Completed Sales - KBS Corporate

We have an impressive history of achieving results for our clients. Our experienced professionals operate across most major sectors and have successfully advised on the completion of thousands of company sales. This rich history indicates our proven track record of working alongside the world’s leading acquirers and generating results for our clients.

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Completed Sale

VGI Management Ltd

KBS Corporate has helped Enzo Genco, Director of VGI Management (“VGI”), to fulfil his exit plans by overseeing the sale of his company to New Path Fire and Security.

Enzo praised the role of KBS and in particular Paul Liptrott, the KBS Corporate Deal Executive who coordinated the transaction, for his “calm and thoughtful approach” to the process.

An electrical, fire and security company which was founded in 1998 as VGI Security and now trades as VGI Solutions, the Surrey-based business has delivered its services to projects including London’s Olympic Park, O2 Arena and Terminal 5 at Heathrow Airport.

More recently, VGI has streamlined its offering to meet the requirements of property management firms, its specialisms including electrical and lighting installation, fire alarm systems and security gates.

Enzo received substantial interest in the company from potential acquirers, among which New Path Fire and Security (“New Path”) was the first to make an offer – which was duly accepted.

New Path is a group of independently operated companies which acquires well-established businesses from owners who are seeking to retire or change direction in life having built up brand recognition and reputation over many years.

“I needed an exit plan for myself in the next few years,” explained Enzo. “Selling to a large organisation will help take the business to another level.

“The outlook is very positive. We have become part of a group of companies which can assure our clients they are in competent hands. We can now also offer other services to our clients utilising other companies within the group.”

VGI was one of two companies acquired by Southampton-based New Path through KBS in the spring of 2024 – the other being Electrifire – supported by investment from Duke Capital.

Neil Johnson, Duke Capital’s Chief Executive, said: “We are excited to be supporting New Path via the acquisition of two new targets which complement its existing portfolio.

“These acquisitions will add further scale to New Path’s platform and create additional efficiency in the provision of services to its client base in London and the South of England.”

Paul Liptrott described the understandable reasons why VGI was an attractive proposition for New Path.

“The business has just achieved a record year, which helped Enzo achieve a great value for the company, while New Path has a strong interest in businesses which offer the services VGI provides within its location,” said Paul.

“Once I shared the marketing materials with New Path, they quickly realised they wished to proceed with the discussions.”

Paul was delighted with how smoothly the transaction progressed and the involvement of other key stakeholders in ensuring an outcome with which all parties were happy.

“Enzo was exceptional in communicating with myself in regard to his ambitions,” he said. “This meant the process went very smoothly. Particularly, it was helpful in negotiating with the buyer about the offer regarding the overall value and how things were structured. 

“Huge appreciation also for the efforts of Jai Singh of the Alston Asquith law firm. Jai was instrumental in mitigating against any issue the deal could encounter and ensuring everything was attended to in the soonest possible timescale. Jai went above and beyond to assist on this deal, and I shall very much look forward to working with him on further transactions.”

Within the KBS team, Paul praised Kirsty Poynton who “put together an exceptional Information Memorandum and teaser document which really illustrated the strengths of this opportunity”.

The final word must, of course, go to Enzo, who was delighted with the work put in by KBS to ensure his objectives became a reality.

Enzo praised the “very good communication and help from KBS” and added: “Paul was excellent throughout the sales process. He has a calm and thoughtful approach which always felt reassuring. I very much appreciated his help and support.”

acquired by

VGI Management Ltd
Sector: Fire and Security
Location: Surrey
Buyer: New Path

 

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Completed Sale

Crocodile Stores Ltd

Crocodile Stores has been sold to TransGlobal Freight Management in what Charles Needham, the KBS Corporate Transaction Adviser who oversaw the deal, described as “near enough a perfect horizontal acquisition”.

Founded by Matt Kirby in 2002 as an e-commerce retailer of toys and other products for children before transitioning to distribution, Crocodile has formed associations with major carriers including Amazon and Shopify to store their stock and ship parcels.

The opportunity attracted a very high level of interest from trade and private equity buyers, and a competitive bidding process culminated in the successful offer from Trans Global.

Operating from several UK locations as well as India and China, Trans Global, which was formed in 1970, saw strong potential for Nottingham-based Crocodile to thrive under new ownership.

“The company is in a great position for someone to grow it while allowing the founder to concentrate on running the business,” explained Charles Needham. “Investment in infrastructure could lead to a great deal of growth for the company over the coming years.

“The main appeal of Crocodile to TransGlobal was that it was near enough a perfect horizontal acquisition. The buyer mentioned that the operations of Crocodile are exactly what they are doing at a couple of their own sites.

“I’m delighted for our client to see him achieve a successful sale as we had a great working relationship throughout the process, which ran smoothly from the outset. TransGlobal were very willing and open as a potential acquirer throughout and a pleasure to work with.”

Charles also praised the work of KBS Corporate colleague Danae Glover, Document Writer, for producing impressive marketing materials which “must have grabbed the buyer’s eyes immediately”.

acquired by

Crocodile Stores Ltd
Sector: Distribution
Location: Nottinghamshire
Buyer: TransGlobal Freight Management

 

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Completed Sale

Glevum Security Ltd

Glevum Security has been sold in a deal that expands the buyer’s geographical reach into the South West of England.

A transaction overseen by Matthew Sibley, KBS Corporate Associate Director, sees Glevum acquired by London-based TMA Security, which supplied over 500 professionals for both The Queen’s funeral and King Charles III’s coronation in 2022 and 2023 respectively.

Based in Gloucester, Glevum provides professional security services for clients ranging from major corporate concerns to small family-run businesses across its home county and others in the west of England from Worcestershire down to Somerset.

This was an attractive feature of the opportunity for TMA Security, which was completing its first acquisition having been founded in 2019 and prides itself on offering a highly personal service focused on integrity, quality and professionalism.

In five years, TMA has become one of the UK’s leading security companies and the addition of Glevum will enable a substantial expansion of its service area and client base.

“Glevum Security is delighted to be joining TMA,” said Mark Baker and Steve Barnett, directors of Glevum. “The team there are as passionate about delivering effective security solutions as we are, and we are looking forward to working together to expand our services and keep more people and properties safe and secure.”

Mark Telford, Managing Director of TMA Security, added: “We are pleased that Glevum Security has joined TMA at this pivotal time of growth in our business. Glevum shares TMA’s core beliefs of responsibility and keeping people safe through the latest developments in security, and the team has invaluable knowledge in improving and developing new security products.

“The acquisition of Glevum Security means TMA can expand our valuable services, client base and expertise to ensure we can provide the very best in security for our customers.”

Matthew Sibley explained there had been sizeable interest in Glevum when the opportunity became available.

“The interest was mostly from trade companies but also some investment firms, all of whom were attracted to Glevum’s consistent financial performance,” he said.

Matt also expressed his gratitude to Harriet Jones of Mackrell Solicitors, accountant Will Abbott of Randall & Payne LLP, and KBS colleague Connor Dorsey “for arranging the data room and generally facilitating the provision of due diligence”.

acquired by

Glevum Security Ltd
Sector: Security
Location: Gloucestershire
Buyer: TMA Security

 

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Completed Sale

Select Surveys Ltd

A “significant milestone” has been chalked up by the sale of Select Surveys to the LSBUD (LinesearchbeforeUdig) Group in a deal overseen by Fabio Rambelli, KBS Corporate Associate Director.

Founded in 1996 and based in Kent, Select Surveys is a utility and land surveying company which specialises in limiting or eliminating risk for the design and planning of new or replacement mains and services in the utility industry.

The company’s long-standing surveying expertise now complements LSBUD’s utility mapping data service. LSBUD provides utility asset maps in response to over 15,000 enquiries every day, having become established as the UK’s leading safe digging service with a free-to-use online search facility which covers a sizeable majority of the country’s utility infrastructure.

It can be used by anyone involved in construction, excavation, fencing, ditching and works likely to break ground of any scale, from a highway scheme to merely replacing a garden fence.

Deme Cordell, Director of Select Surveys, commented about the sale: “After more than two decades of dedicated efforts in building and nurturing Select Surveys into a leading entity within the geospatial industry, we are pleased to announce an exciting new chapter in our journey. LSBUD is a company that shares our unwavering commitment to ensuring the safety of operatives and protecting buried infrastructure across the UK.

“This transition marks a significant milestone for Select Surveys and our valued clients. We believe that aligning with LSBUD will not only enhance our capabilities but also open up new avenues for growth and innovation.

“Our collective focus remains steadfast on expanding and refining our business operations, thereby creating enriching opportunities for our exceptional team members and delivering enhanced services to our loyal clientele.

“As we embark on this new phase of our evolution, we express our gratitude to all those who have contributed to our success thus far. We are confident this strategic partnership will propel Select Surveys to even greater heights while continuing to uphold the standards of excellence that have defined us over the years.”

Richard Broome, Managing Director of Nuneaton-based LSBUD, added: “We are delighted to have completed this deal as part of a strategic plan to extend LSBUD’s offering. Our previous growth and development has been organic so this marks a step-change, a real statement of intent. It’s just the start of our plans to extend LSBUD’s role and reach.

“With the combined experience and expertise of both companies, and working closely with our new Select colleagues, this new chapter will help solidify LSBUD’s place as the UK’s most comprehensive safe digging service.”

Fabio Rambelli of KBS Corporate wished all parties the very best in their future endeavours and thanked CooperBurnett LLP, the solicitors for Select Surveys, for their work during the transaction.

acquired by

Select Surveys Ltd
Sector: Utility Infrastructure
Location: Kent
Buyer: LSBUD Group

 

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Completed Sale

First Rescue Training and Supplies Ltd

First Rescue Training & Supplies (“First Rescue”), a UK leading online retailer of defibrillators, has been sold to Safe Life in a deal overseen by Jay Singh, KBS Corporate Finance Director.

Founded in 2003, First Rescue offers a sizeable selection of automated external defibrillators (AEDs) from all major manufacturers, along with a variety of associated products, CPR training equipment and training courses.

Based near Selby, North Yorkshire, First Rescue owns the e-commerce site defibwarehouse.co.uk, one of the largest sites in the UK selling AEDs.

Safe Life is a Stockholm-based provider of life-saving solutions with portfolio companies across Europe and North America.

With 24 acquisitions since 2019, the company continues to cement its position as the market-leading provider of AEDs in North America and Europe.

The new add-on in the UK with First Rescue strengthens Safe Life’s e-commerce presence in the market and the combination will create the largest AED provider in the UK.

“We are excited to be part of the global leader in AEDs. First Rescue has a bright future with Safe Life and we look forward to helping save even more lives in the UK,” said Craig Ward, Founder and CEO at First Rescue.

Jimmy Eriksson, CEO of Safe Life, added: “We are thrilled to welcome First Rescue to Safe Life. The acquisition not only enhances our footprint in the UK market but also broadens our range of offerings, enabling us to provide comprehensive solutions to our valued customers.”

Jay Singh believes Safe Life is a “natural home” for First Rescue and that the business will go from strength to strength under its new ownership.

“The shareholders have built an excellent business and reputation in the marketplace,” said Jay. “Becoming part of the Safe Life Group allows the business to consolidate its position in the UK market with a global leader in the AED industry.

“We received significant interest in the company, but Safe Life was a natural home for the business. It was a pleasure to work with the shareholders and we are confident the business will continue to be a great success.”

TLT provided legal services to First Rescue, its core team comprising Ian Roberts (Partner), Seraphina Wilkins-Tolliday (Senior Associate), James Pike (Associate), Mudassar Iqbal (Paralegal) (all Corporate), and William Ngan (Legal Director) (Tax).

acquired by

First Rescue Training and Supplies Ltd
Sector: E-commerce
Location: Yorkshire
Buyer: Safe Life

 

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Completed Sale

EcoGenR8 Ltd

EcoGenR8 Ltd, which trades as AFECO, has been sold to United Living Group (ULG), a leading independent infrastructure, construction and property services company.

The transaction was overseen by John Hunt, KBS Corporate Finance Director, and George Dalton, KBS Corporate Finance Manager.

AFECO is a cleantech innovation company which specialises in engineering services and solutions focused on the water, marine and energy sectors.

Since its incorporation in 2010, Hampshire-based AFECO has developed and delivered mechanical, electrical, instrumentation, control and automation (MEICA) services and solutions related to water, wastewater and biosolids treatment, in addition to energy generation and expert consultancy.

AFECO’s products and services include tailored project delivery, design, installations and commissioning.

EcoGenR8 founder Abi Field and fellow shareholder Jamie Crouch will remain with the business, bringing a wealth of sector knowledge and experience to United Living Group.

AFECO will sit in United Living’s Infrastructure Services business alongside the Group’s existing water activities, adding further expertise in the sectors in which it specialises.

ULG works collaboratively with customers, stakeholders and the supply chain to provide solutions that support the growth and improvement of local communities and infrastructure.

John Hunt believes the partnership offers “exciting opportunities” for both AFECO and ULG.

“The acquisition of AFECO by United Living is an excellent fit all round and offers both parties exciting opportunities for growth in terms of operational scale and financial performance,” he said.

“It has been a real pleasure for George and I to work closely with the sellers, Abi Field and Jamie Crouch, during this transaction. Similarly, discussions with United Living from the outset have been highly positive and the deal was negotiated and completed in a highly collaborative way which bodes well for the future.

“We are delighted with the outcome for Abi and Jamie and wish them and ULG great success in the next part of the AFECO journey.”

Abi Field commented on the deal: “KBS not only identified an excellent partner for us in United Living but also negotiated a deal which works well for both parties. We quickly learned to appreciate the complexity and challenges of completing a sale of the business and greatly appreciated the advice received from KBS throughout the process.

“We are delighted to join forces with United Living, enabling us to better provide unique solutions for the water sector.

“This comes at an opportune moment, particularly as we help our clients navigate increasing pressure on their operations. We believe our highly innovative products are a great addition to United Living Infrastructure Service’s offerings and that together we will be able to meet our clients’ evolving needs.”

Neil Armstrong, Chairman and CEO of United Living Group, added: “AFECO has an outstanding reputation in the water industry for innovation and problem-solving. This acquisition will complement our existing activities and help extend our service offering to include mechanical, electrical controls and automation.

“We recognise that water is a precious resource, and this acquisition comes at a critical time to help us to support Ofwat’s objectives to deliver customer and stakeholder satisfaction for AMP8 and beyond.

“We are looking forward to working closely with AFECO’s management team to unlock further potential on behalf of our combined customers.”

Legal services for EcoGenR8 were provided by TLT, spearheaded by corporate partner Ian Roberts, with support from legal director Kelly Clarke and senior associate Kirsty Wilson in the corporate team.

acquired by

EcoGenR8 Ltd
Sector: Engineering
Location: Hampshire
Buyer: United Living Group

 

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Completed Sale

Vision Survey Ltd

Vision Survey, one of the UK’s leading land surveying providers, has joined Celnor Group as its 10th member company in a deal overseen by Jay Singh, KBS Corporate Finance Director.

Crawley-based Vision Survey was founded in 2007 by John Gray. The company provides a range of compliance services including utility scanning, GPR (ground penetrating radar) and permit-to-dig applications for civil engineers and constructors. These comprise topographical surveys, laser scanning and underground utility detection.

With over 100 professionals, Vision Survey embraces innovation and technology in its quest to enhance the construction industry and has contributed to projects such as the Thames Tideway, Crossrail, London Olympic Park and expansions at Heathrow and Gatwick Airports.

Vision Survey was therefore an attractive acquisition opportunity for Celnor Group and becomes part of its Built Environment division.

Celnor Group is a specialist provider of testing, inspection, certification and compliance (TICC) services. Its companies provide critical data, consulting and insight for compliance, safety and sustainability.

Celnor seeks to partner with entrepreneurial businesses to provide perpetual ownership, support and investment for growth.

Simon Parrington, Celnor founder and Group CEO, said: “Vision Survey is a great addition to the Celnor Group, strengthening our Built Environment offering alongside existing member companies GIP, Brownfield Solutions, AF Howland Associates, MATtest Site Services and Aitken Laboratories.

“Vision Survey has an excellent reputation for quality and has enjoyed a strong period of growth, which we are looking forward to continuing with investment from Celnor. I am delighted to welcome John and his team to the Group.”

John Gray, Vision Survey’s Managing Director, believes the partnership with Celnor will bring direct benefits to customers.

“We plan to ramp up investment in new technology and innovation, which will enable us to anticipate and service the future demands of our customers,” he explained.

“Celnor is committed to ongoing training which will strengthen our capability as well as provide career development for our people.”

acquired by

Vision Survey Ltd
Sector: Land Surveying
Location: Sussex
Buyer: Celnor Group

 

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Completed Sale

Rab Corder Bathrooms Ltd

Dumfries looks set to boast a “very special” bathroom design service after KBS Corporate oversaw the sale of Rab Corder Bathrooms to the UK’s leading independent builder’s merchant, MKM.

Rab Corder founded his bathroom design and installation company in Castle Douglas in 2011 before opening a showroom in the larger Scottish Borders town of Dumfries in September 2018.

With the help of a dedicated team, the business has built up a strong reputation for the services it provides, which also include plumbing and heating.

Mr Corder instructed KBS Corporate to facilitate a sale of the company to align with his retirement plans. In a deal coordinated by Oliver Rigby, KBS Corporate Deal Executive, the successful offer was made by MKM, who already had 125 existing branches nationwide.

Rab Corder Bathrooms consequently becomes MKM Dumfries St Mary’s, with full support from fellow local outlets MKM Dumfries and MKM Dumfries Timber.

The business will continue to provide bathroom design, incorporating 14 displays, to the trade and public, benefiting from MKM’s logistics and industry experience with the addition of new brands and free local delivery services.

There will also be investment to enhance the existing bathroom showroom, introducing a new kitchen showroom and expanding the plumbing and heating offering in the coming months.

Rab Corder has stepped down from his position as CEO with immediate effect, but all other employees remain with the business as it transitions to MKM Dumfries St Mary’s. The acquisition and expansion of the plumbing and heating services will create three new full-time jobs in the next two months.

An experienced plumbing and heating specialist joins the team in April 2024 to work alongside Graeme Thomson and Graeme McWhir, Branch Directors of MKM Dumfries which is situated just a few minutes from the new showroom.

Rab Corder believes the future is extremely bright for the company he founded under its new ownership.

“It’s bittersweet to officially step down from a business I’ve built over two-plus decades,” he reflected. “I’d like to say thank you to all my customers and the team.

“I’ve always admired MKM’s commitment to supporting the local community as well as the company’s dedication to stocking the best range of products and employing the best people.

“My wife, Vicky, remains with the business and I look forward to seeing how the team expand our current services and grow it into something very special for the area.”

Andrew Popple, MKM’s Business Operations Director, added: “Rab has built an outstanding reputation in Dumfries and we are delighted to retain the whole team.

“This acquisition is a fantastic opportunity for MKM to further strengthen our presence in Scotland, enhancing our services with the capabilities of Rab Corder Bathrooms.”

KBS Corporate’s Oliver Rigby also expressed his satisfaction at completing the transaction and praised Eleanor Smith of law firm Alston Asquith for being “very helpful throughout the process”.

acquired by

Rab Corder Bathrooms Ltd
Sector: Trades
Location: Scotland
Buyer: MKM

 

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Completed Sale

C.H.I. UK Ltd

C.H.I. UK Ltd has been sold in a deal overseen by Will Griffiths, KBS Corporate Transaction Adviser.

Incorporated in 2005, the Tyne and Wear-based company is a specialist in business and domestic software development.

It operates OrchidLive, a secure online system for storing occupational health records via a state-of-the-art web application.

Offering 24/7 access to occupational health data, C.H.I. UK comprises a passionate team of developers with almost 100 years of combined experience in their field.

The software is trusted by some of the largest private and public sector organisations in the UK to power their occupational health teams, taking care of nearly one million employee records.

The company has been acquired by an investment team headed by Oliver Bridge, who has joined as Managing Director of OrchidLive.

Will Griffiths said of the deal: “There was significant interest in the opportunity from both private equity and trade buyers, due to the recurring revenue model and margins. I’m very pleased with the outcome of the sale.”

KBS would like to thank Claire Stretton of legal firm Gateley PLC, whose work Will described as being “great throughout the process”.

acquired by

C.H.I. UK Ltd
Sector: Software
Location: Tyne and Wear
Buyer: Oliver Bridge

 

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Completed Sale

AAP Metal Fabrication Services Ltd

KBS Corporate’s team have been praised in a five-star rating by the Managing Director of AAP Metal Fabrication Services (‘AAP’) following the company’s sale to Washington Waterjet.

Paul Bradley posted the review, titled ‘Professional and diligent’, after the transaction had been overseen by Oliver Rigby, KBS Corporate Deal Executive.

“I can highly recommend the service and utter professionalism by the staff at KBS Corporate,” wrote Paul on TrustPilot. “They provided a high level of information right through the marketing and negotiation stages and ultimately the final transaction.”

KBS was instructed to orchestrate the sale of AAP to facilitate retirement plans, with the company having been founded in 1983 by a previous shareholder.

Over its 41 years of trading, the Jarrow-based company has experienced considerable growth, establishing an excellent reputation for its high-quality fabrication and welding services and maintaining a high-value, long-standing client base.

