, Alpina is a long-term investor, focusing on sustainable value creation and supporting management teams, at board level. Alpina has over €300m in assets under management.

On instructing KBS to find a buyer, Assent hadn’t considered a private equity deal until we highlighted both the long and short term benefits for both the company and their employees. The deal with Alpina allowed our clients to retain a 23% stake within the business, offering them an even larger potential future realisation.

The final deal value between Assent and Alpina will represent a 200% uplift from our clients’ initial value expectations.

Richard Batte, Shareholding Director at Assent, commented, “With Alpina we found the right partner to implement the envisaged growth strategy for our business. We were convinced by the level of professionalism and reliability throughout the transaction process as well as the understanding of our business. We look forward to working together with our partners at Alpina.”

First Base Communications Limited

First Base Communications Limited has been acquired by Digital Unlimited Group Ltd, in a deal completed by KBS Corporate.

First Base Communications Limited (“First Base”) are a dynamic, exciting B2B lead generation marketing agency based in London.

The company offer a wide range of services which include, precision strategy, full-service demand generation, inbound prospect acquisition, social media and engagement services.

Having built up a strong reputation and extensive client list, the shareholders of First Base came to the market looking to sell the company, or controlling interest, to a larger organisation that would enable growth and diversification.

Following the extensive research process of KBS Corporate, 75 interested parties came forward, which pays testament to the success and appeal of First Base as a business. The interest was mostly from trade buyers within the marketing and PR sector.

Ultimately, an offer was agreed with Digital Unlimited Group Ltd, an agency network based in London, who will be able to expand its current B2B and technology offering through the acquisition.

Fabio Rambelli, Corporate Deal Executive, advised on the deal and commented: “I have enjoyed working on this deal, and feel that the acquisition will be of huge benefit to First Base and its staff, who will experience both the growth and benefit of being part of a much larger organisation. I wish both parties well going forward.”

Inspired By Technology Limited

Inspired By Technology Limited has been acquired by Cloudstream Technology Ltd in a completion which KBS Corporate advised upon.

Operating from its base in Scotland, Inspired By Technology is a technology solutions and consultancy provider offering a comprehensive range of technology and telephony services.

Established in 2005 under the name Reston Consulting Limited, the company has since developed a potent reputation within its industry for the provision of services including proactive maintenance, server monitoring, helpdesk support, email hosting and GDPR compliance. It also provides an extensive range of hardware solutions such as laptop rental and the supply of computer peripherals.

During its trading history, the business met the high-quality standard of criteria necessary for the following partnerships: Microsoft Silver Partner, Avast Business Silver Partner, Cisco Meraki Partners and Purple WiFi Partners.

Our clients, Kenny and Jacquie Walker, the shareholders of Inspired By Technology, stated a desire to leave the business in order to allow the company to reach its full growth potential. KBS Corporate was instructed to fulfil their hopes of finding a suitable trade buyer with plenty of sector knowledge and the capability to ensure growth.

A research strategy was put in motion attracting several interested parties, predominantly UK-based trade buyers, resulting in a deal agreed with Ian Maclellan of Cloudstream Technology, a serial acquirer of IT and related companies in Scotland.

Fife-based Cloudstream Technology is a technology partner which has managed clients’ IT, web, software and communication services for almost twenty years.

Post-acquisition, Kenny will remain in a permanent role at Inspired By Technology, working alongside the new owner.

Fabio Rambelli, Deal Executive at KBS Corporate advised our clients during the acquisition process.

Wideblue Limited

KBS Corporate has successfully advised on the sale of a 75% majority stake in Wideblue Limited to Pivot International, Inc.

Formerly a division of Polaroid, Glasgow-based Wideblue operates as a multi-disciplinary product design and development consultant. With particular knowledge of Photonics, Imaging and Optical Systems, the company has built a robust reputation on the back of almost 20 years’ experience within its industry.

During this period, Wideblue became accredited to ISO 9001 and ISO 13485, in addition to undertaking several Technology Strategy Board projects and winning two platinum European Product Design Awards for the Peek Retina mobile phone opthalmoscope.

The shareholders of the business, Grant King and Russell Overend, offered Wideblue for sale due to their retirement plans. Upon instructing KBS Corporate to provide advisory services, companies operating within the industrial design and product design industries were targeted as potential acquirers, which lead to an influx of interest with circa twenty parties registering their interest.

An eventual deal was agreed with US-based Pivot International, a product design, development, and manufacturing firm located in Lenexa, Kansas. Operating on a global scale, the company specialises in software development, electrical engineering, mechanical engineering, and industrial design.

Pivot International sought to acquire Wideblue as the acquisition facilitated its plans to expand on its geographical reach, by taking advantage of a well-established business already operating within the UK.

Grant has sold the entirety of his shares, allowing him to fully retire, whilst Russell has retained a 25% stake in Wideblue post-acquisition.

Deal Executive Oliver Thompson advised our clients on the deal.

Fire Bright Solutions Ltd

Fire Bright Solutions, a fire safety solutions provider, has been acquired by JLA Ltd, in a deal completed in seven weeks by KBS Corporate.