Strong interest in AAP resulted in the successful offer being made by Washington Waterjet, which is based only nine miles south of AAP’s Tyne and Wear headquarters and specialises in waterjet cutting, laser cutting and hydefinition plasma.

Oliver Rigby of KBS commented: “I’m extremely satisfied with the outcome of the sale. I had a good relationship with AAP and the sale was in line with what they were hoping to achieve in terms of both deal value and structure.”

Legal service providers Alston Asquith (AAP) and Gateleys PLC (Washington Waterjet) were praised by Oliver for being “very helpful during the process”.

acquired by

AAP Metal Fabrication Services Ltd
Sector: Engineering
Location: Tyne and Wear
Buyer: Washington Waterjet

 

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Completed Sale

Professional Construction Design Services Ltd

An “extremely positive” outlook is in store for Professional Construction Design Services (“PCDS”) Ltd after the company’s sale to Goldberg Engineering.

PCDS founder John Paul Murphy is confident the business, which he set up in 1989 and was incorporated in 2003, can go from strength to strength following the deal coordinated by Charles Needham, KBS Corporate Transaction Adviser.

Based in Chesham, Buckinghamshire, PCDS comprises a team of building and structural engineering consultants who offer a comprehensive range of solutions, including in-house design and project management.

With a strong reputation for offering a high-quality and reliable service to a range of prestigious clients, PCDS was ideally placed to achieve considerable further growth – and the timing was right to initiate a sale process.

“The business had two directors both nearing retirement age,” explained John Paul Murphy, Managing Director of PCDS. “Unfortunately, one of the directors suffered an illness which resulted in his retirement, leaving one director to continue the company with the ongoing responsibilities to staff and clients.

“The sale of the business became more important at that stage, both to secure a future for the current staff and to ensure continued service to existing and new clients.

“A sale would also potentially allow for some form of retirement payment to the directors.”

KBS Corporate was instructed to oversee the sale and with the help of marketing material created by Sara Fletcher, Senior Corporate Document Writer, PCDS understandably attracted plenty of interest.

“It was an extremely attractive opportunity for any buyer, especially if they were already in the trade,” said Charles Needham.

“There were 40 enquiries, including a good proportion of trade buyers and interest from overseas and PLCs.”

The successful offer came from Goldberg Engineering, a Kent-based structural engineering company which operates in the residential, commercial, power plant and pharmaceutical sectors.

“The outlook for PCDS is extremely positive based on the level of current workload and ability to increase this with the new staff being introduced to the company,” said John Paul Murphy, who also offered some words of encouragement to business owners that may be tentative about embarking upon an exit process.

“When I was considering the sale of the company it was difficult to appreciate there was a value to it,” added John Paul. “I’m sure this would be similar for other small companies who feel the only value is themselves, and to try to sell the business therefore seems impossible.

“Charles was very positive about the company and was confident it had a value and would sell, which was very encouraging – and ultimately resulted in the sale.”

acquired by

Professional Construction Design Services Ltd
Sector: Structural Engineering
Location: Buckinghamshire
Buyer: Goldberg Engineering

 

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Completed Sale

Astra Security Systems Ltd

KBS Corporate’s business sales service has been highly recommended by Astra Security Systems following the company’s acquisition by the Ward Group.

Adam Nelson, KBS Corporate Deal Executive, oversaw the sale of the Kent-based business which has built up over 40 years of experience in providing electronic security and fire safety systems, as well as locksmith services.

Despite attracting a strong amount of interest that led to multiple offers, Astra sold to the Ward Group. Ward was established in 2000 and is a leading security provider nationally with over 1,500 employees, headquartered in Chatham, only 10 miles from Astra’s offices in Maidstone.

“One of the many reasons Astra was an appealing opportunity to Ward was the perceived ease of integration,” explained Adam Nelson from KBS. “It was clear from the first meeting that both parties got along well and there was an ideal cultural fit.”

That affinity resulted in a sale that ticked all boxes for Astra’s owners Graham and Robert Twist, who were delighted with the part played by Adam and the whole KBS team.

“We were fortunate to receive a few different offers to review and Adam carefully guided us towards the most acceptable offer,” said Graham Twist.

“From the point of agreement with our buyer, we were always kept up to date with the process as it unfolded. Adam was concise and factual with the information, made it easy to understand, and when we needed explanations, he was patient and clear.

“From the point of our official agreed offer to completion was a little under three months, which was great. Would I recommend KBS Corporate for the sale of your business? Yes, I definitely would.”

Adam Nelson was also happy with the outcome and believes the prospects are bright for Astra under Ward’s ownership, due to the collaboration the two parties have already displayed.

“Graham and Robert were looking to begin gradually stepping back from the business whilst ensuring the company moved forward in safe hands,” said Adam.

“I understand Graham and Robert have discussed at length with Ben Draper, Ward’s Group Chief Operating Officer, their growth aspirations once the business is settled post-completion. It’s clear both wish to continue delivering an excellent service to their existing customers whilst having increased support. 

“I am personally very pleased with the outcome. It has also been a very timely deal due to the work put in by all involved, especially Claire Stretton at Gateley Legal.”

Ben Draper added: “Underpinned by a shared commitment to excellence and innovation, we are thrilled to welcome Astra into the Ward family and embark on this journey together, leveraging our collective strengths to drive mutual growth and success.

“KBS Corporate played a pivotal role in facilitating this acquisition and we are grateful for their expertise and support throughout the process.”

acquired by

Astra Security Systems Ltd
Sector: Security
Location: Kent
Buyer: Ward Group

 

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Completed Sale

Diagnostic Solutions Ltd

Diagnostic Solutions (“Diagsol”, “DSL”), which designs and develops low-cost condition monitoring or predictive maintenance (PdM) sensing systems, has been sold to Megger Group in a transaction overseen by Luke Rae, KBS Corporate Deal Executive.

Founded in 1998, Diagsol is a predictive maintenance specialist which has created its own niche in the food and beverage industry with its clients including some of the biggest soft drinks brands.

The company, headquartered in Rossett, between Chester and Wrexham, has established a strong reputation for vibration monitoring and analysis with its easy-to-use products that bring reliable fault detection.

KBS Corporate was instructed to orchestrate the sale of Diagsol to facilitate growth under the impetus of new ownership and shareholder retirement within two years.

After 38 parties came forward the first offer was accepted from Megger Group, whose investment into online measurements further increases Diagsol’s industry relevance for the future.

Established for 150 years and a market leader of electrical test equipment, Megger Group is a global company with factories located in the UK, USA, Germany and Sweden.

Megger was attracted to Diagsol by the opportunity to enter the wireless sensors market, carrying out condition monitoring via cloud services to identify potential faults such as worn bearings or misalignment in motors and generators.

The acquisition is expected to generate strong growth potential for Diagsol, particularly through market expansion.

“We are incredibly excited to bring DSL on board with the Rotating Machinery team, as DSL’s vibration expertise adds extensive capabilities to our motor and generator testing range,” said Damon Mount, Head of Business Development at Megger.

Luke Rae was supported in the sale of DiagSol by KBS colleagues Tamsin James, Senior Corporate Document Writer, and Hannah Stewart, Research Analyst.

acquired by

Diagnostic Solutions Ltd
Sector: Machinery Diagnostics
Location: North Wales
Buyer: Megger Group

 

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Completed Sale

Alliance UK Ltd

Alliance UK, a London-based online provider of cleaning, janitorial, catering and hygiene products, has been sold to BCS in a deal coordinated by Matthew Sibley, KBS Corporate Associate Director.

With the owner of Alliance, Pedro Fernandes, planning to retire, the opportunity attracted strong interest, almost all of which was from trade acquirers although some were synergistic buyers involved in safety products, facility management and general hygiene.

Brighton-based BCS was founded as a catering supplier in 2011, servicing hospitality businesses in Sussex before rapidly expanding to schools, hospitals and other institutions and geographically to London.

Seeking to cement its foothold in England’s capital, BCS acted quickly to finalise the transaction and is eager to grow Alliance UK.

“Alliance has a solid customer base and needed some modernising and streamlining, and we are more technologically advanced,” explained Ben Ferrer, CEO of BCS.

“That means we can make efficiencies to give our customers better service and pricing, as well as solidifying our position as a major London supplier.

“We are looking to grow the existing customer base between BCS and Alliance in London, using Alliance’s expertise on cleaning materials and combining that with BCS’ expertise of catering supplies.”

Alliance will continue to operate under its existing management team, along with support from Ben Ferrer and BCS Group’s Operations Director, Tom Austen, who will oversee day-to-day operations at both BCS and Alliance.

Asked how satisfied he had been with KBS’ involvement in the deal, Ben said “very much – we got the deal done”, while Matthew Sibley said he too was “very satisfied with the sale” to a “keen buyer who is eager to grow Alliance UK”.

acquired by

Alliance UK Ltd
Sector: E-commerce
Location: London
Buyer: BCS

 

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Completed Sale

Nubis Solutions Ltd

KBS Corporate has completed its third company sale to Swedish industrial group Teqnion within nine months, the latest being Cambridge-based Nubis Solutions.

After acquiring Stanwell Group and Surge Protection Devices during 2023, Teqnion has further strengthened its relationship with KBS via the purchase of all outstanding shares in Nubis, a market leader in bespoke data centre and computer room temperature control services.

Nubis was established in 2008 and creates innovative temperature control systems to optimise performance, increase operating efficiency and reduce carbon footprint.

Richard Chamberlain and Leyton Breed acquired the company in 2013 and instructed KBS as they explored exit strategies that would allow Nubis Solutions to continue its growth.

Teqnion, which acquires stable, niche companies with strong cashflows to develop and own long term, was attracted by what it described as “the distinctly high level of quality and service which have earned Nubis Solutions an almost impossible to replicate reputation as the go-to provider for the highest standard of containment solutions in the UK and Europe”.

Richard and Leyton will continue to run the company’s team of 15 staff with the support of an enthusiastic and forward-thinking Teqnion team working alongside them.

“After several fast-paced years of successful business growth it’s time to move Nubis to its next owners to allow the company to continue on its journey,” said Richard and Leyton. “We will both continue to guide Nubis and ensure it continues to flourish.

“Finding new owners with the same outlook has been difficult, but with Teqnion we feel like we have found kindred spirits. We are inspired to work with Teqnion to take Nubis to the next level of excellence.”

Johan Steene, CEO of Teqnion, added: “I’m very happy that we found the Nubis team since they are true Teqnion people – very dedicated, driven and skilled, working closely with their customers to always deliver the best solution.

“It is a wonderful company led by real gentlemen, acting in a time when we only expect data and processing capacity to increase, driving demand for Nubis systems. This will be fun!”

Johan’s colleague Daniel Zhang said in a Google review of KBS Corporate: “As the Head of Acquisitions at Teqnion, I would really recommend KBS. They are flexible in their approach, yet always professional. I have so far acquired three companies through the team and with the many opportunities Georgia (Rothwell, Senior Research Analyst) is presenting to me, I would be surprised if the number does not go up.”

Fabio Rambelli, KBS Corporate Associate Director, coordinated the sale for Nubis, with the company having previously been on the market with one of our competitor sales advisers who had failed to secure a transaction.

“It has been a very positive experience working with the Nubis and Teqnion teams and it is clear to me that the company will very much be in safe hands moving forward,” said Fabio.

“I’m very happy to have been able to facilitate this transaction and to have successfully advised my clients in this key stage of their professional lives.”

Fabio also paid tribute to Harriet Jones of Mackrell solicitors for “an excellent and very professional job”.

acquired by

Nubis Solutions Ltd
Sector: Temperature Control
Location: Cambridgeshire
Buyer: Teqnion

 

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Completed Sale

Amerex Fire International Ltd

Amerex Fire International, a fire detection and suppression systems specialist, has been sold to Hyperion-backed safety services buy-and-build Ranger Fire and Security in a deal overseen by Andrew Dodd, Corporate Director at KBS Corporate.

A family-run business, Amerex operates nationally with a focus on installation and maintenance of vehicle suppression units and on its long-standing relationship with a key fire extinguisher distribution and service provider.

Having earned an excellent reputation and established a prominent client base, Amerex received the Royal Warrant in 2009 for supplying the Royal Household with fire extinguishers and other related suppression equipment and has maintained it ever since.

The shareholders of Amerex were looking to realise part of their investment over the years and to also have a significant role in the upside of the company’s growth as part of the Ranger group.

The successful offer from Ranger Fire and Security was backed by Hyperion Equity Partners, a private investment firm which focuses on backing high-quality management teams with proven and resilient businesses.

“We were extremely impressed with Steve Evans, Tony Partridge and the Amerex team during our due diligence,” read a statement from Hyperion.

“They have built an incredible business focused on delivering a high-quality service to their customers.

“We enjoyed working with KBS and Andrew Dodd, who were helpful in demonstrating the value to shareholders and coordinating the diligence process.”

Andrew Dodd added: “I have no doubt Amerex Fire International Ltd will have a bright and prosperous future with Ranger Fire and Security and Hyperion Equity Partners.

“I wish all parties the very best of luck in their future endeavours. It has been a pleasure working with them both.”

acquired by

Amerex Fire International Ltd
Sector: Fire and Security
Location: South Wales
Buyer: Ranger Fire and Security

 

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Completed Sale

Reading Commercial Spares Ltd

KBS Corporate’s Oliver Rigby has overseen the sale of Reading Commercial Spares to vehicle parts retail group Picksons.

Reading Commercial Spares was founded in 2004, supplying truck and trailer parts to commercial businesses throughout its region. The three shareholders – Mike Keirle, Steve Thatcher and Joanne Thatcher – offered the company for sale as part of their retirement plans.

The opportunity attracted strong interest and an offer was accepted from Picksons, an independent, family-run business which began trading in 1979.

Picksons has six branches selling truck, trailer and bus spare parts and accessories in the Midlands and South West of England and, via its subsidiary Fleetwheel, five in South Wales.

By adding Reading Commercial Spares to its portfolio, Picksons will further strengthen its presence along the M4 and M5 corridors.

“The shareholders of Reading Commercial Spares wanted to facilitate their retirement plans and were ready to take a step back,” explained Oliver Rigby, KBS Corporate Deal Executive.

“Mike and Steve are to remain as employees but the sale to Picksons reduced their workload.

“I’m extremely satisfied to have completed this deal.”

Oliver praised the roles played by KBS Corporate colleagues Connor Gregory-Dorsey and Jamal Forbes, Corporate Finance Analysts, in securing the sale of Reading Commercial Spares.

acquired by

Reading Commercial Spares Ltd
Sector: Retail
Location: Berkshire
Buyer: Picksons

 

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Completed Sale

Synergie Training Ltd

Inverness-based Synergie Training has been sold in a deal overseen by KBS Corporate which gives the buyer, TTC Group, strategic entry into the construction and infrastructure sector.

Synergie, established in 2009, is a UK and internationally recognised provider of construction, civil engineering and IT training courses and has worked with an extensive list of well-known clients including BT, Shell and the NHS.

TTC Group has, for over 30 years, pioneered road safety education for corporate and private drivers, delivering programmes to over 500,000 individuals per year. Its services include licence checking, road safety and driver rehabilitation courses.

The acquisition of Synergie is part of Telford-based TTC’s (Trusted Training and Compliance) entry into the broader health and safety marketplace, enabling the expansion of its driver-related product suite to support large construction and infrastructure companies.

“We are delighted to be joining the TTC family of trusted training and compliance solutions,” commented Steven Nelson, Synergie Training’s Managing Director.

“As a tech-enabled business, TTC represents an exciting and significant opportunity for Synergie Training to make our training programmes even more accessible to our existing clients, whilst offering improved scalability for us to deliver the best possible training en masse to the construction and infrastructure sector.”

TTC said its partnership with Synergie will upgrade the array of courses available to help ensure construction and infrastructure workers across the nation can operate safely and competently. The construction sector remains the industry with the highest number of fatalities across Great Britain, according to the Health & Safety Executive.

“2024 marks TTC entering a new strategic phase, backed by financial investment from Pricoa Private Capital,” said Jim Kirkwood, TTC’s CEO. “The acquisition of Synergie Training is an excellent first step into this complementary and adjacent market where compliance and learning are key.

“Synergie has an enviable reputation for quality training and outstanding service, boasting a rarely achieved Net Promoter Score of 100. Its method of delivery is very similar to our own ‘book-pay-deliver’ model but currently largely delivered manually and face-to-face.

“This is a fantastic opportunity to further leverage our tech-enablement and virtual training skills to increase Synergie’s customer base still further, while also accelerating growth into new areas such as environmental training.”

Nathan Leah, Associate Director at KBS Corporate, oversaw the sale and quickly identified both Synergie Training and TTC Group as being an ideal fit for their respective requirements.

“Synergie Training demonstrated a progressive service model, high-calibre clients and an exponential growth profile,” said Nathan.

“It was evident early in our process that Synergie commanded high-calibre interest from the market. We were flattered by the volume and calibre of interest, but it became very clear TTC were the correct purchaser for Synergie Training.

“I strongly believe this acquisition of Synergie Training by TTC will be an incredible success for all involved.”

Nathan also expressed his thanks to all parties at Synergie Training and TTC, as well as all advisers involved, for a collaborative and positive deal process.

In particular, special thanks to Harriet Jones and Guvvy Sandhu of Mackrell Solicitors for what Nathan described as “their highly valued efforts and diligence in the sell-side legal process”.

acquired by

Synergie Training Ltd
Sector: Training
Location: Scotland
Buyer: TTC Group

 

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Completed Sale

Solmar Villas Ltd

Solmar Villas has been acquired by Kuoni parent Der Touristik UK, a buyer introduced by Andrew Dodd, KBS Corporate Director.

A family-run business based in Burton-upon-Trent, Staffordshire, and founded almost 30 years ago by John and Maria Tayler, Solmar Villas joins Der Touristik UK’s expanding range of specialist brands which includes Carrier, CV Villas, Kirker, Jules Verne and Journey Latin America in addition to Kuoni.

With a portfolio of over 2,000 holiday villas across more than 30 destinations in Spain, Portugal, Cyprus, Greece, France, Turkey, Italy, Croatia and the US, Solmar’s offering has a broad price range which will be sold through Kuoni’s 27 UK stores, while the company will continue to work with independent travel agencies nationwide.

Julie Blake, daughter of John and Maria Tayler, will stay as managing director and report to Francis Torrilla, UK chief executive at Der Touristik.

The business, which has partnerships with Jet2 Holidays, British Airways and Hays Travel, is remaining at its Burton-upon-Trent headquarters and staff have been told there are plans to grow the company and increase the 97-strong workforce.

“The success of Solmar Villas has been driven by a team with a united aim of providing high-quality villas combined with excellent customer service,” said Julie Blake.

“Our strength is the relationships we have with our villa owners, suppliers, employees and clients and this will continue to be the driving motivation behind us.

“I’m very proud of the business my family started and I’m equally thrilled to work with Francis and the wider team at Der Touristik to drive awareness and growth of this amazing brand. We have ambitious plans and with the support of the group, I’m excited to be part of Solmar’s next steps.”

Der Touristik said it aimed to turn Solmar Villas into the leader in the villa market and described the acquisition as “a good fit” for its business, sitting well alongside its existing upmarket villa specialist CV Villas, which is particularly strong in the Greek holiday sector.

Francis Torrilla said: “Solmar Villas has seen phenomenal success with a real drive for growth and quality. The acquisition enhances and complements our existing portfolio of independently managed businesses, enabling us to drive substantial growth in the villa market.

“It also means we have a broader range of price points across our specialist brands so we are relevant to more customers whilst always focusing on value and quality.

“We can bring investment opportunities to continue to grow Solmar Villas into the market-leading villa provider and further develop its range and distribution.

“We have a positive message to share with our staff, suppliers, travel agents and customers in that we will protect the business ethos and values which have made it so successful and invest in Solmar with the ambition to grow it into the largest villa operator out of the UK.

“I look forward to working with Julie as we expand the business and grow our offering in both the UK and overseas.”

KBS Corporate’s Andrew Dodd added: “I’d like to wish both parties all the very best and lots of success in the future.”

acquired by

Solmar Villas Ltd
Sector: Leisure
Location: Staffordshire
Buyer: Der Touristik

 

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Completed Sale

Floyd Schofield Haulage Ltd

Big plans are being made for Floyd Schofield Haulage following the company’s sale to DAA Transport in a deal overseen by Luke Rae, KBS Corporate Deal Executive.

Floyd Schofield, based in Settle, North Yorkshire, was established in 2014 and serves the bulk and general haulage market across the UK.

After substantial interest from both trade and private equity acquirers with 49 parties initially coming forward, Floyd Schofield was sold to DAA Transport Ltd – joining the parent company’s existing businesses SL Transport (UK), Norman E Webb Ltd, Norman E Webb Logistics and Linney Refrigerated Transport, although the last-named was consolidated in 2023 and no longer operates as a separate entity.

With a strong presence in the South of England, DAA was eager to become established further north – hence the appeal of Floyd Schofield.

“Floyd Schofield Haulage has a well-established reputation in the haulage industry and is an ideal company to join our existing portfolio, expanding our reach to the North of England,” explained Jon Dando of DAA Transport.

“The primary appeal was the company’s strong local presence and expertise in the North Yorkshire region. This acquisition aligns perfectly with our strategic goals of geographical expansion and enhancing our service capabilities.

“Floyd Schofield Haulage has a well-established customer base and a reputation for exceptional service, which complements our commitment to offering comprehensive and customer-centric transport solutions. Additionally, its specialisation in bulk haulage services provides us with an opportunity to diversify our offerings and better serve a wider range of client needs.”

Prospects for growth look bright under the new ownership, with the target being to set “new benchmarks” in the transport and logistics sector.

“The acquisition of Floyd Schofield Haulage represents an exciting chapter and aligns with our commitment to strengthen our position in the market and grow our fleet in 2024,” added Jon Dando.

“The outlook for the business is extremely positive. We are committed to investing in the growth and development of Floyd Schofield Haulage, ensuring it continues to thrive and serve its customers with the same level of dedication and quality.

“Our combined expertise and resources will enable us to enhance our service offerings, innovate in our logistical solutions and expand our reach to new markets.

“We are excited about the synergy between the two companies and are confident this will lead to increased efficiency, improved customer service and overall business growth. We look forward to a future where we set new benchmarks in the transport and logistics sector together.”

Luke Rae was equally delighted to have found a new home for Floyd Schofield Haulage following the hard work put in by all those involved in the transaction.

“It’s a fantastic opportunity for the business to grow as part of a larger group,” said Luke.

“Both parties worked diligently to get the deal across the line. I’m extremely proud to bring the sale to a successful conclusion.”

acquired by

Floyd Schofield Haulage Ltd
Sector: Distribution & Logistics
Location: Yorkshire
Buyer: DAA Transport

 

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Completed Sale

Strive Insight Ltd

Strive Insight, a prominent London-based market research agency, has been sold to international data specialist Radius Global Market Research in a deal overseen by Tom Eatough, Corporate Director at KBS Corporate.

Applying a problem-solving philosophy to support the overall brand health of its clients, Strive combines existing knowledge, primary reach and big data with compelling communication techniques to help convert research insights into meaningful opportunities that can be delivered on.

The sale to New York City-based Radius Global Market Research expands the geographical reach and resources of both companies. Strive will maintain its UK offices and the current management team is remaining in place under the new structure.

Radius is a full-service market research consultancy founded in 1960 and its expertise has included partnerships with Fortune 500 leaders, as well as with emerging and start-up brands in more than 60 countries. Besides the US, it has offices in Dubai, India, China and Hong Kong.

The partnership between Strive and Radius is expected to result in a smooth integration of operations for clients, employees and investors.

“We have found in Radius a partner with a mindset similar to ours,” said Paul Thomas, Director of Strive Insight.

“Our experienced team is focused on delivering clear opportunities that drive client brand growth. This expansion provides an opportunity to further enrich our capabilities and achieve even stronger results for our clients across the globe.”

Chip Lister, Managing Director of Radius, added: “Our growth strategy is focused on identifying key partnerships that help us deliver an expanding set of capabilities to the global brands we serve.

“Strive Insight’s commitment to quality research and strategic thinking, along with its data capabilities and consultative practice, aligns ideally with our client offering.”

Those comments were echoed by Tom Eatough, who also saw the companies as an ideal fit during his work in facilitating the sale.

“It was clear from the outset that Radius had similar values and approach to work as our clients, so I’m pleased we managed to agree a deal with them,” said Tom.

“I’m looking forward to seeing how Strive Insight develops under Radius and I am sure it will be a great success for everyone involved.”

acquired by

Strive Insight Ltd
Sector: Market Research
Location: London
Buyer: Radius Global Market Research

 

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Completed Sale

Capital and Provincial Ltd

Project management and property consultancy company Capital and Provincial has been sold to Bellrock Group in a deal overseen by KBS Corporate.

Established in 2010, Capital and Provincial provides client-focused and results-led project management, quantity surveying and property consulting services to a wide client base, from international corporations to developers and individuals across the UK and Europe.

The company has a team of more than 20 consultants at its offices in Farnham, Surrey, and central London having become one of the leading operators in its industry, serving clients in the South of England in the corporate, hotel, hospitality, residential, technical and education sectors.

Bellrock Group, headquartered in Leicester, is a leading provider of specialist risk-focused workplace and property management solutions with a turnover of £170million.

Its team of 1,600 property and facilities professionals is located at 70 sites across the UK, working on behalf of clients with access to 700 carefully selected suppliers.

“I’m excited by the opportunities the acquisition holds for us,” said Andrew Chisholm, Capital and Provincial Managing Director.

“Being part of the Bellrock Group will open the door to scale and capabilities, whilst keeping the things that make us successful – our people, our relationships and our culture.

“This package will enable us to strengthen our offering to our clients and continue to deliver our growth ambitions.

“With exposure to new sectors, regions and clients, I’m especially positive about the career development potential for our Capital and Provincial people who make me proud every day.

“It’s an exciting time for our clients and people alike.”

Paul Bean, Bellrock Group CEO, added: “Capital and Provincial’s stable of loyal clients and enviable portfolio is testament to the depth of their capabilities and their exacting standards in delivering successful projects for clients who can now benefit from the offerings of the wider Bellrock Group.

“I look forward to collaborating with the team as we explore the exciting opportunities ahead.”

Daniel DiMarco, KBS Corporate Deal Executive who oversaw the transaction, explained Capital and Provincial had been keen to explore the market to see what was achievable to help drive the growth of the business and release equity.

“The company received a good amount of interest and eventually decided to move forwards with Bellrock Group, which is backed by private equity,” said Daniel.

“This was due to them believing in the potential for synergy, as well as being excited by the idea of being part of a larger group of companies and continuing to drive the business forwards.

“Bellrock has acquired a well-respected and profitable company which has been successful for over a decade, with a team of four highly knowledgeable and experienced directors that had built up a significant and loyal client base.

“I believe the outlook for the companies is extremely bright and I’m sure they will continue to go from strength to strength.”

acquired by

Capital and Provincial Ltd
Sector: Construction
Location: Surrey
Buyer: Bellrock Group

 

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Completed Sale

Plalite Ltd

A precision engineering company whose customers include a Formula 1 team has been sold in a deal overseen by KBS Corporate.

Plalite, based in Sittingbourne, Kent on a purpose-built 1,300 square metre site, was founded in 1968 and its core business is CNC machining to support the aerospace and motorsport industries.

The company’s work for clients in Formula 1 led to a glowing endorsement from the COO of one constructor, who said they had “built an unbreakable team spirit” thanks to the support of Plalite.

Darren Cordell and Tony Bess, directors of Plalite, instructed KBS to facilitate the sale of the business in preparation for their eventual retirement, and strong interest resulted in eight offers being made which were split between trade and investment acquirers.

The successful buyer was Stockholm-based Karnell Group which specialises in owning market-leading industrial technology companies, primarily in the Nordic region.

Karnell has acquired 92.5% of Plalite’s shares with an option for the remaining stake in 2026. The minority shareholders will stay active in the company post-sale, with Darren Cordell and Tony Bess remaining for a handover period.

“We look forward to developing Plalite through the new collaboration with Karnell,” said Darren and Tony. “They have shown a good understanding of our business and see the same potential as us. Karnell has solid experience in the field within the group that we believe we can learn from.”

Petter Moldenius, CEO of Karnell, added: “We are impressed by Plalite’s technical knowhow and robust customer relationships and are convinced there is great potential to continue growing with customers in selected segments who value Plalite’s qualities.”

In acquiring its 11th company, the UK represents a new venture for Karnell.

“In addition to the current focus on the Nordic markets, Karnell has analysed the opportunities for growth in the UK for some time and can conclude it has yielded results,” said Petter Moldenius.

“We are convinced our model, with a long-term ownership perspective and willingness to invest in our companies with a clear growth ambition, should be able to attract successful companies and entrepreneurs to join Karnell.

“The UK is an attractive market with great potential that opens a new channel for continued long-term growth for our group.”

Fabio Rambelli, KBS Corporate Associate Director who oversaw the transaction, envisages a bright future for Plalite.

“I’m very confident Plalite will continue to be a very successful company under the ownership of Karnell,” said Fabio.

“I’d like to thank Darren and Tony for their hard work during the process and for entrusting KBS with the sale of the business. It’s been a pleasure to work with all parties on this transaction.”

Specifically, Fabio praised the vendors’ solicitors Guvvy Sandhu and Harshita Samani (Mackrell), the buyers’ solicitors Graham Spalding and Kate Allen (Lodders) and Steve Brewer for his financial work on the transaction.

acquired by

Plalite Ltd
Sector: Engineering
Location: Kent
Buyer: Karnell Group

 

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Completed Sale

Gemini Communications Ltd

Carlisle-based Gemini Communications has been sold to award-winning technology solutions specialist Global 4 in a deal overseen by KBS Corporate.

Gemini, established in 1999, works with key industry suppliers to provide, install and maintain phone systems, broadband and wireless networks, and office equipment including photocopiers and CCTV security, for businesses and schools.

KBS Corporate was instructed to orchestrate a sale that would enable Suzanne and David Thompson and fellow director Tina Labram to retire, while David Labram, the Managing Director, planned to remain in the business and grow the company under new ownership and investment.

Step forward Global 4, based in Horsham, Sussex and which in September 2023 was named Best Enterprise Vertical Market Customer Solution at the Comms National Awards, where it was also nominated in three other categories.

Global 4’s acquisition of Gemini will expand its portfolio of products, while geography was also a key factor with Gemini operating across Cumbria and Dumfries & Galloway.

Carl Barnett, CEO of Global 4, which was founded in 1998, said: “Gemini allows us to establish a northern presence, supporting our ongoing growth nationwide which is critical to maintain the exceptional service our customers have come to expect. This strategic expansion will enable us to enhance our reach and better serve clients across various regions.

“We are thrilled to welcome Gemini into the Global 4 family. This strategic move aligns seamlessly with our dedication to continuous improvement and innovation. We are confident the synergies between our organisations will result in even greater value for our clients.”

David Labram, Managing Director of Gemini, added: “We are delighted to be working with Carl and the team at Global 4. The natural alignment of company values and our shared vision to grow fast provides a great opportunity for both businesses.”

Oliver Rigby, KBS Corporate Deal Executive who oversaw the transaction, said he was “extremely satisfied” with the completion of the sale.

“The level of interest was strong, with four good-quality interested parties reviewing the company during the summer period,” explained Oliver, who credited Peter Kelly, KBS Corporate Operations Director, for his considerable help during the process.

“The main appeal of Gemini was its location and service offering. The acquisition would help them enhance their presence in the market.

“This deal for me was complex at times and it was good to achieve a sale for Gemini.”

acquired by

Gemini Communications Ltd
Sector: IT
Location: Cumbria
Buyer: Global 4

 

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Completed Sale

RS Industrial Services Ltd

A lengthy process has resulted in the right outcome for RS Industrial, which has received substantial private equity investment from Foresight Group.

The deal, overseen by Joe Norris, KBS Associate Corporate Director, means the County Durham-based industrial services supplier joins the portfolio of London Stock Exchange-listed Foresight, which focuses its investments on sustainability-led assets.

RS Industrial was established in 2001, initially offering overhead crane maintenance and repairs as well as the supply and inspection of lifting equipment. It subsequently expanded to incorporate an engineering supplies shop, the product range including power tools, workwear and PPE.

The company’s directors, Mike Riley and Neil Sanderson, were looking to de-risk and step back from the day-to-day running of the business to a more executive role, in order to spend more time with their young families.

This was enabled by the investment from Foresight Group, which manages £12.2billion for some of the world’s largest institutional investors, private and high-net-worth individuals – rewarding the perseverance of all involved with the transaction.

“The business was on the market for several, quite turbulent years, all through the pandemic,” explained Joe Norris. “We spoke with all kinds of buyers in that time before alighting on Foresight as the best partner for the business.”

The RS Industrial deal forms part of Foresight’s £90million North East Fund which is supporting growth companies which are either based, or have significant operations, in that region of England.

“Foresight specialises in investing in exciting regional businesses and RS Industrial represented an ideal fit for its North East Fund given the company’s sustained growth over many years,” added Joe.

“Foresight is a long-term investor with an evergreen fund, so I anticipate continued growth under its stable ownership and with the continued input from Mike and Neil, drawing on their wealth of experience in the business.

“I’m extremely happy with the result we achieved for Mike and Neil and I think this process, running as it did through the last few turbulent years, showed the value of patience and deliberation in finding the perfect buyer for a business.”

acquired by

RS Industrial Services Ltd
Sector: Industrial Supplies
Location: Durham
Buyer: Foresight Group

 

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Completed Sale

Fabriform Engineering Ltd

An acquisition of Fabriform Engineering is not the last deal that buyer Jeremy MacKenzie plans to conduct with KBS.

Annie Shiel, KBS Corporate Associate Director, oversaw the sale of Fabriform, a Lincolnshire-based quality fabrication and machining specialist which serves a variety of industries, including food and chemicals.

Working in a wide range of materials from stainless steel and aluminium to plastics, Fabriform produces fabrications for projects including walkways, gantries, machine guarding, conveyors, tables and pipework.

In conjunction with its machine shop, the company, which was incorporated in 2002, also offers a repair service and has built up a consistent reputation for quality in all work undertaken.

Vendors Andy and Louise Turner were keen to agree a sale that would enable their eventual retirement and after two serious buyers emerged, the offer from Jeremy MacKenzie was accepted.

Jeremy saw Fabriform as a suitable fit for his existing complementary engineering businesses with the aim of cross-fertilisation. 

“We plan to expand the existing premises and to market their product countrywide,” said Jeremy, regarding his plans for Fabriform. “The two current managers/directors are remaining in running the business.

“I was very satisfied with the role KBS played in the deal and I am in the process of buying another company through KBS.”

Annie Shiel was also happy with the end result, saying: “It was a lengthy process but the sellers remained dedicated to the process throughout to achieve the end goal of a completion.

“It has been a pleasure working with all involved in this transaction.”

acquired by

Fabriform Engineering Ltd
Sector: Engineering
Location: Lincolnshire
Buyer: Jeremy MacKenzie

 

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Completed Sale

Apreco Ltd

A long-established scrap metal company has diversified its enterprise with the acquisition of an air pressure control specialist.

The sale of Worcester-based Apreco, a market leader in the design, manufacturing and worldwide distribution of air pressure stabilisers and pressure relief vents, was overseen by Joe Norris, KBS Associate Corporate Director.

Mike Hodges, Managing Director of Apreco, instructed a sale to facilitate his eventual retirement following a suitable handover period to new owners The Remet Company.

Founded in 1947 as a scrap metal merchant and based in London, The Remet Company has expanded its operations into different sectors within the metals industry. These include smelting, shredding and granulation, linking together a sustainable chain where raw materials are put back into use in a myriad of industries.

“Apreco wasn’t on the market for long,” explained Joe Norris. “Remet made an offer that was acceptable to the vendor, who was keen to push on into exclusivity.

“Remet are looking to expand beyond their traditional scrap metal sector and saw Apreco as an exciting new avenue for them.”

Joe believes that having three-quarters of a century’s experience behind them indicates Remet will enable Apreco to continue to thrive.

“The Remet Company has been owned and operated by the same family since the 1940s, which shows their long-term thinking and stability of management,” he added.

“I believe they will be ideal stewards of Apreco moving forward, beyond the stage where Mike decides to step back fully from the day-to-day running of the business.

“I’m really pleased we managed to achieve this sale for Mike – I hope he can now look forward to enjoying his retirement in the coming years.”

acquired by

Apreco Ltd
Sector: Engineering
Location: Worcestershire
Buyer: The Remet Company

 

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Completed Sale

Greengates Builders Merchants Ltd

A family-owned independent builders merchants has been sold to Haldane Fisher in a deal overseen by Jay Singh, KBS Corporate Finance Director.

Greengates Builders Merchants, located in Accrington, has been trading from its site in Lancashire since 1987 and has grown to employ 18 people from the surrounding area, running three crane offload wagons.

Supplying building and timber materials to trade and DIY customers, Greengates was a natural fit for Northern Ireland-based Haldane Fisher, a builders and plumbers merchants which is expanding its presence in northern England.

Steven Pickup, Managing Director of Greengates, was seeking to retire and instructed KBS to orchestrate a sale – for which Richard Stocks, Senior Research Analyst, quickly saw considerable potential.

“Given the recent consolidation within the builders merchant sector and the strong regional presence Greengates has, we generated significant trade interest in the opportunity,” said Richard.

“This came from companies that already have a North West presence and parties looking to move into the region.

“This has become a market where the scope to expand with the opening of new sites has become more limited, and high-quality independent merchants, such as Greengates, will continue to command strong interest from parties looking to expand their footprint.”

Following a healthy level of interest in the opportunity, Haldane Fisher was identified as the ideal acquirer and Jay Singh presided over a sale that suited both parties particularly well.

“Greengates was a perfect strategic fit for Haldane Fisher, both in terms of product offering and also in terms of location,” said Jay.

“Steven has built up an excellent business with a reputation for holding good stock levels and delivering on time.

“The transaction allows Haldane Fisher to continue with their growth plans and for the shareholder to start their exit journey.”

Steven Pickup is to remain involved with the business for a period post-completion to help with the handover.

“It was a pleasure to advise the shareholders and bring the transaction to a successful conclusion,” added Jay Singh.

acquired by

Greengates Builders Merchants Ltd
Sector: Building Supplies
Location: Lancashire
Buyer: Haldane Fisher

 

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Completed Sale

Midland Pest Control Ltd

Birmingham-based Midland Pest Control has been sold to Nurture Group in a deal overseen by Annie Shiel, KBS Corporate Associate Director.

Midland Pest Control was founded in 2000 and for nearly a quarter of a century has worked with private and commercial clients throughout Birmingham, Wolverhampton and the wider Midlands region.

Retirement was the aim for shareholders Ruth and Steve Hurley, hence their decision to instruct KBS on a sale of the company. The process was comparatively quick with two offers received, the successful bid coming from Nurture Group who had an existing pest control division, Rokill.

With its headquarters in Surrey, Nurture Group also comprises Nurture Landscapes, which specialises in grounds maintenance and plant displays for the corporate and private sectors, and Gavin Jones, provider of landscape construction services to military sites, public open spaces, parks and palaces.

Annie Shiel said obtaining a geographical presence in the Midlands and existing contracts with customers was a main reason for Nurture Group’s acquisition.

“The level of interest generated from potential buyers was healthy and included large trade parties who are known to be acquisitively active in this space,” added Annie. “We quickly secured an acceptable offer with the preferred party.

“The deal process was smooth, and the buyer and shareholders have been fantastic to work with. I enjoyed working with Ruth, and I wish Ruth and Steve all the best for the future.”

acquired by

Midland Pest Control Ltd
Sector: Pest Control
Location: Birmingham
Buyer: Nurture Group

 

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Completed Sale

Datalink Electronics Ltd

Mariam Smith, Managing Director of Datalink Electronics, has spearheaded a management buyout (MBO) of the Loughborough-based company, with the help of KBS Corporate.

Datalink Electronics was established in 1983 and provides a wide variety of integrated design and production services to a broad customer base ranging from multinational PLCs to start-up businesses.

The two shareholders, Eric Luckwell and Ian Wilson, decided the time had arrived for them to retire and instructed KBS to orchestrate a sale process, during which it became clear that an MBO led by Mariam would be the ideal solution.

Fabio Rambelli, KBS Corporate Associate Director who oversaw the transaction, said: “Mariam had a very active management role and was gradually taking over an increasing number of responsibilities from the shareholders, which meant she was the perfect person to sell the business to.

“I’m happy the MBO completed as Mariam is absolutely the best person to take over the company.”

In their announcement of the deal, Datalink heralded the MBO as “a pivotal move that signifies a new era” for the business and “a catalyst for strategic evolution”.

“Having effectively run the company for the past 12 months, Mariam emphasises the infusion of new talent, machinery and a streamlined structure,” Datalink’s statement said.

“The MBO brings more autonomy, allowing Datalink to focus on key areas such as talent acquisition and investment in equipment. This new-found independence is set to redefine the company’s strategic direction, creating a dynamic and responsive organisation.

“The post-buyout strategy includes exploring new partnerships and collaborations that align with Datalink’s growth objectives, reinforcing the company’s commitment to innovation and excellence in electronic design and manufacturing.”

Fabio Rambelli added on behalf of KBS: “I would like to thank Eric, Ian and Mariam for their hard work on this transaction and for working with us. I wish all parties the very best in the future.”

acquired by

Datalink Electronics Ltd
Sector: Electronics
Location: Leicestershire
Buyer: Management Buyout

 

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Completed Sale

Surge Protection Devices Ltd

Swedish-based group Teqnion has returned to make a second 2023 acquisition through KBS Corporate in the form of Surge Protection Devices (“Surge”).

Teqnion, listed on the Nasdaq First North Growth Market, operates in niche technology markets and has been active in the M&A space across Europe for several years.

The industrial group, based just outside central Stockholm, operates through multiple independent subsidiaries, acquiring scalable companies which can succeed in narrow technology niches.

Its previous acquisition via KBS, in May 2023, was Stanwell Group, which offers innovative solutions to the beverage industry, including fluid dispense pumps, valves and complete systems.