Fire Bright, established in 2003, offer a wide range of services which include the installation and system design of fire alarm systems, AOVs, emergency lighting and portable extinguishers, to customers throughout the UK.

Based in Cheshire, the company has long-standing relationships with customers due to the high quality of their work, and is a BAFE SP203 accredited Fire Safety System specialist.

The shareholders at Fire Bright were looking at a gradual retirement plan, but also wanted to ensure the business continued to grow. Therefore, a deal was needed which would see the momentum building at Fire Bright Solutions continue.

Following KBS Corporate’s extensive research strategy, 28 interested parties signed NDAs. The interest in Fire Bright Solutions was initially varied, with 23 trade buyers expressing interest.

It became clear that JLA Ltd were the ideal acquirers for Fire Bright Solutions, as a commercial laundry, catering and heating solutions company, they are regarded as market leaders, with substantial contracts with university accommodation companies, care homes and hotels.

JLA are interested in diversifying their product offering to include Fire Safety, which makes Fire Bright an excellent asset to them. The acquisition also allows for an element of geographical expansion, as Yorkshire-based JLA will be able to harness Fire Bright’s reputation across Greater Manchester, without the distance being unfeasible.

As self-proclaimed innovators, JLA certainly have the tenacity and experience to not only continue the success of Fire Bright, but also develop it further.

Matthew Sibley of KBS Corporate advised on the deal, and commented: “I have enjoyed working with both the client and buyer, who have demonstrated their intellect and experience throughout. I wish both parties well in the future and believe the deal will be successful going forward.”

Gorgeous Gourmets Limited t/a Gorgeous Hire

Catering equipment hire company Gorgeous Gourmets Limited has successfully been acquired in a Management Buyout deal, which KBS Corporate provided consultancy on.

Located in South West London, Gorgeous Gourmets, trading under the name Gorgeous Hire, is a provider of a range of catering equipment to the hospitality and education industries, as well as caterers and private clients.

Founded in 1982, the business has created an impressive reputation within its industry and is a member of the Event Hire Association and a SafeHire Certified Company.

The company’s sole shareholder, Jonathan Hooper, was preparing an exit strategy in line with his retirement plans and sought the expertise of KBS Corporate to fulfil these wishes. A targeted research process was implemented, specifically focussed on trade buyers such as catering equipment suppliers, hospitality specialists and event management providers.

Over ten parties signed NDAs, expressing potential interest in the acquisition. In addition to trade buyers, private individuals, who had previous backgrounds in the catering industry, also came forward.

Ultimately, Peter Martin, who has worked for the company for several years, was eager to remain within the company and took advantage of the opportunity to become the owner of a well-established business via a Management Buyout.

Post-acquisition, Jonathan’s retirement plans have been met and he retains ownership of the freehold property, from which the company operates.

Deal Executive Julie Doyle advised the vendor and commented: “It has been a pleasure working with Jonathan to achieve a successful exit solution. I wish Jonathan, Peter and Gorgeous Hire all the very best for the future.”

Emailcenter UK Ltd

KBS Corporate has successfully advised on the acquisition of Emailcenter UK Ltd to Xtremepush Limited in a multi-million-pound deal.

Established in 1999, Emailcenter UK is a leading email marketing service provider, currently working with over 400 brands in the UK, including well-known businesses such as Hungry House, Onthebeach.co.uk, Go Compare and ASOS.

The shareholders had a clear exit strategy in place and instructed KBS Corporate with the confidence that it could fulfil their differing objectives. This required a deal which would allow the founder and Managing Director Nigel Williams to retire, whilst retaining Technical Director Jason McSweeney in the business to help drive future growth.

KBS Corporate deployed a robust buyer targeting campaign and received multiple interest for the opportunity, resulting in three serious offers coming from two overseas buyers and a private equity firm.

The private equity company was the first to place an offer and multiple rounds of bidding ensued thereafter, resulting in an uplift on the first offer received.

An eventual deal was agreed with Dublin-based company, Xtremepush, one of the world’s leading Multi-Channel Analytics and Engagement Marketing Platform providers.

The deal is the company’s first acquisition and marks the start of an acquisitive trail, in which the company will look to further grow in the future from acquisition.

The buyer acquired the business to take advantage of the synergies the companies share and to benefit from the vendor’s extensive client base and industry expertise. The deal also gives the acquirer the opportunity to expand into the UK by taking advantage of Emailcenter UK’s geographical reach.

KBS Corporate’s Chief Financial Officer, Andrew Melbourne, advised on the deal and commented, “I am delighted with this transaction as it represents a great deal for both parties. The opportunity received interest from multiple overseas buyers and from private equity, leading to an ideal exit solution for both of my clients who had two very different requirements from the process. For the buyer, this also represents a solid footprint into the UK, and I am confident this will be a good start to their buy and build strategy.

“All of this, added to the strong relationships formed between both parties over the due diligence period, should pave the way for an exciting future, and I wish everyone involved with this transaction all the success they deserve.”

Renaissance Retirement Limited

PegasusLife Limited has acquired Renaissance Retirement Limited, instantly doubling its portfolio of developments to more than 70.

Established in the late 1990s, Hampshire-based Renaissance Retirement is a leading retirement property developer, facilitating luxury independent living for the 55+ retirement market.

The shareholders of Renaissance Retirement approached KBS Corporate Finance as they wanted to find the ideal partner to continue, and accelerate, the development of the Group. Such a partner had to share a common vision for the future of the business and have the financial strength to match the directors’ ambitions.

KBS Corporate Finance established a proactive research process on a global basis which resulted in 18 expressions of interest, leading to an eventual deal being agreed with PegasusLife, a well-established luxury retirement housebuilder, backed by Oaktree Capital and AIG. Oaktree allocated an equity pool of up to £300m, which has been significantly enhanced by a £450m debt facility provided by AIG.

PegasusLife is currently seeking to acquire 100 sites over the next 5 years, particularly in the regions of, but not exclusive to, Central and Greater London, The South East and South West, West Midlands, Essex and Hertfordshire.

The deal was agreed as part of the acquirer’s growth plans, founded on the obvious synergies shared between the two companies. Both Renaissance Retirement and PegasusLife have thrived on creating and maintaining high-quality properties, whilst preserving an ethos of opulence, convenience and security for the contemporary older generation.

Chairman of Renaissance Retirement, Christopher Goddard, said: “We are very excited by this opportunity. The new enlarged PegasusLife Group is well positioned to address the chronic shortage in quality retirement homes throughout the UK.

“The continued supply and demand imbalance in this sector presents a huge growth opportunity for the Group going forward.”

Howard Phillips, Chief Executive Officer of PegasusLife, added: “The UK is still not building anywhere near the number of properties needed for our ageing population. Twenty-two million people – a third of the UK population – are now over 50 so the demand will continue to grow.

“We set out on a mission in 2013 to transform the retirement property market with a high-quality product and a transparent operating model. Adding Renaissance, a leading brand with similar values to the Group allows us to further enhance our product offer, geographical reach, as well as offer an even wider range of price points.”

With a projected turnover of £500 million by 2021, the new PegasusLife Group is set to become one of the biggest retirement developers in the UK.

Combined, the two companies have a joint gross development value of £1.7 billion, positioning the new group as one of the fastest growing retirement housing specialists in the UK. Both businesses will continue to operate under their existing management structures and head offices.

KBS Corporate Finance’s Managing Director, Julian Coy, advised Renaissance Retirement’s shareholders on the sale. He commented, “despite speaking to potential Private Equity investors and trade buyers from the USA, Asia and Europe, it soon became apparent that Pegasus Life were the perfect fit. The Retirement sector has some interesting demographics particularly at the luxury end and the two businesses are ideally placed to capitalise on this market opportunity.”

Accredo Support and Development Limited

In a multi-million-pound deal, Blackstone Capital Partners Limited’s care and support acquisition arm, BCP Supported Housing Limited, has acquired Accredo Support and Development Limited.

Midlands-based Accredo Support and Development is a specialist provider of a variety of support and social cares services including supported living, outreach support, domiciliary care and alternatives to day services. With 15 years in the industry, the company has a well-established reputation and a wealth of experience, particularly in delivering support for those with an autistic spectrum disorder.

The shareholders of the company instructed KBS Corporate, as they were looking to exit the business in order to make way for a new owner with a refreshed approach. Prior to acquisition, the shareholders stated their availability to remain within the business for a short period of time to transfer their knowledge to a new owner and ensure a smooth transition. Post-acquisition, Kevin Webb has stayed on at Accredo Support and Development in a permanent role.

KBS Corporate engaged in an extensive research process targeting a number of buyer types including trade and investment firms. The response was positive and a mixture of both trade and private buyers expressed their interest in the company, with around 20 NDAs completed. The trade buyers were keen to take advantage of synergies, whilst investors looked to expand their existing portfolios.

An offer was accepted from global private equity firm, Blackstone Capital Partners, through its acquisition arm, BCP Supported Housing. Blackstone is one of the world’s leading investment firms, offering private equity, real estate, hedge fund solutions and credit investment. As of June 2017, the firm had over $370bn worth of assets under management and employed over 511,000 people within its portfolio companies.

BCP Supported Housing is a specialist investment boutique formed to complement and enhance the supported living market in the UK.

Corporate Director, Andrew Dodd, of KBS Corporate consulted on the deal, and commented, “The acquisition of Accredo to Blackstone Capital Partners signifies the prominence of overseas and private equity interest for UK companies, in a deal that significantly exceeded our clients’ expectations. I am certain that Accredo will continue to grow under the direction of Blackstone, a globally renowned and experienced investment firm, and I wish all involved the very best going forward.”

Fascia Graphics Limited

CCL Industries Inc. has acquired Fascia Graphics Limited, a designer, manufacturer and supplier of industrial graphics. Formed in 1994 by the current owners, the company has developed an excellent reputation within the sector, having firmly secured many long-standing relationships with clients.

Fascia Graphics turns over around £4m, with an adjusted EBITDA of circa £1m, by providing products including membrane keypads and membrane switches, graphic overlays, labels, nameplates, domed emblems and liquid graphics. The company also offers a number of complementary services, including colour matching, prototyping and testing, to ensure the highest quality of product is supplied to the client.