Stanwell is based in Holmfirth, less than 20 miles from Oldham, the home of family-run Surge Protection Devices, which was founded in 2006 and includes Manchester Airport, the Ministry of Defence and Vodafone among the customers for its electrical safety solutions and products.

Explaining the appeal of Surge Protection Devices, Charles Needham, KBS Corporate Deal Executive who oversaw the transaction, said: “Since I started looking after the sale the business did not stop growing, and given the margins remained very consistent, almost identical, this enticed buyers forward.

“The regulations around surge protection are getting increasingly tighter and with our client being able to stay a step ahead of modern technology within the industry, their products will be a necessity for years to come.”

Hence, therefore, the company’s attractiveness to Teqnion, which the Swedish company described in their public announcement as “the consistently high standard of the service and solutions provided which have earned the business a rock-solid reputation and deep, long-standing relationships”.

Johan Steene, CEO of Teqnion, added: “Surge is a fantastic company, a typical Teqnion business, run by fantastic people. The demand for their products in the UK is surging and the company is well-positioned to ride the wave.

“We couldn’t be happier to welcome the Johnson family and their team to our family.”

Ian Johnson, CEO of Surge Protection Devices, commented: “We feel Surge and Teqnion is a great match and are happy to have found a forever home with people that share the belief that the key to building a successful company is through the strength of its people and the enduring relationships they build and maintain.”

Charles Needham also felt the two companies are forming an ideal connection. “The buyer had to fit the bill perfectly and I think we achieved this in Teqnion,” he said. “The client was really keen on them as an acquirer.

“Teqnion were excellent to work with and I eagerly look forward to working with them again.”

acquired by

Surge Protection Devices Ltd
Sector: Electrical Safety
Location: Greater Manchester
Buyer: Teqnion

 

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Completed Sale

Andrew Forbes Ltd

Andrew Forbes, a firm of chartered surveyors with six offices in England and Wales, has been sold to Eddisons in a deal overseen by Paul Liptrott, KBS Corporate Deal Executive.

With its headquarters in Bristol, Andrew Forbes also operates from Bath, Cardiff, Cheltenham, Oxford and Swindon, having been established in 1995 and achieved a reputation for providing high-quality advice on a wide range of commercial and residential properties for owner occupation, investment or development.

The company’s 18 employees are being integrated with Leeds-based national property consultancy Eddisons, which has a network of more than 25 offices across the UK and now has a valuations team exceeding 100 among its staff of over 400.

“Andrew Forbes wanted to find a buyer that could satisfy the objectives of three shareholders who all had differing objectives,” explained Paul Liptrott after completing the sale.

“Two shareholders were retirement-planning, although only one of them was to retire immediately after the transaction. Two of the shareholders wished to continue working within the profession, so it was important to find a buyer that could be a good fit.”

One of the UK’s fastest-growing property consultancies, Eddisons’ presence in the South West of England has been significantly boosted as a result of this acquisition.

“The buyer recognised Andrew Forbes operated in a geographical location they had planned to provide further services within,” added Paul.

“The reputation they had built since 1995 and the success of Andrew Forbes in this area of professional services had appealed to several buyers. However, Eddisons were much more appreciative of the value this would bring. They had criteria that had been met in every aspect with Andrew Forbes.”

David Chichester, managing director of Andrew Forbes, said: “We are excited to be joining the Eddisons team as there is a natural overlap with the services we offer and an opportunity to work with like-minded individuals. This strengthens our proposition to clients and I look forward to developing the opportunities the deal presents.”

Eddisons’ managing director Anthony Spencer added: “The acquisition complements our existing strength in valuations and I look forward to working with David and the team to seek opportunities for further growth.”

The sale was also one that ticked all boxes from KBS’ perspective. “Andrew Forbes were an absolute pleasure to work with, which made the process extremely successful and we found the perfect buyer within a short scope of time,” said Paul Liptrott.

“The communication I had working with Andrew Forbes was a cut above the rest. The shareholders trusted my advice and clearly communicated their requirements and preferences.

“Working together in such a manner was instrumental to the success of the deal. I have no doubt the spirit they showed during the deal will transmit going forwards working with Eddisons.”

Paul’s work was supported by KBS colleagues Lile Ashley, Research Analyst, who identified the buyer and many other potential acquirers who impressed Andrew Forbes, and Daniel Calderbank, Document Writer, who prepared the information memorandum.

acquired by

Andrew Forbes Ltd
Sector: Professional Services
Location: Bristol
Buyer: Eddisons

 

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Completed Sale

Effipap Ltd

Effipap Ltd has been sold to solid fuel and gas products supplier Fuel Express in a deal overseen by Daniel DiMarco, KBS Corporate Deal Executive.

Established in 2016, Effipap initially traded as a distribution business, delivering leaflets and telephone directories throughout the UK.

In 2020, the owners sought to expand the Wiltshire-based company by directly marketing, retailing and distributing solid fuel materials under a variety of brand names, with a focus on wood pellets and kiln-dried firewood.

Fuel Express, based in Wakefield, sells its own branded products including lumpwood charcoal, heat logs, barbecue briquettes, salt for paths and driveways and screenwash, as well as Calor gas canisters.

Kirsty Poynton, KBS Senior Document Writer, underscored the most appealing aspects of Effipap when preparing the marketing portfolio for the opportunity.

“Effipap’s brands and established, nationwide customer network provided a strong focal point for the documentation,” said Kirsty.

“With the company having diversified into the marketing, retailing and distribution of solid fuel materials in 2020, I was able to build upon its considerable progression by highlighting a wealth of development opportunities which utilised the vast asset register and industry connections already in place.”

A synergistic buyer appeared a natural fit for Effipap and that is exactly what came to pass, with Fuel Express offering a complementary service.

“The buyer has purchased the company for his son-in-law, who was already in the process of running a small fuel business,” explained Daniel DiMarco.

“This acquisition will enable them to grow their client base and progress their business forwards through acquisition, rather than having to invest into their existing company and grow organically over the next few years.”

Shazaman Ali, KBS Corporate Senior Research Analyst who managed the sale’s outreach process, added: “KBS has a proven track record of successful deals with similar operating businesses, and this transaction stands out as one of the quickest handovers to date.

“Effipap instantly piqued the interest of private equity firms and trade buyers when it entered the market.

“Given recent government changes in the UK and Europe, the demand for Effipap products is poised to grow, making it a sustainable, long-term business with a solid foundation.”

acquired by

Effipap Ltd
Sector: E-commerce
Location: Wiltshire
Buyer: Fuel Express

 

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Completed Sale

Law Print & Packaging Management Ltd

Stockport-based Law Print & Packaging Management Ltd (“Law Print”) has been sold to South East Asia’s leading fully-integrated packaging manufacturer in a deal overseen by KBS Corporate Finance.

Law Print offers extensive packaging solutions services worldwide, from design, printing and quality assurance through to international logistics management.

Law Print works with a global network of accredited packaging manufacturers and suppliers, with pet food packaging being one of its specialist areas of expertise.

The successful acquirer is SCG Packaging (SCGP), a company listed on the Stock Exchange of Thailand with a comprehensive and diverse portfolio of more than 120,000 different products including retail display packaging, grocery bags, medically related items and labware.

The transaction was made through SCGP Solutions (Singapore) Pte, a wholly owned subsidiary of Bangkok-based SCGP, and will expand SCGP’s sales channels and customer networks with a focus on the premium market of fast-growing pet food manufacturers in the UK and across Europe.

Further synergies include the cross-selling of other SCGP consumer packaging products to multi-national clients with which Law Print has a long-term association.

Law Print’s owners Tim and Morven Law commissioned KBS Corporate Finance for the sale of their business and were advised by John Hunt, Corporate Finance Director, and Annie Pritchard, Corporate Finance Assistant Manager, along with Gateley Legal and Holly Bedford, K3 Tax Advisory Managing Director.

Tim Law, founder and shareholder of Law Print, commented: “At the start of this process, we set out with a clear intention to find a purchaser who could bring significant synergies to the table. I am convinced the depth and knowledge that resides within the SCGP Group will ensure further growth and security for Law Print and its tremendous team in the future.

“After nearly two decades of trading autonomously, this marks the commencement of a new and promising chapter. It will be business as usual for Law Print as we maintain our current management, operations, customers and brand identity.

“However, this deal will further support the company’s continued growth with an enhanced product offering and new market development, whilst helping drive SCGP’s expansion into the UK, Europe and North America.

“The union between our businesses presents a host of exciting synergies and benefits to our existing and new clients. These include an enhanced product portfolio, heightened sustainable practices to which SCGP and Law Print are hugely committed, and expanded reach which enables us to explore further into North America to a more diverse and extensive customer base.

“This collaboration is set to expedite our mission to deliver pioneering, forward-thinking flexible packaging solutions.”

John Hunt and Annie Pritchard of KBS Corporate Finance expressed how much they had enjoyed working on the transaction.

“Tim, Morven and the entire Law Print team have been great to work with over the course of our engagement,” said John. “The deal provides for a full exit for Tim and Morven, enabling them to spend more time with family.

“Under Carole Bayne’s continued leadership with support from SCGP, we are more than confident Law Print has a very bright future ahead.”

acquired by

Law Print & Packaging Management Ltd
Sector: Printing and Packaging
Location: Greater Manchester
Buyer: SCGP

 

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Completed Sale

Nationwide Specialist Projects (NSP) Ltd

Nationwide Specialist Projects (NSP), a market leader in the smoke and ventilation industry, has been acquired by TIS in a deal backed by Key Capital Partners (KCP), the UK’s leading investor in mid-market SMEs.

Kidderminster-based NSP is dedicated to enhancing industry standards through innovation and technical advancements, benefitting from 13 years of experience at the forefront of the sector.

Demonstrating significant year-on-year growth since its inception, NSP now offers an extensive range of next-generation solutions, encompassing smoke ventilation systems and project management services.

The sale of NSP was led by Jay Singh, KBS Corporate Finance Director, with support from Richard Stocks, Senior Research Analyst, and Alex Foster, Senior Corporate Document Writer.

Commenting on the transaction, Richard Stocks said: “Whilst we have done a large number of deals in the fire and security sector, this is the first smoke ventilation contractor KBS has represented on the market.

“NSP generated interest from a broad range of buyers, including private equity houses, competitors and synergistic buyers, such as TIS. This industry is going to be a significant growth area over the coming years due to Grenfell regulations, accounting for retrospective work and new build projects.”

TIS is a national systems integrator, specialising in digital transformation, communications and security systems to satisfy commercial requirements across multiple sectors.

The organisation operates from offices in Birmingham, Leeds, Mansfield, Nottingham and Uxbridge, extending its growing range of services to clients across the UK.

Following the acquisition, NSP will continue operating from its Kidderminster headquarters, strengthening TIS’ presence in the West Midlands.

James Twigg, CEO of TIS, said: “This acquisition is a decisive step forward for TIS, leveraging our recent growth capital to realise our broader vision of bringing processes and innovations that improve the way the world is protected as it lives and works.

“The deal strengthens our core capabilities and provides opportunities to enter other high-growth sectors such as residential developments. Together with NSP, we are bridging an important gap in fire safety and smoke control.”

Lee Hewings, Managing Director of NSP, is delighted with the outcome of the sale: “NSP’s journey to this point has been about forging valuable collaborations and I am excited about the immediate opportunities our partnership with TIS will bring, enabling us to offer our innovative smoke control services, expertise and knowledge to a much larger audience.

“There are many similarities commercially and culturally between the way TIS and NSP operate, and I believe TIS’ flexible, innovative approach to the design, installation and maintenance of integrated life safety and security systems will complement us well, bringing significant additional value to our customers.”

Jay Singh added: “NSP is an excellent business led by an exceptional management team. This transaction allows the shareholders to de-risk, but also retain their roles to help deliver exciting growth plans under the umbrella of the TIS Group. It was a pleasure to advise the shareholders and bring the deal to a successful conclusion.”

acquired by

Nationwide Specialist Projects (NSP) Ltd
Sector: Smoke and Ventilation
Location: Worcestershire
Buyer: TIS

 

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Completed Sale

Project Better Energy

Project Better Energy (PBE) has received major investment from private equity house Freshstream.

Founded in 2012, PBE has evolved from a solar solutions specialist to a market leader in the UK’s green energy sector, delivering an extensive range of applications to serve growing residential and commercial demands.

Across its core brands — Project Solar UK, Project EV, Project Curv and Zanussi — the Burton upon Trent-based organisation offers solar panels, battery storage, commercial EV chargers and domestic energy sources on a wholesale basis.

Throughout the process, PBE’s shareholders were advised by David Gardner, Jack Ford and Stuart Lees of KBS Corporate.

David Gardner advised: “PBE has successfully introduced a complete service offering to the green energy market. The business has built on its initial solar offering for the direct-to-consumer market and is now exploring relationships with national housebuilders and commercial leaders to deliver a variety of energy-efficient applications.

“With evolving regulations across the UK, including the mandatory laws relating to the installation of EV charging stations with all new properties, PBE is preparing to explore commercial opportunities at the right time.”

The strength of PBE’s offering led to significant interest from trade buyers and investors in the M&A market; however, Freshstream’s long-term objectives aligned perfectly with PBE’s goals.

Operating across Western Europe, Freshstream has established itself as a major private equity house with a particular focus on the UK and Benelux markets.

Freshstream invests in organisations that demonstrate strong cultural values and contribute positively to society. The firm’s existing portfolio includes UK investments such as Taziker, Radley London, DeterTech and Avicenna.

Simon Peat, CEO of PBE, said: “We are thrilled to be teaming up with Freshstream and look forward to working together as we continue our ambitious growth strategy. Their expertise and investment will enable us to further accelerate our expansion plans, both organically and through acquisitions.”

Gilles Gradassi, Freshstream Director, is also excited to see PBE grow over the coming years: “Following a series of legislative and policy commitments to mitigate the impact of global climate change, there has never been a more important time to invest in solutions aimed at expanding clean power availability and energy efficiency.

“PBE is one of the most exciting players in the UK green solutions market and the investment in the business demonstrates our commitment to supporting innovative, entrepreneurial companies solving complex issues, including the decarbonisation of the economy.

“Reaching net zero will not be achievable without private capital investment and we are confident that PBE will continue to find innovative, cost-effective solutions to support consumers, businesses and local authorities through the energy transition and make a real difference.”

David Gardner added: “PBE was a fantastic opportunity to present to investors across the industry. Freshstream has a great knowledge base and the resources required to succeed in the growing green energy space.

“PBE has made the necessary changes to cement itself at the forefront of its industry, and with Freshstream’s partnership, the business can continue to grow organically and fulfil an array of exciting commercial opportunities over the coming years.

“We have closed a collaborative deal and I am delighted that everyone is eager to see how PBE can develop with Freshstream’s investment.”

During the process, PBE was supported by Ian Roberts, Kirsty Wilson, Richard Life and Kelly Clarke of TLT Solicitors. Grant Thornton and the Wilkes Partnership advised Freshstream throughout the transaction.

acquired by

Project Better Energy
Sector: Renewable Energy
Location: Staffordshire
Buyer: Freshstream

 

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Completed Sale

IBIT Solutions Ltd

Coventry-based IT company IBIT Solutions has been sold to Techsol Group in a deal overseen by KBS Corporate.

IBIT is a complete IT and network solutions company, offering full support and installation services for businesses of all sizes.

Kevin Lawless founded IBIT in 2005, building a reputation for providing high-quality IT services comprising cybersecurity, hosting, broadband and connectivity support and VOIP phone systems.

Techsol Group’s origins were as Micross Apps, a software development house founded in South Wales in 1996, with a 2012 acquisition broadening its geographical reach to Cornwall.

Further expansion has subsequently taken place across the South West of England and now the acquisition of IBIT has established a base for Techsol in the Midlands, enabling the digital transformation company to offer a more diverse service offering to its customer base across the region.

Simone Lawless, Director of IBIT Solutions, said: “We are delighted to have completed this union between ourselves and Techsol Group – in whom we have found a partner who shares our determination to provide service excellence to our clients but who can also add scale and reach both in terms of resource, geography and technical practice groups.

“This partnership will allow us to expand our combined operations and offer more products and services to both existing and new clients.

“We are truly excited to have the opportunity to work alongside the Techsol Group team and be guided by them over the coming months and years.”

Luke Rae, KBS Corporate Deal Executive, who negotiated the sale, said: “It was a complex and challenging process and I’m delighted to have supported Simone to bring it to a successful conclusion.

“IBIT has truly found a great new home and will continue to offer a truly fabulous service to both existing and new clients alike.”

Gavin Morgan, Managing Director of Techsol Group, which now employs more than 40 staff in England and Wales, added: “We are very excited about this new chapter. We look forward to growing our new Coventry base and providing our customers with the best possible service and solutions.”

acquired by

IBIT Solutions Ltd
Sector: IT and Software
Location: Warwickshire
Buyer: Techsol Group

 

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Completed Sale

MD Consents Ltd

MD Consents, a specialist provider of software-as-a-service (SaaS) solutions for the healthcare sector, has been sold to US-based EngagedMD.

Founded in 2017, London-based MD Consents is on a mission to transform the informed consent process across the UK’s healthcare industry.

The company, led by Susan Diamond and Tony Marven, has developed a cloud-based SaaS platform for the benefit of clients in the public and private healthcare markets.

The strength of MD Consents’ offering has provided access to NHS procurement contracts and the government’s Digital Marketplace via G-Cloud 12.

The sale was overseen by Steve Alcock, KBS Corporate Deal Executive.

“MD Consents boasts an innovative SaaS platform and a strong client base, accounting for relationships with key NHS trusts and private healthcare providers,” said Steve. 

“The company was immediately an attractive opportunity for potential buyers looking to access larger contracts in the UK market.” 

EngagedMD, based in Washington D.C, has acquired MD Consents as part of its long-term strategy to enter the UK healthcare sector.

Throughout its time in operation, EngagedMD has developed intuitive solutions that automate administrative tasks throughout the healthcare delivery process. Consequently, the US-based company has served over 20,000 clinicians and facilitated eight million signed forms. 

MD Consents director Susan Diamond said: “The combination of the EngagedMD and MD Consents platforms ensures our customers will continue to benefit from a robust consenting platform.

“We look forward to continuing to respond to our customers’ challenges and delivering more innovative features and services.”

Taylor Stein, co-CEO of Engaged MD, said: “EngagedMD and MD Consents share a common vision – to improve patient experiences through informed decision-making. This acquisition is a significant step forward in realising that vision on a broader scale.”

Steve Alcock added: “I have enjoyed working with Susan and Tony throughout the sale and wish them all the best in the future at MD Consents and beyond.”

acquired by

MD Consents Ltd
Sector: Healthcare Software
Location: London
Buyer: EngagedMD

 

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Completed Sale

Chiltern Solar Ltd

Solar panel installer Chiltern Solar Ltd has been sold to environmental and ecological services company Agrivert in a deal overseen by KBS Corporate.

Chiltern Solar, based in Chesham, Buckinghamshire, specialises in the design, supply and installation, around London and the home counties, of solar photo voltaic (PV) systems which generate clean and efficient energy for households and businesses.

Directors Steve and Julie Gamston instructed KBS Corporate to preside over a sale of their business, which they founded in 2011, to facilitate their retirement plans, believing they had taken the company as far as they could and that the timing was prime for a larger corporate entity to continue the growth.

Agrivert was identified as a suitable acquirer in its desire to diversify its service offering. The Chipping Norton, Oxfordshire-based company, founded in 1994, is an award-winning provider of organic waste management solutions, operating recycling and renewable energy plants both in the UK and internationally.

Luke Rae, the KBS Corporate Deal Executive who oversaw the transaction, said: “Chiltern Solar is a magnificent business at the forefront of renewable technology. The acquisition by Agrivert will allow continued development in a high-growth sector whilst continuing high standards of customer service and environmental protection.

“The business will provide a further sting to Agrivert’s offering and allow them to enter a new sector whilst also maintaining the high standard of services they offer.”

A transition period will now take place during which Agrivert will integrate Chiltern Solar’s operations team and processes into the wider group and allowing, in time, for Steve and Julie Gamston to retire.

Steve Gamston said: “Julie and I are very excited that Chiltern Solar is joining forces with Agrivert for the next chapter of business growth and expansion. This strategic move opens doors to new resources, expertise and opportunities and will enable the business to extend its reach and increase its impact in the solar PV marketplace.

“Our decision to sell Chiltern Solar was made with confidence in Agrivert’s commitment to upholding our values, their proven track record in the renewable energy sector and their vision for continued growth and success.”

Phil Earl, chief executive of Agrivert, added: “Expanding our capabilities into other forms of renewable energy is an important next step for the group as we continue to grow.

“This acquisition allows us to widen our customer base but also enables us to bring new solutions to our existing customers and opportunities for our staff.

“We have been very impressed with Chiltern Solar’s growth in recent years, their capability and expertise in solar PV and we look forward to accelerating that as part of Agrivert.”

acquired by

Chiltern Solar Ltd
Sector: Renewable Energy
Location: Buckinghamshire
Buyer: Agrivert

 

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Completed Sale

Euro Tool Hire and Sales (South West) Ltd

Euro Tool Hire and Sales (South West) Ltd has been sold to a leading southern tool hire business in a deal overseen by Adam Nelson, KBS Corporate Deal Executive.