The shareholders of Fascia Graphics, Paul Bennett and Ernie Griffin, decided to exit the company in order to plan for retirement. Whilst Ernie Griffin will exit the company after a short handover, Paul Bennett has decided to remain within the company in order to ease the transition period and ensure ‘business as usual’.

KBS Corporate advised the Sellers on this transaction and identified CCL Industries Inc. as a potential acquirer. CCL Industries is listed on the Canadian stock exchange and is the world’s largest label maker. It had revenues of 4 billion Canadian dollars in 2016 and employs 20,000 staff worldwide. Amongst its previous acquisitions is the well-known UK label company Avery.

The final sale value, exclusive of surplus cash and the business premises, was £5m.

The acquisition was highly beneficial for both parties. With CCL operating as a leading industry figure, the deal both provided Fascia with a clear platform for future growth and development and met the differing requirements of both shareholders. Likewise, the transaction will allow CCL to diversify its service offering and gain some of Fascia’s niche specialities, alongside providing the company with the opportunity to relocate some of its UK operations to Fascia’s premises.

On the deal, Geoffrey T Martin, CCL’s president and CEO, said: “Both culturally and operationally, CCL and Fascia Graphics are a very good fit, and CCL’s reputation for manufacturing high-quality products, will ensure that Fascia’s customers continue to receive the highest quality products and production standards in the UK’s printed graphics industry.

“The new business will trade as CCL Design on close and bring expertise in printed electronics to our product lines.”

Paul Bennett, Managing Director of Fascia Graphics, commented: “Our customers will also continue to benefit from CCL’s commitment to our continuous improvement programme, which has resulted in our business making the most significant investments in innovative technology in the industry.

“The success of this programme is just part of the reason we’ve been able to manufacture a high-quality product with rapid turnaround times, at a competitive price.”

Guy Haynes of KBS Corporate advised on the deal through to completion and commented, “It was clear from a very early stage that there was a strong commercial and cultural fit, and despite interest from other parties, CCL were prepared to move quickly and decisively to enable this transaction to happen. Fascia Graphics is a well-run, innovative and growing company and it has been a pleasure to assist Ernie Griffin and Paul Bennett in achieving their aims via this transaction.”

Throughout the process, Guy maintained a strong rapport with the shareholders of Fascia Graphics, with Paul Bennett praising Guy on his “fine work and assistance in the sale of Fascia Graphics. All the way through the process you made what could sometimes be a scary experience seem straight forward.”

Gateley plc provided legal advice to the Sellers, while the buyers’ Due Diligence and legal process was conducted internally.

International Graphic Press Ltd

International Graphic Press Ltd has been acquired by Mercury Publicity, in a deal which was advised by KBS Corporate.

International Graphic Press (IGP) act as the exclusive UK representative for leading publishers of top consumer and trade magazines, newspapers and digital media across Europe and China. IGP represent a number of leading print titles, along with online media, across various sectors including fashion, music and technology.

The acquirers are also active in this niche sector, as the leading independent international media representative. Based in London, Mercury Publicity represent publishers across Europe, alongside providing advertising solutions to clients. Their extensive and loyal list of clients includes Nike, Epson, Tiffany & Co and Acer, which highlights the quality of their work.

For the buyer, the opportunity to acquire IGP opens new opportunities, a potential list of new, secure clients, increased resources and staff expertise.

Initially, KBS began the research process by advertising to trade buyers. However, the most promising interest came from Mercury Publicity, another key operator within the industry, which will help to form a good working relationship between the two companies going forward.

The successful deal helps to prepare the IGP shareholder for retirement, whilst the partnership could also generate significant growth and expansion opportunities.

Another important condition of the sale was the safeguarding and protection of the current employees in place, and so it was important to KBS Corporate that this was upheld, to satisfy both parties and protect the employees.

Matthew Sibley, Corporate Deal Executive, advised on the deal and welcomed the opportunity to advise and assist his client throughout the entirety of the sale. Both parties are happy with the result and prospects going forward, and we wish them well for the future.

Coaching For Change Ltd

KBS Corporate has successfully advised on the acquisition of Coaching For Change Ltd to GLD Management Ltd.

Founded in 2006, Coaching For Change is a management consultancy focused on developing its clients’ internal capability to deliver sustainable business improvement and change.

Since inception, the company has gained recognition as an approved centre with the Institute of Leadership and Management, the UK’s largest awarding body for leadership and management qualifications, and the Chartered Management Institute, an accredited professional institution for management.

After presenting the opportunity to acquire Coaching For Change to a number of buyer types, KBS Corporate was able to successfully finalise a deal with Doncaster-based GLD management. The acquirer was seeking a company to bolt on to its existing service offering and was impressed with Coaching For Change’s ongoing order book.

Established and run by management consultant Grant Bowman, GLD Management is an international business consultancy which provides specialist advice and guidance to SMEs. Its core operations include the mentoring and teaching of both individuals and teams, strategic marketing and business development.