With three depots, in Redruth, St Austell and Helston, Cornwall-based Euro Tool has been operating in the regional plant and equipment hire market for almost 30 years. 

Craig Williams, Euro Tool’s Managing Director, instructed KBS Corporate on the sale of the business as he was ready to pursue new opportunities.

Adam Nelson said: “Euro Tool benefits from long-standing customer relationships and good market access via three depots across Cornwall.

“Craig had led Euro Tool for nearly 30 years and I was delighted to assist him in finding the right buyer that can take the business forward while he enjoys the next chapter of his life.”

When marketing the business and liaising with prospective buyers, Adam was supported by Sara Fletcher, Senior Corporate Document Writer, and Drixie Espiritu, Research Analyst. 

Sara Fletcher advised: “Euro Tool was in a strong market position and generating a steady flow of revenue. Naturally, we wanted to highlight its prominent location and industry reputation, showcasing the company’s potential for expansion across South West England.” 

Whilst there was interest from both trade buyers and investors, Alliance Tool Hire submitted the successful offer and demonstrated a long-term vision for Euro Tool.

Alliance Tool Hire is pursuing growth across Southern England and Euro Tool will join the business’s eight affiliated branches, which include those in London, Salisbury and Poole. 

A statement from Alliance Tool Hire South West confirmed the three Euro Tool branches had joined their existing Cornwall operations in Truro and Penzance.

“We believe this will enable us to look after our customers brilliantly everywhere in Cornwall,” the statement said.

“The combined hire fleets have over £3m of equipment, enabling us to service almost all the tool and plant needs of our customers in Cornwall.

“Euro’s equipment fleet includes significant plant equipment from mini-diggers to larger diggers and dumpers, ensuring customers at all five branches can get what they need from us.”

Adam Nelson added: “I am delighted with the outcome of the sale. Due to the vast experience Alliance has in the sector, I believe Euro Tool will be an excellent fit.”

acquired by

Euro Tool Hire and Sales (South West) Ltd
Sector: Tool and Plant Hire
Location: Cornwall
Buyer: Alliance Tool Hire (South West)

 

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Completed Sale

Dave Jessop Ltd

Dave Jessop Ltd, a roofing specialist based in Hull, has been successfully acquired by a private investor in a transaction overseen by Luke Rae, KBS Corporate Deal Executive.

Operating for over 30 years as a family-run business, Dave Jessop has vast experience in the industrial, domestic and agricultural markets.

Manufacturing and supplying an extensive range of roofing solutions, key products include bespoke sheeting, guttering and flashings.

Luke Rae advised: “Dave Jessop has continued to grow since its inception, benefitting from decades of experience and great customer feedback.

“The founders, Dave and Davena Jessop, felt that now was the right time to explore a business sale as they looked towards their retirement.”

The successful offer came from Pierce and Geddes Investments, led by David Pierce. The acquisition of Dave Jessop will allow the new owner to diversify an existing investment portfolio.

Dave and Davena Jessop are delighted with the outcome of the sale and believe they made the right choice in choosing KBS Corporate as their business sales adviser.

The founders said: “KBS Corporate made the whole process as easy as possible. Luke Rae answered any questions we had promptly and professionally.”

Luke added: “I’m pleased that all parties are satisfied with the deal, ensuring Dave and Davena will have a comfortable retirement and can concentrate on time with their family.

“I am confident that David Pierce will maintain the success of the business moving forward, working alongside the existing workforce to expand further.”

During the sale, Dave Jessop was supported by Qachina McKeefery, KBS Corporate Document Writer, and Guvvy Sandhu of Mackrell Solicitors.

acquired by

Dave Jessop Ltd
Sector: Roofing
Location: Hull
Buyer: Pierce and Geddes Investments

 

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Completed Sale

McNicoll Vehicle Hire Ltd

Joe Norris, Associate Corporate Director at KBS, has advised on the sale of commercial leasing company McNicoll Vehicle Hire to Avis Budget Group.

Founded in 1971, McNicoll is one of the largest vehicle hire companies in Scotland, boasting a fleet of over 1,400 vans, cars and buses.

Operating with offices in Edinburgh, Newbridge and Livingston, McNicoll has cemented itself as a market leader and received Business Reporter’s Best of British Award 2022.

“McNicoll was very attractive from a profitability perspective and due to its modern, well-maintained fleet of vehicles,” said Joe Norris.

“There was a great opportunity for a buyer to seamlessly integrate McNicoll’s fleet into their own without the need for repairs and replacements.”

Directors David and Gillian Stewart instructed KBS Corporate on the sale of McNicoll as they believed it was the right time to partner with a larger firm and push the business to its next level.

Sara Fletcher, Senior Corporate Document Writer at KBS, worked alongside the shareholders to create engaging marketing materials that highlighted McNicoll’s strengths.

Sara advised: “When marketing the business, it was important to focus on McNicoll’s status as Scotland’s largest vehicle rental company, highlighting its substantial fleet of vehicles and long-term customer relationships to establish it as an opportunity with scope for further growth.”

McNicoll generated significant interest across the commercial leasing M&A market, with the successful offer being received from Avis Budget Group.

With operations in 180 countries, Avis is a global organisation in the leasing and rental sector, benefitting from an international fleet of 655,000 vehicles.

McNicoll will join Avis’s 10,250 rental locations, becoming a Scottish base from which Avis will pursue further expansion.

Alan Oliver-Smith, Avis’s UK General Manager, said: “Investing in Scotland, broadening our vehicle rental offering and working alongside a locally owned and well-renowned business is a core focus for us.

“As we venture into this exciting partnership, we look forward to building on the McNicoll team’s passion and expertise for short-term and long-term vehicle hire.”

David Stewart, McNicoll’s Managing Director, added: “The values of Avis are strongly aligned with those of McNicoll and our combined vision for the future gives our talented local staff amazing opportunities to develop their careers.

“By combining the strengths of the two companies, we can provide our loyal customer base with an even better rental experience whilst also attracting new customers across Scotland. We’re very much looking forward to a bright future.”

Commenting on Avis’s acquisition, Joe Norris said: “Avis is one of the largest vehicle rental companies in the world, so this feels like the perfect fit for McNicoll.

“Avis was attracted to McNicoll’s extensive fleet, strong customer relationships and sustained growth over recent years. I am delighted with the outcome we achieved for David and Gillian in terms of the value generated and the new home we have found for their business.”

acquired by

McNicoll Vehicle Hire Ltd
Sector: Commercial Vehicle Leasing
Location: Scotland
Buyer: Avis Budget Group

 

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Completed Sale

LTM Design Ltd

LTM Design, a specialist provider of end-to-end traffic management solutions, has been sold to The Traffic Group (TTG) in a deal overseen by Charles Needham, KBS Corporate Deal Executive.

Founded in 2015, LTM, based in Leighton Buzzard, Bedfordshire, offers specialist project management services across the commercial and public sectors.

The business benefits from relationships with local authorities, traffic management groups, civil engineering firms and construction companies.

Commenting on LTM’s value, Charles Needham said: “The business has grown with the presence of continual, repeat custom and its ability to implement a successful referral scheme.

“LTM’s existing management team benefits from vast experience in the traffic management market and was key to driving interest in the opportunity.”

TTG, which formerly operated as AGD Group, has acquired LTM as part of its long-term strategy to address the wider needs of the traffic market.

Lee Philliskirk, managing director of LTM Design, said: “We saw the acquisition as an opportunity to evolve how LTM operates as a business, finding new ways to deliver traffic management while making use of the latest technology.

“We are excited by the prospect of supporting product development and sharing innovation with our combined customer base.”

Over recent years, TTG has developed a portfolio of businesses that are dedicated to designing solutions which create safer and more efficient traffic and transport environments.

Following the completion of the sale, LTM will operate alongside TTG’s growing group of traffic management and system companies, including AGD, MAV Systems and Traffic Group Signals.

Pete Hutchinson, TTG’s Managing Director, said: “With the addition of Lee and the team at LTM, we are committed to ensuring our customers exploit all the benefits of our new technology with greater levels of support.

“This collaboration represents a significant milestone in our journey to create safer, greener and more efficient traffic management systems.”

Charles Needham added: “I am satisfied we found a suitable buyer and negotiated a deal that will allow LTM to grow as part of a larger group.

“I wish LTM and TTG all the best in the future.”

acquired by

LTM Design Ltd
Sector: Traffic Management
Location: Bedfordshire
Buyer: The Traffic Group

 

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Completed Sale

Revell Ward Ltd

Accountancy firm Revell Ward has been acquired by private equity-backed DJH Mitten Clarke in a deal overseen by Jay Singh, KBS Corporate Finance Director.

Revell Ward offers a complete commercial solution, providing bespoke financial and business support services to companies and private clients across Yorkshire.

The firm was founded in 2008 following a management buyout of Mazars’ Huddersfield office and, over the course of 15 years, has cemented itself at the forefront of the regional financial sector.

Revell Ward is managed by directors Karen Borowski, Jennifer Davies and Lesley Sutton, who instructed KBS on the sale of the business as part of the firm’s long-term growth strategy.

Richard Stocks, Senior Research Analyst at KBS Corporate, managed the buyer outreach process and was excited to present the opportunity to the financial M&A space.

“Revell Ward has a strong market presence and high-quality client base,” said Richard. “It was an attractive prospect for potential acquirers as a regional firm with a one-stop shop service.

“The company generated multiple offers that presented Karen, Jennifer and Lesley with varying valuations and structures. We were in a suitable position to positively negotiate and advise on different opportunities that could fulfil their eventual exit.

“The financial M&A industry is observing increased private equity interest as major investors look to enter the market and consolidate.”

The successful offer came from DJH Mitten Clarke, an award-winning accountancy firm with offices in Stoke-on-Trent, Chester, Leeds, Manchester and Walsall.

DJH Mitten Clarke recently received backing from private equity investor Tenzing Capital, an investment specialist focused on high-growth SMEs in the UK and Europe.

The acquisition of Revell Ward facilitates DJH Mitten Clarke’s long-term vision, benefitting from the synergies presented by high-quality regional firms while enhancing the organisation’s geographical reach.

Scott Heath, CEO of DJH Mitten Clarke, said: “Our partnership with Revell Ward further strengthens our foothold in the North, ensuring clients across the region benefit from exceptional services and business advice.

“Our aim is to further solidify our commitment to developing top accountancy talent through investment in training and providing tailored solutions that empower businesses to succeed.”

Karen Borowski added: “The alignment of values between Revell Ward and DJH Mitten Clarke will ensure the seamless integration of our technology, services and teams. We’re extremely excited about the future and the opportunities that the partnership will create for both our team and our clients.

“We are proud to be Huddersfield’s trusted accountancy firm and will remain at the heart of West Yorkshire’s business community.”

Jay Singh believes the professional services market is primed for consolidation, with KBS Corporate benefitting from strong relationships with key acquirers and investors. He said of the deal: “It was a pleasure to advise Revell Ward’s shareholders and see the business pass on to a larger group that secures the long-term future of the firm.

“Whilst we generated significant interest and multiple offers, the key for this transaction and identifying DJH Mitten Clarke as the preferred bidder was to ensure that the businesses were strategically and culturally aligned, which ultimately facilitates a smooth integration process.”

acquired by

Revell Ward Ltd
Sector: Accounting and Finance
Location: Yorkshire
Buyer: DJH Mitten Clarke

 

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Completed Sale

KJ Fasteners Ltd

Matthew Sibley, KBS Corporate Associate Director, has advised on the sale of KJ Fasteners to a Gateshead-based industrial specialist – who described the acquisition as “smooth and collaborative”.

Founded in 2006, KJ Fasteners has established itself as a regional leader in the West Midlands for quality structural solutions.

The business’s dedication to providing an exceptional standard of service has led to long-standing client relationships in numerous markets, including power transmission, structural engineering, mining and water supply.

Founders Kevin Jew and Kenneth Mole instructed KBS Corporate on the sale of KJ Fasteners to facilitate their wider retirement plans.

The successful offer for the business came from D.P. Fasteners, part of The Industrial Mandate Ltd group. D.P. Fasteners is an innovative service provider operating in the structural industry that prioritises collaboration and high-frequency communication to deliver best-in-class results.

Matthew Sibley advised: “D.P. Fasteners has a strong foothold in the North East and felt it was the right time to extend its geographical reach.

“KJ Fasteners is a company of similar size and structure that will complement D.P.’s core offering and allow the business to really accelerate its growth trajectory.”

Matt Kenny from The Industrial Mandate Ltd (TIM) commented: “We are delighted to welcome KJ into our group. With a strong heritage in specialist fastener sectors, in particular power transmission and heavy infrastructure, we are confident the business will thrive alongside TIM group subsidiaries D.P. Fasteners and North East Fasteners.

“Our thanks go to KBS for leading a smooth and collaborative process.”

Matthew Sibley added: “Kevin and Kenneth were exceptional to work with throughout the sale and remained committed to securing the right deal for both companies.

“I wish both businesses the best of luck as they grow together over the coming years.”

During the sale, KJ Fasteners was supported by solicitor Anna McGill of Keystone Law.

acquired by

KJ Fasteners Ltd
Sector: Industrial Bolting
Location: West Midlands
Buyer: D.P. Fasteners

 

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Completed Sale

Prigmore Haulage Ltd

A “quick and easy” sale of Prigmore Haulage Ltd, overseen by KBS Corporate, has been praised by the family of the company’s founders, who are now able to retire.

Started in 2000 as a sole tradership by Patricia Prigmore, the Wellingborough-based business has expanded from having a single van delivering hazardous loads for local customers to becoming a limited company with a fleet ranging from 7.5-tonne vehicles up to 44-tonne artics.

Patricia and Kenneth Prigmore have now had their retirement plans enabled by a partial share-sale to Explore Transport and Plant Hire, which is based in Worksop with depots around England, most of which are in the Midlands.

Katherine Prigmore, daughter-in-law of the founders and who joined the business in 2015, is staying on with her husband, Richard, following a transaction in which she praised the part played by Adam Nelson, KBS Corporate Deal Executive.

“The partial sale of Prigmore Haulage Ltd has allowed my in-laws to retire and my husband and myself to continue running the company,” said Katherine. “We have partnered up with a larger company with aspirations to continue to grow on a larger scale than we could have imagined.

“KBS have been honest throughout and there when we needed them. When the offer came through, Adam talked us through the whole process and ensured he had our best interests at heart. This allowed for a quick and easy sale which has taken two months from offer date to completion.

“We are very happy with their service in general from marketing through to sale, enabling Prigmore Haulage to go on and flourish and allow my in-laws to retire in the knowledge their legacy will continue.”

Adam Nelson added: “Prigmore Haulage stood out as it has a strong 20-years-plus history which has helped it to develop a great reputation.

“Through achieving a deal, Patricia and Kenneth Prigmore are now able to step back and retire, while Katherine and Richard can accelerate the business forward with the partial share-sale. I believe this has allowed the family to meet their expectations and move on to their next chapter.

“Explore Transport’s interest was discovered through KBS and we have achieved a very timely deal due to great efforts from all involved.

“I’m happy we have achieved the deal the Prigmore family were looking for and I’m excited to see how the business develops. I wish all parties the best of luck moving forward.”

Adam was also keen to praise the “excellent job” done in providing support and expertise on the deal by Adam Gilbert, Deni Slaveva and Harriet Woolley of AG Corporate Law.

acquired by

Prigmore Haulage Ltd
Sector: Haulage and Transportation
Location: Northamptonshire
Buyer: Explore Transport Ltd

 

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Completed Sale

Lifecast Body Simulation Ltd

Lifecast Body Simulation Ltd, the globally renowned leader in the design of medical manikins, has been sold to German-based company 3B Scientific.

Ian Barton, Managing Director of our corporate finance team in London, led the transaction with support from Richard Hill and Tom Egan.

Launched in 2017 and based in Borehamwood, Lifecast has invested heavily into the development of a range of highly accurate and lifelike medical manikins which are transforming the way medical simulation and education are delivered and absorbed.

Designed and produced at Elstree Film Studios in London and in Sarasota, Florida, every manikin demonstrates a remarkable level of realism and quality. Lifecast has been developed using a combination of expertise from paramedics, leading medical experts and the film special effects industry. 

Lifecast manikins are anatomically correct, with a range of models reflecting all age groups from pre-term babies through to elderly adults. With different genders, ethnicities and medical conditions, Lifecast manikins represent the world’s diverse population and improve learning outcomes. The manikins are used by medical training institutions globally.

Hamburg-based 3B Scientific, established in 1948, is a global provider of state-of-the-art medical simulators, catering to medical education training providers across all levels with a strong presence in over 120 countries.

The acquisition enables 3B Scientific to secure access to a market-leading and complementary product portfolio and is expected to provide Lifecast with additional resources to further invest in its product range and build on existing sales channels.

Ian Barton said: “It has been a real pleasure working with the Lifecast team to achieve this sale to 3B Scientific. 

“Lifecast has created an exceptional product range and recognition must be given to the team for this innovation, combining extraordinary creativity and craftsmanship with leading medical knowledge.

“With 3B Scientific, Lifecast is well placed to take the business forward and create further advancements in the medical simulation industry.

“We are really pleased to have delivered this transaction and look forward to seeing the team’s continued and combined success alongside 3B Scientific in the coming years.”

Lifecast co-founder and director Dave Halliwell said: “Ian and Richard’s advice, support and persistence were essential and generated real value for the shareholders in what has been a complex deal. With many intricacies to navigate, their pragmatic approach to solving challenges as they arise has been extremely valuable and greatly appreciated. 

“We would like to thank Ian and the team for their hands-on advice throughout the process, handling a variety of challenges in a robust and supportive manner and would not hesitate to recommend them to prospective clients.”

Todd Murray, CEO of 3B Scientific, added: “We are extremely excited to welcome Lifecast into the 3B Scientific family where, combined with our strength in manufacturing and distribution, we look forward to continuing our now collective mission of advancing the delivery of medical and healthcare education worldwide.”

Our team worked with Adam Dowdney, Tim Cargill and Fiona Kelleher of IBB Law LLP to deliver the transaction.

acquired by

Lifecast Body Simulation Ltd
Sector: Medical Simulation
Location: London
Buyer: 3B Scientific

 

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Completed Sale

Proactive Mobility Ltd

Proactive Mobility (trading as E-GOES) has been sold to Medical First in a deal overseen by Matthew Sibley, KBS Corporate Associate Director.

The Warwickshire-based mobility equipment specialist offers a broad range of services, including installation, testing and ongoing maintenance.

Over the past 10 years, Proactive Mobility has established itself as a regional leader by serving care homes, nursing homes, medical facilities and domestic customers.

Shareholders Mark Green and Chris Hendon decided to sell the business as part of their wider retirement plans.

Matthew Sibley worked alongside Mark and Chris to find a buyer that would be able to further strengthen Proactive Mobility’s offering over the coming years.

“Proactive Mobility has a strong presence within its market, making it an ideal acquisition for a buyer looking to diversify their existing services,” said Matthew.

Sara Fletcher, Senior KBS Corporate Document Writer, supported Matthew when marketing the business and said: “I wanted to create marketing materials that focused on the unique nature of the company’s products and their potential, highlighting the growing requirement for mobility devices across the UK’s ageing population.

“Mark and Chris were great to work with, ensuring we were able to bring their company to market promptly.”

Medical First was quickly identified as a suitable acquirer as the business was looking to expand its rehabilitation and therapy solutions.

Medical First is led by Jim Belcher, who has operated in the healthcare and well-being industry for many years.

As part of Medical First, Jim manages the Balance Healthcare brand, an established provider of acupuncture, herbal, aromatherapy and nutrition products.

The acquisition of Proactive Mobility will extend the wider business managed by Jim, delivering a complete health solution.

During the business sale, Proactive Mobility was supported by Adam Gilbert at AG Corporate Law who “pulled out all of the stops to get the deal completed as efficiently as possible,” said Matthew Sibley.

Matthew added: “It was a great deal for all involved. We achieved a smooth process, resulting in a well-structured deal that will benefit Mark and Chris for years to come.”

acquired by

Proactive Mobility Ltd
Sector: Mobility Equipment
Location: Warwickshire
Buyer: Medical First Ltd

 

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Completed Sale

Clarke Banks (Group) Ltd

George Barnes, KBS Associate Corporate Director, has overseen the sale of Clarke Banks (Group) Ltd to an approved building control inspector.

Clarke Banks offers a variety of compliance solutions to the domestic and commercial construction markets, including building control approval and fire safety engineering.

The company benefits from a national network and operates from UK offices, including London, Birmingham, Cardiff and Weybridge.

Led by directors Adam Melrose and Sam Wright, Clarke Banks has established a young and dynamic management team, appealing to an increasing number of blue-chip clients.

As the building control and fire safety industries continue to evolve with new legislation, Adam and Sam were eager to explore the M&A market and find the right buyer for the next phase of development.

“Clarke Banks has some of the youngest approved inspectors in the country and the business is well-established at the forefront of a growing industry,” said George Barnes.