During the acquisition process, the shareholders of both companies established a strong relationship, which will see them working in partnership going forward, as Coaching For Change’s Lee Kemp provides a handover period for approximately 18 months.

Oliver Thompson, Deal Executive at KBS Corporate, advised on the deal and commented, ““I am pleased to have enabled the directors at Coaching For Change to secure a sale and would like to thank both parties for their close cooperation during the process. I wish Lee and Grant all the best for the future”

MK Scales Limited

MK Scales Limited has been acquired by S J Electronics Ltd in a deal completed by KBS Corporate.

For over 30 years, MK Scales has been trading in the weighing machine industry, providing a wide range of scales including counting scales, crane scales and laboratory balances.

After a significant period operating in the sector, the shareholders of MK Scales were motivated to exit the business to pursue other business interests, and subsequently entrusted KBS Corporate with the task of sourcing a suitable buyer.

In order to fulfil the shareholder’s objectives, KBS Corporate conducted a thorough research process targeting a range of buyer types. Around 15 parties expressed an interest in the company, predominantly of a trade nature as opposed to private equity, with 3 formal offers received.

Established for a similar length of time as MK Scales, the eventual acquirer, S J Electronics, is a specialist technical provider of electronic and electrical test and measurement equipment, in addition to electrical, temperature and pressure calibration systems.

S J Electronics’ motivations to acquire MK Scales centred around its strategy to diversify its service offering and further grow as a result.

Associate Corporate Director at KBS Corporate, Tom Eatough advised on the deal and said, “I am really pleased that we managed to reach a successful conclusion on this transaction. The marketing and research process provided a number of different options for the seller, but ultimately S J Electronics were the most suited acquirer.

“MK Scales has a fantastic reputation in the scales sector, so I am sure the acquisition will be a great success. I would like to wish Mark and the buyers all the best for the future.”

John Unwin (Electrical Contractors) Limited

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.”

LEDZ Lighting Science Limited

Coughtrie International Limited has acquired the stock and assets of LEDZ Lighting Science Limited, a Glasgow-based manufacturer and designer of LED lighting solutions. Established in 2012, LEDZ provides innovative lighting solutions to clients through the use of well-engineered product design and up-to-date LED technology.

Products include downlights and recessed lights, LED furniture lighting, outdoor lighting, surface mounted lighting, lamps, dimming and lighting control components, and LED controllers and amplifiers.

When presenting LEDZ to market, KBS Corporate received responses from circa 10 interested parties, who then signed NDAs to learn about the business. Negotiations commenced and an offer from Coughtrie was negotiated with the owners, a buyer also operating within the lighting solutions manufacture in Glasgow.

Matthew Sibley of KBS Corporate advised on the deal.

Anglia IT Solutions Limited

Anglia IT Solutions Limited, a B2B managed IT services company, has been acquired by Remote Software Solutions Limited.

Providing hardware and software support to clients across a variety of UK sectors, Anglia IT has developed an excellent reputation in its field. In 2016, the company was recognised for its industry leading services, and was awarded the title of an Archant and Norwich Enterprise (NWES) “Future 50” company. From here, the company relocated into new, state of the art premises in King’s Lynn, provided specifically for “Future 50” companies.

From the initial meeting with the shareholders of Anglia IT, KBS Corporate acknowledged that the company displayed significant growth potential, and set out to find a buyer that would be able to facilitate this, and work with the current team to help increase Anglia IT’s revenue and push the company to new heights.

Remote Software Solutions (RSS), the acquirer of Anglia IT, is a dynamic consulting, infrastructure and software support business, delivering quality products and services to clients globally from its head office in London, and offices in Goa and Mumbai, India.

RSS acquired Anglia IT as part of a strategic ‘buy and build’ process, in which the company hopes to make a number of other acquisitions within the managed IT and software support sector as a way of increasing market share.

The structure of the deal ensured that the shareholders of Anglia IT could exit the business financially whilst remaining within the business for a short period of time on a consultancy basis.

Fabio Rambelli provided advice to our clients at Anglia IT and commented, “Anglia IT will be in good hands under the new leadership of Remote Software Solutions, and I am confident that the company will maintain its good standing in the sector and that Anglia’s client base and staff will be well looked after post-completion. I wish all parties the best of luck with their future endeavours.”

First Byte Micro Limited

First Byte Micro Limited has been acquired by APC Technology Group plc in a deal completed by KBS Corporate.

As a franchised and independent stocking distributor of electronic components, First Byte Micro is effectively the UK co-operation partner of Glyn GmbH, a major, franchised, pan-European distributor with a turnover of circa €100m.

Having been in operation for over 28 years, the shareholders made the decision to sell First Byte Micro in order to pursue differing interests. Whilst one shareholder hoped to exit in order to prepare for retirement, the other planned to remain within the company post-sale and join forces with a highly regarded, large-scale acquirer.

In order to fulfil these requirements, KBS Corporate engaged in a robust, and wide-reaching research strategy which saw buyers from throughout the UK contacted. A number of offers were presented, leading to a deal being negotiated and agreed with APC within 8 months of the company coming to market.

As an experienced, AIM-listed company operating within the same sector, APC provided a platform for First Byte Micro to grow and develop, and offered deal terms which met the differing requirements of both shareholders.

APC’s motivations to acquire First Byte Micro centred around its strategy to increase market share and gain a synergy business for its brand, APC Locator, a provider of obsolete and allocated electronic components.

Matt Sibley, of KBS Corporate, advised on the deal and said “I am really pleased with the outcome of this deal both for our clients at First Byte Micro and for the owners of APC, and I am confident that First Byte Micro will be able to benefit from APC’s exceptional, industry leading platform. I wish both parties a smooth transition period and all the best in the future.”

Trouvaille Trading Limited t/a Teamwork Services

Trouvaille Trading Limited, which trades as Teamwork Services, has been acquired for an undisclosed sum by Blissful Care Limited, otherwise known as Blissful Healthcare.

Teamwork Services is a specialist recruitment agency, centred around the placement of healthcare assistants for nursing and care homes. Operating along the South Coast of England, which geographically features the highest concentration of nursing homes in the UK, the company has established a strong presence within its sector and benefits from repeat and referral custom.

Having developed the business for almost 20 years, the sole shareholder of Teamwork Services wished to sell in order to pursue other business ventures. With our client hoping to exit the business swiftly, KBS Corporate pursued a robust, in-depth buyer targeting process in order to accelerate a deal.

Within only a few weeks of the business coming to market, KBS Corporate had arranged multiple buyer meetings which led to an offer from Blissful Healthcare, a recruitment firm providing services to a wide variety of clients within the healthcare sector.

A deal with Blissful Healthcare quickly progressed and was completed within six months of Teamwork Services originally contacting KBS Corporate. The fast moving nature of the sale ultimately fulfilled the requirements of our client, who was able to exit the company financially, whilst remaining working within the business for a short period of time to assist with the transition.

Sonia Cottrell, Deal Executive at KBS Corporate, provided advice to the shareholders of Teamwork Services and commented “I am really pleased for the outcome of this deal. Not only did both parties develop a strong, professional relationship, but the deal also allowed our client to exit within a short timescale. I wish both our client and the team at Blissful Healthcare all the best going forward.”

NMK Ventures Limited t/a Co-Eng Limited

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”.

Uniq Systems Limited

KBS Corporate has successfully completed the acquisition of Uniq Systems Limited, a Sage support specialist located in Woodley, Berkshire.

Established in 1991, Uniq has grown over the years to become a fully-accredited Sage Developer and Strategic Partner. Uniq’s vast array of experience and expertise enables the company to provide a multitude of services for various business software solutions, including Sage 200 Suite, Sage 50c, Sage CRM, Construction (EQUE2), Sage Add-ons, and Sage Payroll.

Following a widespread research process conducted by KBS Corporate, five meetings with interested parties were conducted. From here, a deal was agreed with Smith Cooper System Partners Limited, a leading provider of Sage software in the Midlands.

Smith Cooper’s acquisition of Uniq forms part of a strategic move by the company to expand and support growth in the London and Southern regions. With Uniq located only two minutes away from Sage UK’s office in Winnersh, the acquisition will undoubtedly allow Smith Cooper to benefit from a number of geographical synergies.

Chris Smith, Managing Director of Smith Cooper, commented “We have been delighted by our rapid expansion in London and Southern regions, and the acquisition of Uniq is a fantastic addition to our operations in those territories.

“From the moment we met the Uniq team, we recognised a synergy in the way we believe all Sage Business Partners should work and all customers should be treated. I am thrilled that Graham and Dawn [of Uniq] chose Smith Cooper as the company best placed to move their business ahead into a new era, whist safeguarding the quality of service that their clients currently enjoy.”

Graham Bayly, Managing Director and exiting shareholder of Uniq, said “We are immensely proud of our history as a quality Sage 200 support partner and have worked very hard over the years to achieve our reputation today. Both Dawn and I value the service we provide to our clients above all else and are very confident that Smith Cooper will not only retain our level of service but actually improve it with new product offerings and an expanded team.

“We believe that this is a fantastic development for our customers, suppliers and staff, and we look forward to a prosperous new year as part of Smith Cooper.”

Matthew Sibley, Deal Executive at KBS Corporate provided advice through to completion and commented, “This was an incredibly smooth transaction which progressed very quickly, due to the organised and efficient nature of both parties. Throughout the deal, our clients at Uniq and the management of Smith Cooper developed a strong, professional relationship which I believe was integral to the success of the deal. I wish both parties all the best in their future endeavours.”

Construction Training Specialists Limited

KBS Corporate has advised on the acquisition of Construction Training Specialists Limited (CTS), a provider of construction training services in the Norwich area.

The company’s training courses and apprenticeships fall into disciplines such as brickwork, carpentry, plastering, plumbing, scaffolding and tiling. Courses are delivered at a range of levels from introductory through to advanced diploma and supervisory/management.

CTS was acquired by Peterborough Regional College (PRC) as part of a growth and development plan. According to PRC, the acquisition further increases the College’s ability to effectively respond to the growing skill requirements of the construction sector and strategically extends its reach across the region.