“The Building Safety Act 2022 is going to change operational strategies across the market, and Clarke Banks has the services, clients and scope to satisfy new requirements — particularly for large-scale commercial developments.”

Assent Building Control is the successful buyer – a business that was acquired itself by Alpina Partners in 2017 with the assistance of KBS Corporate.

Under Munich-based Alpina Partners, Assent has grown into one of the UK’s leading building control bodies.

The Yorkshire-based firm has acquired Clarke Banks as part of a long-term plan to enhance its building control and fire services portfolio.

Iain Thomson, CEO of Assent, commented on the acquisition: “We have been actively looking to expand our suite of services, so it was important to us that the business we acquired would offer benefits to both parties, not simply grow the number of surveyors we could offer.

“Sam and Adam have built an incredibly successful business that provides complementary services to those offered by our existing businesses. The enthusiasm for the work that they do is second to none and we are delighted to be welcoming them into the Assent group.”

Adam Melrose said: “We had been investigating several investment partner options, but it became clear to us that Assent aligned with our own values and bought into our future vision for the business.

“In the discussions with Iain and his team, it was obvious that the acquisition of Clarke Banks was a strategic choice that would benefit both parties and help deliver a combined service offering to clients, at what is a pivotal time in our industry.”

Sam Wright added: “The introduction of the independent Building Safety Regulator is making our whole industry look very closely at what will be required to achieve the competency levels needed.

“The recent consolidation we have seen in the sector is ultimately positive for the industry as a whole. Being part of a larger group and network will provide additional strength in the future for Clarke Banks’ team and greater resilience to support the diverse and strong client base that we have spent the last decade building.”

George Barnes believes that further consolidation in the building control and fire safety industries is to be expected over the coming years as regulators continue to realign existing legislation.

“While Clarke Banks is a great opportunity for Assent to improve its commercial exposure, it also improves the group’s position in a market with high barriers to entry,” said George.

“We’re expecting significant consolidation as legislation evolves — regulators will see the benefit of working with a smaller pool of prominent inspectors.”

acquired by

Clarke Banks (Group) Ltd
Sector: Building Control
Location: Surrey
Buyer: Assent Building Control

 

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Completed Sale

OJ Health and Safety Solutions Ltd

OJ Health and Safety Solutions has received substantial investment from Newable Compliance in a transaction overseen by Charles Needham, KBS Corporate Deal Executive.

West Yorkshire-based OJ is a health and safety specialist, providing training, consultancy and assessment services to national clients.

Since its formation in 2007, the business has developed its retained service package, encompassing one-to-three-year agreements to deliver 24-hour support.

Additional services provided by OJ include asbestos surveys, fire safety, health assessments and comprehensive accident investigations.

Charles Needham advised: “Much of OJ’s value came from its potential. The shareholders had been growing the business exponentially over the last few years with limited marketing efforts.

“The majority of OJ’s turnover was on a contracted basis and, when comparing this to the profit margins achieved by the business, it was a very appealing opportunity.”

Founders Kelly and Neil Denning were looking for the right buyer that would provide the necessary resources for future growth while enabling them to retain an interest in the business.

Newable Compliance has acquired a majority stake in OJ to expand its investment portfolio. The organisation provides long-term strategic investment to businesses focused on supporting SMEs in meeting their compliance obligations.

To fulfil its ongoing goals, Newable Compliance intends to invest in three to four businesses on an annual basis.

Neil Denning commented on the deal: “Since OJ’s establishment in 2007, our mission has been to offer a streamlined solution for both SMEs and large organisations in need of a reliable and straightforward safety partner.

“Now, with the backing of Newable Compliance’s investment, we are poised to extend our service to a wider audience of SMEs seeking to fulfil their health and safety obligations. This strategic partnership enables us to provide an even greater number of businesses with the necessary tools and guidance to navigate the complex landscape of health and safety.”

Bruce Gordon, Co-Chair of Newable Compliance, said: “We are thrilled to embark on a collaborative partnership with the team at OJ. Together, we aim to accelerate the growth of the business. By joining forces, we can leverage our collective expertise to scale the business, broaden its reach, and enhance the delivery of innovative health and safety solutions.”

Charles Needham added: “It was enjoyable working alongside Newable Compliance during this transaction. I was extremely pleased with how they conducted themselves as a purchaser and would love to work with them again.

“I am delighted with the outcome of the sale and to have been involved in the process. By working with Kelly and Neil through negotiations, we secured a deal that fairly reflected the value of their business.”

During the sale, OJ was supported by Guvvy Sandhu and James McKimm of Mackrell Solicitors.

acquired by

OJ Health and Safety Solutions Ltd
Sector: Health and Safety
Location: West Yorkshire
Buyer: Newable Compliance

 

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Completed Sale

Serene Stone Ltd

KBS Corporate has advised on the sale of a quality cast stone products manufacturer to SME investment specialist Nene Capital.

Nottinghamshire-based Serene Stone boasts a wide range of quality architectural cast stone dressings and concrete solutions.

Founded in 2011, the company has been involved in the design and supply of stone materials for highly bespoke projects across the luxury housing and commercial markets.

Guy Haynes, KBS Corporate Director who oversaw the sale, said: “Serene Stone is a strong, very consistent business operating successfully in a niche sector.

“The business has maintained considerable growth with a skilled management team, which proved to be very attractive to potential buyers.”

Since its inception, Serene Stone has been led by Christopher Patrick and Paul Millhouse. Due to changes in personal circumstances, the shareholders believed it was the right time to step away from the business.

Nene Capital has finalised the acquisition of Serene Stone and will look to accelerate the business’s growth trajectory over the coming years.

Primarily investing in UK-based SMEs, Nene Capital concentrates on realising long-term value and maintains an active role in commercial operations to support the delivery of strong financial outcomes.

Guy said: “While Chris is ready to be rewarded for his time developing Serene Stone, Paul will partner with Nene and offer the technical support needed to facilitate a smooth transition.

“We’ve been able to secure a great deal in a short space of time, ensuring Serene Stone can continue developing at the forefront of a niche market.”

Stephen Bayliss, Managing Director of Nene Capital, commented: “We believe in the tremendous potential of Serene Stone and are committed to supporting its growth trajectory.

“Creating value on a risk-adjusted basis remains core to our investment philosophy. Together, we aim to unlock market opportunities, enhance customer value and drive sustainable long-term success.”

Simon Stringer, Finance Director of Nene Capital, added: “The historical focus of Serene Stone on quality and delivery has allowed it to establish strong underlying financial and trading performance. These characteristics make it an exciting addition to our growing portfolio of SME businesses.” 

The transaction was supported by solicitor Andrew Fielder of Banner Jones.

acquired by

Serene Stone Ltd
Sector: Architectural Stone
Location: Nottinghamshire
Buyer: Nene Capital

 

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Completed Sale

Fuel Learning Ltd

Fuel Learning, a specialist provider of management, leadership and team development programmes and initiatives, has received an investment from Key Capital Partners (KCP).

In a transaction overseen by Jay Singh, KBS Corporate Finance Director, Fuel Learning’s shareholders were eager to explore options for furthering the business’s expansion.

Founded in 2009, Fuel Learning is dedicated to developing personalised learning experiences for global companies in a variety of industries.

The Derbyshire-based firm has served an impressive portfolio of international brands including Adidas, Kellogg’s and Nissan.

Richard Stocks, Senior Research Analyst at KBS who managed the sale’s outreach process, said: “Fuel Learning has a strong client base, significant new contract wins and is benefitting from rapid growth.

“Ian (Prentice, CEO of Fuel Learning) was very much open to options when exploring a sale. While we had strong trade interest in the opportunity, the chance to stay with Fuel Learning and ensure they were part of and benefitted from the growth new contract wins will deliver in the coming years soon became the preferred choice for the shareholders.”

KCP, one of the world’s top-performing small-cap private equity firms, has a proven track record of investing in mid-market SMEs.

Operating from offices in Leeds and London, KCP invests in businesses valued at between £5m and £50m, providing the resources and support needed to develop.

Richard added: “KCP looks to back ambitious management teams in prominent growth sectors. They have successfully realised the value of companies such EarthStream, Gear4Music, Neville Johnson and WHP Telecoms.

“I’m pleased that we have secured a deal structure with a leading private equity firm, similar to recent KBS transactions such as London Drainage Facilities which YFM Equity Partners invested in.”

Ian Prentice commented on the acquisition: “With their in-depth knowledge of the training sector, KCP quickly gained an understanding of our business model. They provide support at a very senior level, with highly experienced partners working closely with the business to help deliver our growth ambition.”

Philip Duquenoy of KCP added: “We are delighted to partner with Fuel. The team’s focus on quality of training and client satisfaction permeates throughout and is core to the business’s success.”

Jay Singh commented on the outcome of the sale: “The Fuel team have done well to develop the business to where it is today. With support from KCP, they will undoubtedly build on this success with ambitious growth plans for the future.

“It was a pleasure to work with the management team and shareholders to deliver an excellent outcome for all parties.”

acquired by

Fuel Learning Ltd
Sector: Learning and Development
Location: Derbyshire
Buyer: Key Capital Partners

 

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Completed Sale

Hardware Wholesaler

Adam Nelson, KBS Corporate Deal Executive, has advised on the sale of a leading hardware products wholesaler operating across the North West.

Founded in the early 1990s, the Greater Manchester-based supplier’s products include ironmongery, fixings, fasteners and housewares.

The founders of the business instructed KBS on the sale as part of their retirement plans while ensuring the existing workforce and family members would be retained.

Adam quickly recognised the scope of the opportunity, identifying a number of factors which would generate interest from potential buyers.

“I saw great value in the company’s customer-led approach,” said Adam. “The business has created a strong brand and received several accreditations to place themselves ahead of competitors.

“We wanted to find a buyer looking to acquire a majority shareholding in the business while allowing the current directors to gradually step away.”

The successful acquirer is a quality tooling wholesaler based in Yorkshire, providing a foundation for national expansion.

Adam advised: “This sale gives the buyer an opportunity to not only extend their geographical reach, but to enhance their investment portfolio as part of a long-term growth strategy.”

The seller commented on the transaction: “The whole process has been managed very well by KBS, and especially Adam. Regular communication between both parties, as well as the legal and financial teams, has contributed to making this a stress-free process.”

Adam added: “I am satisfied with the outcome as we have achieved a sale that enables the vendor to move towards retirement.

“The eventual acquirer and the seller had a prior professional relationship which made the process move along efficiently. I wish them all the best moving forward.”

acquired by

Hardware Wholesaler
Sector: Hardware
Location: North West
Buyer: Tooling Supplier

 

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Completed Sale

ImexPart Ltd

West Yorkshire-based motor and engine parts supplier ImexPart has been sold to a South African industrial consumables group in a deal overseen by KBS Corporate.

ImexPart, located in Castleford, is a UK-leading independent truck, bus and engine parts specialist which has served the automotive industry since 1986, employing over 70 staff working from purpose-built depots in northern England and the Midlands.

KBS Corporate was instructed to facilitate a sale of the company and, under the guidance of Joe Norris, Associate Corporate Director, the successful acquirer was Invicta Holdings Limited.

Based in Johannesburg, Invicta listed on the JSE in 1989 and the Group has expanded over the subsequent decades with acquisitions of companies not only in South Africa but also Asia and Europe. It controls and manages assets of over 10 billion rand (£421million) and employs over 4,500 people worldwide.

“This was my first dealing with Invicta, but their record of growth and profitability across several sectors speaks for itself,” said Joe Norris.

“They are also a publicly listed company which means they are extremely transparent, so both ImexPart and myself could get a good idea of the company ahead of our initial discussions.

“They plan to partner ImexPart with their existing automotive parts businesses across South Africa and Europe to create a stronger presence in the UK market.”

Alex Foster, KBS Senior Corporate Document Writer who prepared the promotional marketing material for ImexPart, was particularly impressed with the company owners’ thoroughness in their approach to the sale.

“Their comprehensive understanding of the business meant they were able to provide us with a wealth of data, giving us an insight into the performance of the company across each of its depots and allowing us to pinpoint key information that differentiated Imex from its competitors within its core markets,” said Alex.

Joe Norris also described the appeal of ImexPart to the acquirer, with the company, which trades under the name of Imex Automotive Parts Solutions, supplying over 15,000 customers with replacement truck parts and enjoying continued growth with hundreds of calls each day received at its main office and warehouse.

“ImexPart stood out from the rest of the market due to its level of profitability and healthy growth projections, along with strong client relationships resulting in a high level of repeat business,” explained Joe.

“The shareholders were looking to start the process of stepping back from the business, while also making sure the company was in the right hands to take it forward into the future and achieve its full potential.”

In announcing the acquisition to the Johannesburg Stock Exchange, Invicta said their “strategic focus is to diversify into new geographical areas, in the industries and markets in which Invicta has significant experience and strong management capabilities”.

The statement added: “Imex is operating successfully in the British and Irish aftermarket parts distribution industry and its acquisition provides a platform for Invicta to grow its global RPA (Robotic Process Automation) business.

“We aim to realise synergies through Invicta’s procurement capabilities, sourcing inventory for Imex’s clients on a more cost-effective basis and providing access to a broader range of products.

“In addition, Imex has product ranges which can be cross pollenated into Invicta’s existing operations.”

Legal services for ImexPart were provided by Schofield Sweeney.

acquired by

ImexPart Ltd
Sector: Automotive Parts
Location: Yorkshire
Buyer: Invicta Holdings Ltd

 

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Completed Sale

PushFar Ltd

A second software-as-a-service (SaaS) company, PushFar Ltd, has been sold by KBS Corporate to investment company ScaleUp Capital, which specialises in funding small digital businesses.

In April 2022, ScaleUp bought Rungway with the help of KBS, and now the transaction for PushFar, which was overseen by George Barnes, Associate Corporate Director, will align suitably with that acquisition.

PushFar, with its HQ in London, is a world-leading global mentoring software platform, utilised by professionals and students to progress their careers. The company works with household names such as Samsung, Nissan, BNP Paribas Real Estate and Sodexo.

Co-founders Ed Johnson and Gabriel Sirbu will remain with PushFar post-completion to continue the growth the company has delivered since its inception – which was based upon an idea that was formulated in the latter part of 2017.

“We are thrilled to join forces with ScaleUp Capital,” said Ed Johnson, the PushFar CEO. “This collaboration represents a significant milestone for PushFar as we continue to evolve and revolutionise the mentoring space.

“With ScaleUp Capital’s support, we will be able to accelerate our growth trajectory and further empower professionals worldwide.

“KBS Corporate has been a fantastic partner for us. From initial research through to deal completion, George, Aaron (McWilliams, Senior Research Analyst) and the entire team were dedicated, hard-working, thoughtful, considerate and found several parties interested in our business.

“Within six months of the initial teaser, the deal completed and we are all thrilled with the outcome.”

KBS Corporate’s George Barnes added: “PushFar generated substantial interest as mentoring is now a core focus of many HR and training & development teams, as a means of promoting career development and staff retention with organisations noting these topics are intrinsically linked.

“PushFar, with its easy-to-use system, helps to leverage this previously unquantifiable asset to deliver substantial benefits to employees which aid company objectives as a whole.

“There is a strong demand for SaaS-based businesses due to the reliability of revenue and certainly a strong market for businesses with a growing SaaS revenue. Buyers are especially keen on businesses that are growing rapidly (ideally 100% per annum), operate within a niche and have contract lengths of more than 12 months (ideally three to five years).”

Regarding marketing the company to prospective buyers, Sara Fletcher, Senior Corporate Document Writer at KBS, commented: “PushFar’s award-winning software and diverse client base provided an excellent focal point in creating the documentation.

“I was able to highlight the significant advancements the company had made in recent years and its considerable potential for growth, particularly with regard to the ongoing demand for SaaS products and the greater demand for diversity in the workplace, which the software is well-placed to deliver.”

As the name suggests, ScaleUp invests in growing companies to accelerate their expansion, providing funding, expertise, methodology and support.

George Barnes added: “They are keen to look at any software businesses. The business we sold to them previously (Rungway) will be complementary to the type of services PushFar provides. This represents quite a strong cross-selling opportunity.”

acquired by

PushFar Ltd
Sector: Software and IT
Location: London
Buyer: ScaleUp Capital

 

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Completed Sale

Percol

KBS Corporate Director Andrew Dodd has advised on the sale of Percol, a UK coffee brand, to CCL Products (India) Ltd (Continental Coffee).

The Percol brand was acquired by Löfbergs in 2013 as the Swedish coffee roaster looked to enhance its UK market presence.

Hillingdon-based Percol has cemented itself in its market with a sustainability-led philosophy, actively supporting farmers and the environment wherever possible.

Percol’s coffee products were the first to bear the Fairtrade mark in 1994 and have received recognition from the Rainforest Alliance and the Soil Association.

Löfbergs instructed KBS on the sale of Percol as part of a long-term strategy to maximise the value of its brand.

“This is a strategic decision that enables us to put all our efforts into strengthening and developing the Löfbergs brand in the UK, a market where coffee consumption still increases,” said Anders Fredriksson, CEO of Löfbergs.

Andrew Dodd worked closely with Löfbergs to identify a suitable acquirer that could develop Percol into a premium brand with vast national recognition.

Andrew said: “Over the course of 10 years, Löfbergs has reevaluated Percol’s offering to refine the profitability of the brand.

“Percol has a great reputation in the UK and, with the right buyer, is well placed to compete with the leading coffee brands in the UK.”

Sara Fletcher, Senior Corporate Document Writer at KBS who assisted with the marketing process, added: “It was important to produce marketing materials that reflected Percol’s ethical values and its commitment to sustainability while demonstrating its strong market potential by highlighting its previous success with some of the UK’s largest supermarkets.”

Established in 1994, India-based Continental Coffee is an international instant coffee exporter and private-label manufacturer.

The organisation has developed an extensive global infrastructure that enables the business to serve over 90 countries.

Praveen Jaipuriar, CEO of Continental Coffee, commented on the acquisition: “We’ve had tremendous success in developing a consumer brand proposition in India and welcome the opportunity to develop a similar approach in other markets by adopting and improving local brands. Percol is an exciting venture and a brand with an undoubted favourable heritage.”

Andrew added: “I wish all parties the very best. A lot of effort went into securing the right deal. With the necessary resources, Percol can become a premier brand in the UK.”

acquired by

Percol
Sector: Food and Drink
Location: London
Buyer: CCL Products (India) Ltd

 

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Completed Sale

Formara Ltd

Fabio Rambelli, Associate Director at KBS Corporate, has advised on the sale of Formara Ltd to a boutique private investment firm.

Founded in 1971, Formara established itself as a printing specialist for commercial clients situated in London and the Home Counties.

The Essex-based company has grown successfully since this time, diversifying its offering with integrated marketing and communications solutions.

Formara’s services now encompass direct marketing, print-on-demand, personalised printing, fulfilment and design solutions.

Phil Wilce, Managing Director of Formara, was eager to find the right deal that would allow him to step away from the business.

Fabio said: “Phil wanted to meet interested parties that were personable and dedicated to keeping Formara on a successful trajectory post-sale.”

The opportunity appealed to Lifeboat Management Ltd, a private investment company looking for scalable opportunities in the commercial market.

Lifeboat applies fundamental analysis and value investing principles to identifying acquisitions with vast growth potential.

Phil Wilce commented on the deal: “Lifeboat’s approach to buying the business was underpinned by its commitment to conserving Formara’s history, culture and strengths in order to drive its continued success and look after the team that has helped to build it.”

Taha Afshar, Chief Investment Officer of Lifeboat, added: “Working with Phil has been a real pleasure and we are delighted with the outcome of our discussions.”

During the transaction, Formara was assisted by solicitors Richard Coulthard and Emma Hope of Ison Harrison, as well as accountants Stuart Harrison and Victoria Butler of Venthams.

Additionally, Byron Swarbrick of James Legal supported the deal as Lifeboat’s solicitor.

Fabio added: “It has been a pleasure working with all parties on this project. I wish Phil a very happy retirement and the Lifeboat team a successful and profitable future with Formara.”

acquired by

Formara Ltd
Sector: Print and Marketing
Location: Essex
Buyer: Lifeboat Management Ltd

 

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Completed Sale

Davidson Deem Ltd

Davidson Deem Ltd has been sold to a European wealth management firm, with KBS Corporate Associate Director Matthew Sibley advising throughout the transaction.

Led by directors Peter Stokes and Brian Keane, Davidson Deem provides mortgage brokerage services across the UK.

The Dorset-based firm has secured mortgages since 1989, benefiting from a team of qualified, impartial advisers with a proven track record of success.

Peter Stokes and Brian Keane were ready to explore the M&A market, looking to expand under the impetus of new ownership.

Matthew Sibley said: “Peter and Brian have built a great business with strong financials and a large client base.

“KBS has a dedicated outreach team that can find the right buyers and Davidson Deem was an attractive opportunity to approach prospective acquirers with.”

Lumin Wealth, part of Swiss financial provider VZ Group, has acquired Davidson Deem as a step in its long-term strategy to grow in the UK’s mortgage industry.

Utilising offices in London, Cambridge and St Albans, Lumin Wealth manages client assets valued at over £1billion.

“Lumin has identified Davidson Deem as the ideal platform from which to build its own mortgage network,” added Matthew Sibley.