Terry Jones, Principal and CEO of PRC, said “This acquisition has not only extended the geographic reach of PRC, but will enable us to use a combined expertise to deliver an all-in-one solution to our customers and students.

“The CTS team have been positive and welcoming, ensuring the transition has been seamless and customer focused. We have big plans for PRC both locally and nationally, and we look forward to creating a brighter future together with CTS.”

Dennis Pollard, Director of CTS, said “We are delighted to become part of the PRC Group. The acquisition puts our organisation at the forefront of delivery for the new apprenticeship standards in the construction sector, and puts in place the infrastructure for growth that is required for us to become the premier construction training centre in the Eastern region and beyond.

“We are excited to be in a position to secure the long term future in our training and end point assessment services, alongside delivering interesting new courses developed by construction employers.”

The New Window Company Limited

KBS Corporate has advised on the acquisition of The New Window Company, a supplier and installer of contemporary and period windows and doors.

The business, which operates out of historic offices and large showroom facilities in Caythorpe, Lincolnshire, was acquired in a BIMBO led by Roy Wakeman OBE, a leading industry figure head.

Since being formed in 1995 by Darren and Tracey Elmes, The New Window Company has grown into the leading provider of windows and doors in the East Midlands with installations in Lincolnshire, Rutland, Nottinghamshire, and Leicestershire.

The products offered suit contempory, traditional and historic buildings and all carry extensive warranties and performance certification. All materials can be specified and the Company is proud to be the appointed installer and distributor for Timberwindows.com and Evolution uPVC products in the immediate area, and can also offer other leading brands, including Roseview, Rehau and Endurance.

The acquirer, Roy Wakeman OBE, is a leading figure and driving force in the timber and joinery industry. Currently Non-executive Chairman of Performance Timber Products Group Limited (PTP), Roy has been appointed as President of the BWF (British Woodworking Federation) three times in his career (1987, 2001, 2013), and has received numerous other industry awards and accreditations.

Over the years, Roy has also grown many well-known brands and businesses in the joinery manufacturing arena including Sarek Joinery (with sales of £30m) and The Leaderflush Shapland brand of Doors (with sales of £40m). Roy’s wealth of experience, clear industry expertise and strong capability of taking the business to the next level made him the ideal acquirer of The New Window Company.

Roy Wakeman said, “I am delighted to be able to help this great business continue its remarkable growth and look forward to working with all the staff who have helped the Company gain such a renowned reputation.”

Darren Elmes commented, “Both Tracey and I have enjoyed building the business over the past 21 years and are really pleased to see it transfer to Roy and his team. We wish them every success.”

Matthew Sibley, Deal Executive at KBS Corporate, advised on the deal.

Elliott Environmental Services Limited

KBS Corporate has successfully completed the acquisition of Elliott Environmental Services Limited (EES), a highly regarded provider of heating, ventilation and air conditioning systems (HVAC).

The company’s core service offering is centred around the supply and installation of a range of HVAC equipment. EES also offers servicing and maintenance to clients that have purchased equipment previously, contributing to a small portion of the company’s turnover.

Since being established in 2003, EES has secured a status as a regional leader within the sector, and has achieved numerous accreditations and memberships over the years, including becoming OFTEC registered, and being awarded the F-Gas, Gas Safe, SafeContractor certificates, to name a few.

The shareholders of EES decided to sell their shares in order release some equity and plan for retirement, and instructed the services of KBS Corporate in order to do so. The shareholders expressed a desire to pass the company into the hands of a trade buyer that would be able to provide a refreshing approach to the business coupled with industry expertise. In order to deliver this, KBS Corporate created a research strategy which targeted mainly trade buyers, through use of our marketing portals, professional network, and an industry specific list of potential buyers.

After circa 10 NDAs were received from interested parties, and a number of offers were received, a deal was negotiated with the eventual buyer, Lloyd Crisp, of Crisp Group Holdings Limited.

Having worked internationally as a Chief Executive, Managing Director and Financial Director within the fabrication, engineering and petrochemical markets, Mr Crisp is highly experienced in the industrial sector.

Fabio Rambelli, Deal Executive at KBS Corporate, advised on the deal and said, “I personally believe that EES, its staff and clients will be in excellent hands moving forward and as a result, the business has a great future ahead. I wish the best to all involved.”

Kerrco Automation Limited

KBS Corporate has advised on the acquisition of Glasgow-based Kerrco Automation Limited to Novotek AB, a Swedish PLC and provider of industrial IT and automation solutions. The transaction was announced to the Stockholm Stock Exchange following completion.

Kerrco also operates within the IT automation sector, providing complete hardware and software solutions to clients, alongside supplying a wide range of products to drive improvements and sustainability with client applications.

Kerrco’s operations are mainly conducted in the UK and Ireland and are very similar to Novotek’s activities in Sweden. With this in mind, Novotek’s acquisition of Kerrco is expected to significantly expand the Group’s operations in the UK, and provide a strong platform for Kerrco to grow.

With Novotek having already worked within Internet of Things (IoT) and cybersecurity, Kerrco will be able to increase the pace of its development in these areas and re-model to become a key player in the UK markets.

George Walker, CEO of Kerrco, commented, “IoT and digitization are areas that are still in focus in the UK, and we see great opportunities alongside Novotek to accelerate development in these markets.” George will remain as part of the Group’s management team post-acquisition.

Tobias Antius, CEO of Novotek, commented “George has done a great job of building Kerrco and his competency and leadership is something that will benefit the entire Novotek group.”

Post-acquisition, Kerrco’s product portfolio will be unaffected and the company will have the opportunity to integrate some of Novotek’s existing supplier relationships into its operations. In addition, the Group’s name will be changed to Novotek UK & Ireland Limited.

Guy Haynes, Corporate Director, advised on the deal on behalf of KBS Corporate. The shareholders of Kerrco also received legal advice from David Deane of BKF & Co, while the team at Novotek were advised in the UK by Mazars and Burness Paull.

Falcon Self Drive Limited

Falcon Self Drive Limited (otherwise known as Falcon Vehicle Solutions), a national provider of vehicle hire services for commercial and private clients, has been acquired by Ballyvesey Holdings.

With a fleet of approximately 700 vehicles in operation, Falcon Vehicle Solutions is particularly prominent amongst clients across the South West of England, having developed an excellent reputation within the vehicle hire sector in the region.

Having built up the company over the course of 25 years, the shareholders of Falcon Vehicle Solutions decided to offer the company for sale in order to pursue alternative, unrelated ventures.

Established in 1970, Ballyvesey Holdings is a privately owned group based in Northern Ireland, whose main activities centre around road transport, trailer manufacturing and vehicle sale and rental.

Its acquisition of Falcon Vehicle Solutions will allow for substantial growth prospects, alongside potential for further consolidation of the vehicle and transport market. With subsidiaries already strategically located throughout the UK and Europe, Ballyvesey’s acquisition of Falcon Vehicle Solutions further strengthens its industry leading position, and will undoubtedly make way for new opportunities going forward.

Tom Eatough advised on the deal, and commented, “This was a hugely successful outcome for both parties, and I am sure that the acquisition of Falcon will further enhance Ballyvesey’s portfolio and make way for numerous synergies.

“Ballyvesey’s experience and reputation within the industry will undoubtedly provide Falcon with a platform and resource for future growth, expansion and operational success. I wish them all the best going forward.”

Euro SDB Limited

KBS Corporate has advised upon the successful acquisition of Euro SDB Limited to EFS Logistics Limited, otherwise known as EFS.Global.

Euro SDB is a logistics operation which transfers general and palletised freight across the UK on a daily basis. The business was established in 2007 by three industry professionals, having gained over 20 years of experience within the logistics industry.

The shareholders of Euro SDB decided to sell their shares in order pass the company into the hands of a new owner, and expressed a desire to sell to highly experienced trade buyer that could potentially incorporate Euro SDB into a wider group. Circa 10 parties expressed an interest in the opportunity, and after numerous discussions with other parties, a deal was eventually finalised with EFS Global.

Since 1996, EFS.Global has operated as a leading provider of freight and road haulage services. In recent years, EFS has engaged in a strategic acquisition programme, having previously acquired a number of other companies within the logistics sector including 747 Express Freight, Refrigerated Transport Services, Logictrans, Horizon Distribution, Euro Tran Despatch and one of KBS Corporate’s other clients, C.S. Brunt (Freight Services).

Mark Jones, managing director of EFS.Global, said: “This deal marks another exciting milestone in EFS.Global’s growth. Euro SDB is a much respected name in the marketplace and so is a perfect fit for our business. The acquisition will also enable us to expand our service offering even further.”

Matthew Sibley, Deal Executive at KBS Corporate, advised on the deal through to completion and commented, “The outcome of this deal benefitted both parties significantly; our clients at Euro SDB are able to exit the company with the reassurance that operations will continue as normal under the umbrella of a large group, and EFS is able to add another logistics business to its growing portfolio.

“EFS’s extensive experience of acquiring and building businesses within the logistics sector indicates that Euro SDB will be in safe hands. I wish our clients all the best in their future endeavours.”

Superbike Factory Limited

KBS Corporate Finance recently completed a deal involving our client, Superbike Factory Limited, and Livingbridge EP LLP, a UK mid-market private equity firm that has backed successful businesses for over twenty years.

Established in 2010 by entrepreneurs, Scott Behrens and James Watson, Superbike is the UK’s largest independent supplier of used motorbikes, and through offering bespoke financing options to customers, the company has emerged as the UK’s leading finance broker in the motorcycle market. Superbike employs 89 staff and operates its business both online and using a physical showroom located in Macclesfield, Cheshire.

Livingbridge’s investment in Superbike will support the company’s plans to accelerate growth through the opening of a new site in the South of England, increased marketing initiatives, more opportunities for staff and provision of added-value services for its loyal customers. The deal is being financed by Livingbridge’s Enterprise 2 Fund, which raised £220m when it opened in October 2015.

The transaction adds to Livingbridge’s portfolio of online-first businesses such as ticket aggregator, Direct Ferries, online car rental platform, Travel Jigsaw, and online-only fast fashion retailer, In The Style.