“Peter and Brian have seen a great opportunity to grow with Lumin by upselling and cross-selling services across Europe, while offering further solutions to their own client base in the UK.”

Commenting on the sale, Peter Stokes said: “Over the past 12 months, we have carefully ensured this transition is seamless for our clients.

“Not only will they continue to have access to our mortgage services but they can also benefit from Lumin’s complete range of financial solutions, which spans everything from pensions and investments to retirement planning and protection.”

Davidson Deem was supported during the transaction by Leilah Ashurst of Nexus Solicitors. Matthew Sibley added: “I’m very happy with the outcome. I’m glad Peter and Brian have been provided with such a strong future for Davidson Deem — it will be a great acquisition for both parties.”

acquired by

Davidson Deem Ltd
Sector: Financial Services
Location: Dorset
Buyer: Lumin Wealth

 

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Completed Sale

Stanwell Group Ltd

Stanwell Group Ltd has been sold to a leading Swedish-based group operating in niche technology markets, with KBS Associate Director Fabio Rambelli advising on the sale.

Holmfirth-based Stanwell offers innovative solutions to the beverage industry, including fluid dispense pumps, valves and complete systems.

The company has grown significantly since being founded in 1990 and now offers a turnkey manufacture, supply and refurbishment service.

KBS was instructed on the sale by the sellers to facilitate their eventual retirement plans. The shareholders will retain active roles in the business for the immediate future.

Fabio commented: “I recall my first meetings with Doug, Joanne and Jonathan from Stanwell, and being very impressed with the business, the products and the innovation.

“I could see how much the sellers cared about securing a buyer that would ensure the future success of Stanwell — to take great care of its staff and client base while maintaining the strong legacy of the brand.”

Teqnion is the successful buyer, having been active in the M&A space for a number of years across the UK, Ireland and mainland Europe.

The industrial group operates through multiple independent subsidiaries, acquiring scalable companies which can succeed in narrow technology niches.

Teqnion is listed on Nasdaq Stockholm and will continue to develop its decentralised subsidiary management philosophy.

Doug Gorton, Sales and Technical Director of Stanwell, said: “Teqnion shares the belief that the key to building a successful company is through the strength of its people and the enduring relationships they build and maintain.

“Teqnion is exactly what we were looking for. Fabio was excellent throughout the process and a pleasure to work with.”

Teqnion CEO Johan Steene is excited about the future of Stanwell under new leadership and the opportunities the business offers.

“Since we love companies that supply products with long-term relevance, Stanwell is definitely for us,” said Johan.

“The company’s customer relationships are solid and the enduring demand for its products is likely to persist through economic fluctuations.”

Fabio added: “It has been an absolute joy to work with Doug, Joanne and Jonathan from Stanwell, as well as Johan and Daniel from Teqnion.

“I have no doubt that Stanwell will have a bright and prosperous future under the Teqnion leadership. I wish all parties the very best of luck in their future endeavours.”

acquired by

Stanwell Group Ltd
Sector: Beverage Systems
Location: Yorkshire
Buyer: Teqnion

 

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Completed Sale

Zenith Doors Industrial Ltd

Charles Needham, KBS Corporate Deal Executive, has overseen the sale of Zenith Doors Industrial Ltd to Blount Shutters Ltd.

Based in Devon, Zenith Doors supplies, installs and maintains a wide range of automatic doors, including industrial, commercial and domestic products.

The company has over three decades of experience within its market, benefitting from industry-standard accreditations and qualified engineers.

John Grant, Director of Zenith Doors, instructed KBS Corporate on the sale as part of his retirement plans.

Charles Needham said: “This was a great acquisition for a trade buyer operating in a similar space. John was ready to be rewarded for developing the company and enjoy a relaxed lifestyle”.

Essex-based Blount Shutters was identified as a suitable acquirer, having specialised in roller and security shutter doors since 1984.

The business has established a prestigious portfolio of clients on a national scale and utilises engineers across the country to provide 24-hour maintenance support.

The acquisition of Zenith Doors allows Blount Shutters to diversify its revenue streams and pursue geographical expansion.

John Grant is satisfied with the outcome and believes Zenith Doors is in safe hands.

“I’m pleased that Blount Shutters will be taking the business forwards and I know they already have plans to expand,” said John.

“Charles kept us informed throughout the sale, which was really appreciated. I can now enjoy my long-awaited retirement plans, which will be playing golf and family holidays!”

Charles added: “We exceeded our initial expectations and streamlined the transaction wherever possible — I’m very satisfied with the deal.”

acquired by

Zenith Doors Industrial Ltd
Sector: Industrial Doors
Location: Devon
Buyer: Blount Shutters Ltd

 

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Completed Sale

Record Electrical Associates Ltd

Record Electrical Associates Ltd (REA) has been acquired by a pressure and temperature instrument specialist, having been advised by KBS Corporate Deal Executive Oliver Rigby during the process.

REA operates from dedicated facilities in Stretford, Manchester, and offers high-quality analogue instruments to international businesses.

The company was initially founded over 100 years ago and has successfully cemented itself at the forefront of a niche sector.

REA has been sold as part of Alan Johnson and Christopher McGrail’s retirement plans, both of whom maintained active roles as directors in the business.

“This was an exciting opportunity to represent a long-standing company,” advised Oliver. “I worked alongside Alan and Christopher to identify a quality buyer that would preserve REA’s legacy.”

The successful acquirer is Trent Instruments, a Nottingham-based pressure and temperature solutions provider.

Trent is a leading supplier of locomotive horns and the exclusive agent in the UK and Europe for Nathan AirChime.

“Trent is an excellent buyer for REA,” said Oliver. “The two companies benefitted from a prior relationship which helped secure a great deal.”

Alan Johnson commended KBS’s role in the transaction and is pleased with the outcome.

“KBS, especially Oliver, supported and guided us through all aspects of the sale,” said Alan. “We feel that Trent will be able to take the business forwards successfully.”

acquired by

Record Electrical Associates Ltd
Sector: Analogue Instrumentation
Location: Manchester
Buyer: Trent Instruments

 

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Completed Sale

Cotswold Energy Group Ltd

Fabio Rambelli, Associate Director at KBS Corporate, has advised on the sale of Cotswold Energy Group Ltd to an industry-leading insulation provider.

Cotswold Energy was founded by three friends with varying backgrounds, looking to establish a customer-centric business which can transition homes into the 21st century.

The Gloucestershire-based company is well recognised throughout the region for its commercial and domestic solutions, including air source and ground source heat pumps, as well as solar PV.

Shareholders Jonathan Bonnar, Robin Hodge and Aaron Stuart-Kelso instructed KBS on the sale as part of Cotswold Energy’s growth strategy.

Fabio advised: “Jonathan, Robin and Aaron were looking to secure the value of the company while simultaneously sourcing capital investment.”

Senior Research Analyst Charlie Burrows worked alongside Fabio to identify a suitable acquirer during the outreach process.

South Coast Insulation Services Ltd (SCIS) was subsequently approached by Charlie owing to the notable synergies with Cotswold Energy.

“While SCIS is primarily engaged in installing insulation, Cotswold Energy was a chance to diversify — the fit was really there,” said Charlie.

SCIS is a trusted Tier 1 partner of several of the big six energy suppliers, capable of securing long-term funding for housing associations and property owners as part of its energy efficiency service package.

Commenting on the acquisition, SCIS CEO Nicolas Gillanders said: “We’ve been able to acquire Cotswold Energy in a move that gives us an opportunity to build on our existing offering as like-minded businesses, with a shared goal of helping customers reduce their carbon emissions.”

Harrison Clark Rickerbys and Foot Anstey supported the transaction as the solicitors for the two parties, while SCIS was assisted by PKF International and FRP Advisory as due diligence and corporate finance advisors respectively.

Fabio added: “It has been an incredible pleasure to work with the Cotswold Energy shareholders and I am very happy we have been able to secure a deal for them. I have no doubt SCIS and Cotswold Energy will have successful futures and I wish all involved the very best.”

Looking ahead, Fabio anticipates considerable activity across the renewable energy M&A space in the foreseeable future.

“Increases in energy costs and price caps will likely drive the demand for renewable systems in domestic and commercial settings,” said Fabio.

“The Net Zero Strategy will likely see a bigger promotion of renewable solutions. This sector is still fairly fragmented, so I expect more and more M&A activity over the coming years with key players looking to consolidate the market as time goes on.”

acquired by

Cotswold Energy Group Ltd
Sector: Renewable Energy
Location: Gloucestershire
Buyer: South Coast Insulation Services Ltd

 

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Completed Sale

Eurotek Foundry Products Ltd

Jay Singh, KBS Corporate Finance Director, has advised on the sale of Eurotek Foundry Products Ltd to GIL Investments.

Elland-based Eurotek was founded in 1993 and specialises in foundry consumables and associated equipment for international clients.

The company has continued to enhance its product offering, which now includes chemical binder systems, release agents and refractory coatings.

Led by Managing Director Dale Crystal and Sales Director Raymond Higgins, Eurotek is now recognised across the global market and utilises a dedicated subsidiary in Poland.

“The sale of Eurotek ensures its continued growth,” advised Jay. “Further resources will allow the business to target new markets such as India and Mexico.”

Alex Foster, Senior KBS Corporate Document Writer, created the marketing materials which presented the opportunity to the M&A sector.

Alex said: “Eurotek had a highly specialised, unique suite of products, so I wanted to draw particular attention to the significant benefits of its offering and how its extensive expertise within the industry allowed it to offer truly bespoke solutions.

“This, alongside the Company’s strong international client base, dependable revenue streams and respected brand, was a key differentiator for the business and the core focus for the marketing documents.”

GIL Investments has acquired a majority shareholding in the business, enabling the Eurotek founders to facilitate their wider exit strategy over the coming years.

As part of the sale, Richard Catchpole, former CEO of Akcros Chemicals, will become Chair. Richard is excited to work alongside Dale and Raymond and fulfil Eurotek’s long-term potential.

“I am delighted to be joining Eurotek, which is an established business with a strong track record in the chemicals sector,” said Richard.

“The management team has done an excellent job in successfully navigating some of the challenges in recent years, such as the pandemic, Brexit and the war in Ukraine.

“I look forward to working with the team as we continue that journey and explore new opportunities to take the business forward.”

acquired by

Eurotek Foundry Products Ltd
Sector: Foundry and Chemical
Location: Yorkshire
Buyer: GIL Investments

 

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Completed Sale

Select Electrical Supplies Ltd

KBS Corporate has advised on the sale of Select Electrical Supplies Ltd to Electrical Wholesale Systems Ltd (Regent), with Corporate Deal Executive Steve Alcock advising throughout the transaction.

Founded in 1998, West Sussex-based Select Electrical is a wholesale distributor of lighting, heating, ventilation and fire safety products.

Led by shareholders David and Sarah Watson, the company has established itself in the wider supply industry with a dedicated showroom and e-commerce presence.

KBS Corporate was instructed on the sale of Select Electrical as the shareholders were looking to step away from the business and pursue alternative ventures.

“The main goal of the sale was to release capital while ensuring the existing workforce would be looked after,” advised Steve.

Looking to expand geographically, Regent has acquired Select Electrical to enhance its group’s market presence.

Regent benefits from a strong regional reputation in Kent, stocking an extensive range of products from well-known brands.

“The Select Electrical acquisition improves Regent’s portfolio, providing the group with another depot and a larger customer reach,” said Steve.

Steve is confident that the sale will be beneficial for both companies while allowing David and Sarah Watson to focus on their other business interests.

Steve added: “I believe they’re going to work well together and develop as strong brands as part of a wider group.”

acquired by

Select Electrical Supplies Ltd
Sector: Electrical Wholesale
Location: West Sussex
Buyer: Electrical Wholesale Systems Ltd (Regent)

 

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Completed Sale

Advizzo Ltd

George Barnes, Associate Corporate Director at KBS Corporate, has advised on the sale of Advizzo Ltd to a specialist energy infrastructure assets manager. 

Founded in 2015, Advizzo has developed a comprehensive software-as-a-service (SaaS) solution that enables commercial organisations and their consumers to improve energy sustainability and cost efficiency. 

The London-based company is well regarded in its market, actively serving blue-chip clients such as Southern Water, Severn Trent and Dubai Electricity and Water Authority (DEWA). 

Through its established client base, Advizzo enables two million households to manage their usage with innovative tools. 

Advizzo CEO Patrice Guillouzic instructed KBS on the sale to find the right partner that would take the company to the next level. 

“Energy and utility companies are incentivised to deliver energy efficiency or risk significant fines related to their global turnover,” said George Barnes. 

“Advizzo enables smart-meter vendors to leverage the data, which has until now been an unused asset in changing customer behaviours. 

“The company has proven its technology in both water and electricity markets across the world, having customers in the UK, France, Italy, the USA, the UAE and New Zealand. Advizzo is applied on large-scale projects which demonstrates the software’s scalability.” 

Advizzo has been acquired by Calisen Capital, which is currently focused on capturing the opportunities offered by the government-mandated roll-out of smart meters in the UK. 

The business’s diverse service portfolio now encompasses installation, meter readings, electric vehicle charging and associated maintenance solutions. 

Patrice Guillouzic commented on the sale and Advizzo’s new owner: “We are delighted to join forces with Calisen to continue to accelerate the growth of innovative software solutions for as many consumers as possible in the UK and overseas.  

“With Calisen, we will continue optimising consumers’ electricity, gas and water consumption and having a positive impact using behavioural and data science.” 

Sean Latus, CEO of the Calisen Group, added: “Advizzo’s capabilities in the water sector provide Calisen with an opportunity to expand its offering and assist water companies with their net zero goals, contributing to a greener and cleaner environment. 

“I would like to welcome our new colleagues and I am confident that by working with Calisen’s team, they will achieve great results.” 

George Barnes was pleased with the deal secured by KBS, which was assisted by Advizzo’s lucrative SaaS appeal in the M&A market. 

“We are seeing plenty of interest in SaaS businesses as buyers are drawn to the contracted turnover,” he said. “We’ve achieved strong multiples based on both EBITDA and annual recurring revenue (ARR). 

“The transaction is an excellent result in terms of collaboration. Everyone at KBS wishes both Advizzo and Calisen the best in creating a net zero solution.”

acquired by

Advizzo Ltd
Sector: Utilities Software
Location: London
Buyer: Calisen

 

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Completed Sale

Connect Precision Ltd

Connect Precision Ltd has been sold to TGM Industrial Group, with KBS Corporate Deal Executive Adam Nelson advising on the transaction.

Based in Yorkshire, Connect Precision specialises in precision CNC machining and wire cutting, serving clients in industries such as automotive, aviation, defence and warfare.

The company was originally founded in 1998 by Craig Hepworth and Russell Lawton, who have continued to invest in Connect Precision’s state-of-the-art facilities.

The directors made the decision to sell to facilitate their retirement plans, instructing KBS to identify a buyer who would grow the business alongside the existing workforce.

“Craig and Russell were motivated to seek their well-deserved reward for the years they have committed to growing and managing the business,” said Adam.

TGM was quickly recognised as a suitable buyer, having acquired through KBS previously as part of the group’s ongoing expansion strategy.

The UK-based investment firm specialises in the acquisition and growth of owner-managed businesses in the engineering and manufacturing industries.

“TGM has now completed its third acquisition with KBS, following Automatic Engineers (Hinckley) Ltd and PT Engineers Ltd,” advised Adam. “I am pleased to have contributed to the expansion of their portfolio.”

Craig Hepworth and Russell Lawton will remain with Connect Precision for a short period to facilitate a smooth transition to new ownership, ensuring the business is well placed to grow as part of a wider group.

“The sale of the business gives both Craig and myself time to spend with our extended families,” said Russell.

“I think TGM is the correct choice for us. They have the ability to move Connect Precision forward and protect the remaining staff.”

Adam added: “I am satisfied with the transaction as I believe we achieved a good value and a timely sale that allows Craig and Russell to progress towards their next chapter.”

acquired by

Connect Precision Ltd
Sector: CNC Engineering
Location: Yorkshire
Buyer: TGM Industrial Group

 

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Completed Sale

T4 Mechanical and Electrical Ltd

KBS Corporate has found the ideal buyer for T4 Mechanical and Electrical Ltd in a Swiss group seeking to expand its UK presence.

Based in Redhill, Surrey, T4 is among three companies under the same umbrella that have been sold to Sauter Automation, the others being Lidex Control Systems Ltd and React 4 Group Ltd.

T4 was established in 2007 and offers mechanical and electrical services, also incorporating design and maintenance, to the buildings services sector across London and the south of England.

Lidex develops and installs energy management systems and controls, while fire and security expert React 4 delivers smoke ventilation systems, sprinklers and wet and dry risers.

By enlisting the help of KBS Corporate, with Joe Norris, Associate Corporate Director, overseeing the transaction, the T4 shareholders were keen to remain involved with the business and to realise capital, while also benefiting from future growth resulting from the outside investment and synergies with the acquirer.

Sara Fletcher, Senior Document Writer at KBS Corporate, reflected on the marketing process for T4: “The wealth of information provided by the shareholders allowed us to produce detailed documentation that reflected the company’s multi-disciplinary approach and proceed with the marketing process in a prompt manner.”

Step forward Sauter Automation, a Basel-based buildings technology group with subsidiaries across Europe. The offer for T4 came via its UK subsidiary, which wasted no time in making its intentions clear.

Joe Norris explained: “Sauter moved quickly, and the offer was the first and only one because it was accepted. The company wasn’t on the market very long before Sauter made an offer for the three companies.

“The buyer wished to expand its footprint in the UK as well as bring additional capabilities in-house. The valuation was in line with our client’s expectations – a large trade buyer was their preference and we managed to achieve this.

“T4, Lidex and React 4 will benefit from additional investment and overlapping synergies within the wider Sauter group of companies, while Sauter will drastically increase its presence in the UK.

“Our clients will remain with the business for a period of years following completion to oversee and benefit from the future growth of the business within the Sauter Group.”

acquired by

T4 Mechanical and Electrical Ltd
Sector: Buildings Services
Location: Surrey
Buyer: Sauter Automation

 

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Completed Sale

Taylor Lane Timber Frame Ltd

KBS Corporate Finance Director Jay Singh has advised on the sale of Taylor Lane Timber Frame Limited to housebuilding specialist Cala Group.

Taylor Lane is among the UK’s leading timber frame manufacturers, supplying cost-effective solutions for a variety of multi-site housing developments.

The business was founded in 1982, growing from a small factory unit in Hereford with investment in new properties and machinery to meet the commercial demands of the housebuilding market.

Now operating with multiple production facilities in England and Wales, the shareholders pursued the sale of Taylor Lane as part of Colin Taylor’s wider retirement plans, while allowing Jon Lane to remain with the business as Managing Director.

Senior Corporate Document Writer Alex Foster worked alongside Jay Singh when preparing the marketing documents for the opportunity. 

With assistance from the Taylor Lane shareholders, Alex was able to create materials which highlighted a significant opportunity in an industry looking to reduce carbon emissions.

Alex said: “Thanks to the comprehensive insight into the business provided by the owners, we were able to rapidly prepare the documents and launch the marketing process, enabling us to capitalise on the growing demand for sustainable building solutions and the continued strength of the housebuilding market.”

Richard Stocks, Senior Research Analyst at KBS Corporate, managed the outreach process to identify a suitable buyer.

“A number of different avenues were explored during the research process,” advised Richard. “Timber frame buildings have historically been more popular in Scotland and the larger producers, who were approached, are primarily based there.

“We spoke with some of the large builders’ merchant groups who were interested in embedding themselves with housebuilding companies. In addition, we spoke with several prominent housebuilders who were looking to secure their timber frame supply.”

Cala was quickly recognised as an ideal acquirer, with the group looking to attain its sustainability targets while facilitating its wider growth plans in southern England.

Across Scotland, Cala has primarily used timber during construction projects for over 40 years, with 80% of its homes being built in this manner.

“As part of Legal & General, Cala is one of the largest housebuilders in the UK,” said Richard. “Cala had started utilising Taylor Lane as a supplier and, as KBS is aware of the difficulty housebuilders are experiencing in securing supply, it made a lot of sense for the group to pursue this opportunity.

“The sale will allow Colin Taylor to crystalise the value of the business and retire while enabling Jon Lane to continue running and growing the company. Cala are now ahead of the curve in terms of timber frame buildings with a degree of certainty of supply.”

Jon Lane commented on the deal: “This marks the start of an exciting new chapter for Taylor Lane and is a fantastic endorsement of our potential from a highly respected UK homebuilder. We are extremely pleased to be moving forward with Cala as our new owners.

“Looking ahead, the management team and I feel extremely positive about our prospects. We have robust growth plans in place, a loyal customer base and a talented team. We also have the security of Cala’s ownership and a pipeline of additional future growth to come from their transition to timber frame construction in England.”

acquired by

Taylor Lane Timber Frame Ltd
Sector: Construction
Location: Herefordshire
Buyer: Cala Group

 

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Completed Sale

InEvexco Ltd

Jay Singh, KBS Corporate Finance Director, has successfully advised on the sale of InEvexco Limited to AssuredPartners — a leading insurance broker with an international portfolio. 

InEvexco was founded in 2011 and, over the course of a decade, has established itself as a market-leading insurance specialist for the events industry. 

The Kent-based business offers insurance services for contractors, organisers and exhibitors, as well as via the Affinity Partnerships service for companies looking for added value for their own client bases. 

InEvexco Managing Director Mark Clayton instructed KBS on the sale of the company as part of his wider retirement plans. Richard Stocks, Senior Research Analyst at KBS, was excited to present the opportunity to the wider insurance industry, owing to the high levels of M&A activity in the market and strong valuation multiples. 

“This is a sector in which we’ve done a number of deals over the last couple of years, including Ravenhall, A-Plan Group and Channing Lucas & Partners,” said Richard. 

“There are several private equity-backed consolidators in the marketplace, as well as overseas companies looking to expand in the UK. 

“Having worked on deals in this sector previously, I was very familiar with the buyers we should be speaking to. The insurance broker space is the most active market for M&A and where we see amongst the highest multiples paid.” 

AssuredPartners was successfully approached by KBS, having been recognised as an active acquirer seeking niche brokers with sector specialism. 

Founded in 2011, AssuredPartners — the 11th largest insurance broker in the US with revenues of over $1billion — is now investing in firms across the UK and Ireland as part of its international growth strategy. 

Mark Clayton is confident the relationship with AssuredPartners will fulfil InEvexco’s long-term potential. 

“Deciding to sell is never an easy decision, but we knew from the beginning that working with AssuredPartners gave us a great opportunity to achieve our long-term goals,” said Mark. 

“InEvexco has enjoyed success because we made it our business to understand our clients and the industry inside out.  

“With the team staying in place and the wider resources available at group level, I firmly believe the company is well positioned to continue expanding in the years ahead.” 

Richard Stocks is satisfied with the outcome of the deal and eager to explore future transactions in the insurance broker M&A market. 

“This is now a space in which KBS is well connected with acquisitive parties and we have proven we can generate significant interest in high-quality brokerage companies and drive returns for exiting shareholders,” said Richard.

Jay Singh added: “We have built close relationships with buyers and are able to present businesses to appropriate parties, from small firms through to larger and specialist brokers. Our experience and expertise ensures we are able to generate a swift and competitive process, while maximising shareholder value.”

acquired by

InEvexco Ltd
Sector: Insurance Brokerage
Location: Kent
Buyer: AssuredPartners

 

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Completed Sale

GT Vision Limited

KBS Corporate has successfully advised on the sale of GT Vision Limited, with Corporate Deal Executive Steve Alcock negotiating a mutually beneficial transaction with Northumbrian Medical Supplies Limited.

GT Vision was founded in 2003 by microscopy enthusiast Robert Town and his fellow directors, quickly launching a high-quality, first-party brand — GX Microscopes.

The business continued to enhance its product portfolio over the years that followed, becoming the largest independent microscope supplier in the UK.

In recent years, GT Vision has focused on its digital microscope offering while investing in its online capabilities to evolve with the industry.

Managing Director Robert Town instructed KBS Corporate on the company sale as part of his wider retirement plans.

Robert commended KBS Corporate on its sales approach, highlighting the strength of its established network of buyers.

“KBS Corporate was most successful in marketing our scientific instruments business and almost immediately found potential buyers,” said Robert.

“The team is highly professional, always available and knowledgeable. Consequently, KBS Corporate assisted us hugely with the process, which included participating in meetings with possible acquirers.”

Northumbrian Medical Supplies was the eventual buyer, enhancing its current product division for the benefit of key markets in the healthcare, education and research industries.

The acquisition of GT Vision forms part of Northumbrian Medical Supplies’ wider acquisition strategy, allowing the business to diversify its core solutions and increase its customer reach.

“The conclusion of it all was a successful sale that would have been a great deal more stressful without KBS Corporate’s help and we achieved a value much higher than we initially anticipated,” added Robert.

Pleased with the outcome, Steve Alcock added: “The final deal exceeded Robert’s expectations and we were able to agree upon a suitable sales structure that will look after the current workforce and allow GT Vision to grow.”

acquired by

GT Vision Limited
Sector: Microscopes
Location: Suffolk
Buyer: Northumbrian Medical Supplies

 

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Completed Sale

London Drainage Facilities Ltd

Jay Singh, Corporate Finance Director at KBS Corporate, has advised on the sale of London Drainage Facilities Limited, identifying YFM Equity Partners as a suitable investor.

London Drainage specialises in the provision of commercial drainage solutions, serving clients across London and the surrounding areas.

Daniel and Lucie Fuller founded the business in 2006, quickly developing a successful brand and a growing regional client base.

London Drainage is now recognised as a leading services provider in its market, actively working with large organisations in the public and private sectors.

During the marketing process, Jay Singh was supported by Senior Corporate Document Writer Alex Foster, who wanted to highlight the company’s ideal position within its industry.

“With a significant fleet of vehicles, a large client base and a well-known brand, London Drainage has built up a strong regional presence,” advised Alex.

“I made sure to highlight the sizeable opportunity the business presented for buyers and investors seeking to expand their market share in London.”

YFM is a successful private equity partner managing over £400m of funds, primarily investing in small UK businesses with vast growth potential to enhance its market portfolio.

The acquisition of London Drainage is part of the organisation’s wider growth strategy, supporting new partners in the technical services sector with a proven track record of success.

YFM is currently expanding its engineering team to offer wider geographical coverage and a more diverse range of services.

Jay Singh is pleased London Drainage has secured a partnership that will enable the business to fulfil its long-term growth potential.

“Daniel and Lucie have built up an excellent business with substantial scope for growth,” said Jay. “The YFM investment allows the shareholders to de-risk, but also retain a significant equity stake.

“Furthermore, partnering with YFM will ensure the business continues to grow and achieve its full potential in its next stage of development.

“It was a pleasure to work with Daniel and Lucie and I wish them every success with the business going forward.”

acquired by

London Drainage Facilities Ltd
Sector: Drainage - Commercial
Location: London
Buyer: YFM Equity Partners

 

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Completed Sale

AVUS Consulting Ltd

KBS Corporate Deal Executive Adam Nelson has advised on the sale of AVUS Consulting Ltd to Wintech Group Ltd.

AVUS specialises in the delivery of M&E design solutions, offering a complete service package from feasibility studies through to the production of detailed drawings.

The Northamptonshire-based business was founded in 2003 and has developed its practical-driven ethos over the course of two decades.

AVUS now undertakes projects valued up to £60 million in the commercial, industrial and residential sectors.

Martin Fern, Managing Director of AVUS, made the decision to sell the business to facilitate his retirement plans while allowing Design Engineer Sarah Southgate to absorb his responsibilities.

“My initial impression of AVUS was very positive,” advised Adam. “It was an attractive opportunity within a growing market and I was eager to present it to the right people.”

KBS Corporate Document Writer Daniel Calderbank worked with Adam during the marketing process to highlight the scope of the opportunity.

“AVUS’s expertise and diverse range of services have put it at the forefront of its industry,” said Daniel. “We made sure this was easily recognised across the marketing materials for potential buyers.”

Wintech was the successful acquirer and is currently expanding its group to diversify its service portfolio and extend its client reach.

With over 40 years of experience, Wintech is recognised as a Centre of Excellence for façade engineering.

Adam said: “This was Wintech’s first acquisition through KBS. I introduced them to our process and we were able to collaborate very well together.”

Moving forwards, Adam is confident that a deal has been achieved that will benefit both AVUS and Wintech while optimising growth potential.

“I am very satisfied with the outcome of the sale,” said Adam. “We achieved a good valuation for AVUS, as well as a suitable target working capital and surplus cash figure for both parties through effective communication. I wish them the very best in the future.”

Martin Fern and Paul Savidge, Managing Director of Wintech, commended KBS’s approach throughout the transaction and Adam’s invaluable role during the process.

Paul commented: “Martin and I are both really pleased with the outcome and excited to see what we can now make of the future.”

“I think Adam has done a fantastic job in keeping things moving and getting us over the line. Many thanks again to KBS — it’s very much appreciated!”

acquired by

AVUS Consulting Ltd
Sector: Mechanical and Electrical
Location: Northamptonshire
Buyer: Wintech Group Ltd

 

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Completed Sale

Geku UK Ltd

A management buyout has taken place at Kent-based robotic automation systems company Geku UK Ltd which was overseen by Joe Norris, KBS Corporate Associate Director.

Geku UK was formed in 1997 by John Hudson and Nigel Richardson, who between them built up several decades of experience in the robotic automation industry.

The name Geku was derived from the surnames of German pioneers Thorsten Gerling and Uwe Kusse, who designed and manufactured the Geku cartesian robot and their company then became the first robot partner for the UK enterprise.

Automation systems are supplied by Geku UK to a variety of different industries, including aerospace, medical, plastics, automotive and agricultural.

Sadly, Nigel Richardson passed away in 2022 and John Hudson embarked upon a sale of the company to facilitate his retirement plans, enlisting the help of KBS Corporate.

Following an extensive research process, synergistic acquirers in Germany were identified, while several private investors expressed serious interest in Geku UK.

However, John decided the management buyout, led by his son Gary, was the best option, with a leading priority being to ensure the retention of staff and keep disruption to a minimum.

The management team will therefore run the company going forward and plan to grow the business using their knowledge of the market, while John retains a minority shareholding but is stepping back from day-to-day involvement.

Joe Norris said: “John decided to go with the MBO as he knows and trusts the management team and would like to see them take the business forward.

“Having met the management team and advised them on the mechanics of an MBO, I think they will be excellent custodians for the business.

“The management team can now reap the benefits of their efforts and John can be assured his business is being left in good hands.”

acquired by

Geku UK Ltd
Sector: Robotic Automation
Location: Kent
Buyer: Management Buyout

 

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Completed Sale

Morham & Brotchie Ltd

Morham & Brotchie Ltd has been sold to A. Lamb Associates Ltd (ALA), having been successfully advised by KBS Corporate Deal Executive Stephen Alcock.

Originally founded in 1876, Morham & Brotchie is a chartered quantity surveyor operating across the public, commercial and heritage markets.

The Edinburgh-based company has advised on a multitude of projects, ranging from domestic properties through to multi-million-pound contracts.

Alan Harper and Ewan Slight, directors of Morham & Brotchie, instructed KBS Corporate on the sale of the business as part of their gradual retirement plans.

Stephen advised: “Alan and Ewan wanted to reduce their time in the day-to-day running of the business and operate in a consultancy capacity.

“They have aspirations to see how the company can grow over the next 10 years, knowing that they were critical to its development.”

ALA, based in Cumbria, has acquired Morham & Brotchie to extend its national capabilities and operate as a Scottish base.

Established in 1996, ALA offers commercial solutions to the construction and energy sectors, as well as specialist pipeline services for the oil and gas industry.

Commenting on the sale, Alan Harper said: “We’ve been familiar with the team at ALA for some time, and have always valued the synergy and cultural alignments between our two organisations.

“Our shared values made taking this step feel natural for both parties, and it represents an opportunity for two well-established consultancies to share best practices, develop talent and provide market-leading services.”

Tom Lamb, Managing Director of ALA, believes that the acquisition is key to accelerating the growth of the two businesses.

“We’re hugely excited by the acquisition of Morham & Brotchie, as it represents a real watershed moment for both companies,” said Tom.

“Our objective is to create a stronger and better business that is the market leader in our chosen sectors.”

Stephen added: “I believe it’s going to be a successful partnership, with both companies possessing qualities that will allow the other to succeed.”

acquired by

Morham & Brotchie Ltd
Sector: Construction
Location: Edinburgh
Buyer: A. Lamb Associates Ltd

 

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Completed Sale

Monochrome Consultancy Ltd

Monochrome Consultancy Ltd has been sold to a leading digital transformation services provider with the assistance of Matthew Sibley, Associate Director at KBS Corporate.

In 2017, Hampshire-based Monochrome was founded to become the trusted delivery partner of national customers for IT, projects and complex change consultancy solutions.

Over the last six years, the business has achieved considerable year-on-year growth and is well regarded in the IT and cyber security markets.

Monochrome Director Dan Wright aimed to find a buyer who would accelerate the company’s growth and also value the Monochrome team.

The company generated significant international interest in the consultancy M&A space, owing to Dan’s passion for Monochrome.

Matthew Sibley advised: “It was a great process — Dan is an exceptionally well-organised professional that drives the business forward. He was focused and very amenable in discussions with interested parties.”

The company is now part of Kerv Group, a growing organisation specialising in collaboration, transformation and digital evolution.

Kerv has grown exponentially throughout its time in operation and is now partnered with global organisations such as Microsoft, Citrix and Genesys.

“This sale is a great example of when you find a synergy buyer for a company that sees the value and potential in it,” said Matthew.

“Kerv could see this was more than just geographical expansion and a larger client portfolio. It was a chance to bring Dan and his team into the group and really enhance the wider offering.”

Dan Wright is excited to work alongside Kerv and commended Matthew’s role throughout the transaction.

“This acquisition presents us all with a great opportunity,” said Dan. “The Kerv senior management team and I share close values and culture, which means that it feels like the right place to be.

“Matthew introduced us and had it not been for this, I would not have found Monochrome’s new home. He was great to work with and quick to support me whenever I needed advice, which definitely helped as this was my first time selling a company.”

Dan Wright will continue as Managing Director of Monochrome, which now acts as the consultancy practice within Kerv Group. To learn more, please visit www.monochromeconsultancy.co.uk or www.kerv.com.

acquired by

Monochrome Consultancy Ltd
Sector: IT Consultancy
Location: Hampshire
Buyer: Kerv Group

 

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Completed Sale

AC Electrical Ltd

KBS Corporate has overseen the sale of Blackpool-based AC Electrical Services Group Ltd (ACE) to a company listed on NASDAQ Stockholm.

Among the leading electrical contractors in the UK, ACE provide a comprehensive range of services for commercial, industrial and private clients.

Operating nationally, and predominantly in the retail, supermarket, local government and hospitality sectors, electric car-charging installations is one of the company’s specialist areas.

ACE also test and inspect fire alarms, emergency lighting, CCTV and security systems, employing 58 members of staff in total, with their clients including Tesco, B&M Retail, Bose and the racecourses at Wetherby and Catterick.

Founded in 1995 by managing director Andrew Cumpsty, ACE have enjoyed considerable growth with a regular stream of new, referral and repeat custom, some of which dates back to the start of the company’s 28-year history.

With Jay Singh, KBS Corporate Finance Director, presiding over the deal, 80% of the shares in ACE has been acquired by Storskogen, a Swedish-based international group of businesses across trade, industry and services.

AC Electrical managing director Andrew Cumpsty said: “Storskogen is a great cultural and business fit for ACE and we have shared ambitions for the future.

“I am really looking forward to the next phase of growth and continuing to build the business and relationships with the Storskogen team.”

Jay Singh, Corporate Finance Director for KBS Corporate, said: “AC Electrical is an excellent business and has an enviable reputation within the marketplace.

“During our process, we generated a lot of interest in the group and met with several potential acquirers, but Storskogen were the best strategic fit and shared the long-term vision of the business.

“The transaction will allow ACE to become part of a larger organisation and build on the fantastic platform Andrew and his team have built over the years. It was a pleasure to lead on this transaction and to work with Andrew to bring the process to a successful conclusion.”

Philip Lofgren, head of Storskogen UK, said: “ACE is Storskogen’s eighth acquisition in the UK. We are delighted to add ACE to our growing portfolio of niche companies with leading market positions.

“We have worked closely with Andy and ACE and believe this is a great platform on which to grow our presence in the mechanical, electrical and plumbing space in the UK.”

acquired by

AC Electrical Ltd
Sector: Electrical
Location: Lancashire
Buyer: Storskogen

 

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Completed Sale

Phoenix Engineering Systems Ltd

West Yorkshire-based Phoenix Engineering Systems Limited has been sold to Shearwater GeoServices, with KBS Corporate overseeing the transaction.

Phoenix has established itself as a reputable player in the international marine seismic exploration market, offering a complete design, manufacturing and maintenance solution. The company is recognised as a vibration isolation expert, with the three largest fleets in the world utilising its patented PVIM (Phoenix Vibration Isolation Module) products.

The business was established by Donald Wallace, its Managing Director, in Sydney, Australia originally, growing over the course of nine years before relocating to the UK in 2016.

Shearwater GeoServices was identified as the eventual acquirer, building on an existing relationship between the two parties.

With their head office based in Bergen, Norway, Shearwater is an innovative global provider of 3D and 4D marine seismic data, imaging products and data processing software. They operate a fleet of modern, purpose-built vessels with towed and ocean-bottom seismic acquisition capabilities.

Donald Wallace will remain with the business for the foreseeable future to work closely with the new owner as Phoenix enters its next stage of development.

Corporate Director Tom Eatough, who advised Donald throughout the process, commented: “Phoenix is a great business with a strong foothold in a specialist niche of its sector.

“I was really pleased we managed to secure the right deal for Donald and I’m sure the acquisition will be a great success for both parties moving forwards.”

acquired by

Phoenix Engineering Systems Ltd
Sector: Marine Exploration
Location: West Yorkshire
Buyer: Shearwater GeoServices

 

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Completed Sale

Tim Hogarth Antiques Ltd

TV antiques show dealer Tim Hogarth has more time to pursue his chosen ventures going forwards after KBS Corporate oversaw the sale of his business.

A mainstay of the Dickinson’s Real Deal programme on ITV1 ever since it first aired in 2006, Tim has sold his two shops in Bradford city centre to Harvey and Thompson Ltd (H&T) who operate the UK’s largest pawnbroking chain.

In freeing him up to devote more attention to his Red House Antique Centre in York, as well as his television work, Tim considered it essential that the buyer KBS Corporate identified as the best fit for Hogarth Antiques Ltd would continue to care for the interests of his customers and six employees.

He is convinced they will be in good hands with H&T, who are the industry leader in the UK.

“It was absolutely 100% important to me to make sure the staff, some of whom I had trained up and had worked for me since leaving school, were looked after,” said Tim.

“I have great confidence that the transition will prove to be nice and easy for the staff to move over and I know that will be the priority for H&T as well.”

While he has no specific new plans in the pipeline at present, Tim’s idea is to invest the extra time he now has available on developing his existing business interests.

“I’m looking to continue with Red House Antiques and spend more time there,” he added. “Having the Bradford shops was quite intense and took up a lot of time, which meant I couldn’t spend as much time at Red House.”

And, of course, filming for series 19 of highly popular and successful antiques programme Dickinson’s Real Deal was due to begin on Saturday April 22nd in Stoke-on-Trent.

Regarding his own ‘real deal’ which was overseen by KBS corporate deal executive Kaitlin Warburton, Tim expressed his satisfaction with the sale of his business.

“I was happy, it was an easy process and KBS handled it well,” he said. “I would recommend KBS Corporate to anyone who wants to explore a business sale and is seeking sound advice.”

acquired by

Tim Hogarth Antiques Ltd
Sector: Retail
Location: Yorkshire
Buyer: Harvey and Thompson Ltd

 

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Completed Sale

AVA Insure Ltd

KBS has successfully overseen the sale of AVA Insure, which generated significant interest in the wider insurance industry before being acquired by A-Plan Holdings.

London-based AVA Insure has achieved considerable growth since its inception in 2013, developing a comprehensive range of home, commercial, property and fleet insurance services.

Existing shareholders Ugur Can and Mehmet Cicek instructed KBS on the sale of AVA Insure, looking to grow under the impetus of a larger entity while retaining the current workforce. Associate Director Fabio Rambelli advised throughout the process, utilising KBS’s network to target trade buyers on a national scale and reach over 50 interested parties.

A-Plan Holdings has integrated AVA Insure into the Aston Lark Group to enhance its growing insurance portfolio. The acquisition is part of the Aston Lark Group’s continued expansion strategy, with over 75 regional locations now established across the UK and Ireland.

acquired by

AVA Insure Ltd
Sector: Insurance
Location: London
Buyer: A-Plan Holdings

 

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Completed Sale

Stellarise Ltd

Will Griffiths, KBS Corporate Deal Executive, has overseen the sale of Cloud computing specialist Stellarise Ltd to Velocity Managed Services.

Based in London, Stellarise offers a range of IT and technology solutions encompassing cybersecurity through to hardware supply, with access to over 30 technical staff across multiple disciplines.

The company has now been taken under the wing of the Velocity Technology Group, which was founded in 2003 and is headquartered just outside Denver, Colorado.

In 2022, Velocity took steps to expand into the UK and European markets and after what it described as “an extensive search”, it has acquired 100% of Stellarise.

“We spent countless hours looking for potential companies to acquire that would add more critical mass from a customer and skills perspective,” said a Velocity spokesperson.

KBS Corporate was able to help Velocity reach its acquisition goal, with their spokesperson adding: “We are excited to add 30 new customers to our Velocity Technology Group family and can’t wait to start adding value to our 330+ customers across the group with our joint solutions offering.”

Regarding the M&A market appeal of Stellarise, Will Griffiths said: “It was certainly an attractive opportunity. The business has the unique capability of offering a full reporting system to its clients, which is fully scalable to meet the requirements of clients of all sizes.

“The business had also developed its own IP, which is used to ensure the safety of clients’ email databases and is unique to the industry.

“The client was very competent and great to work with.”

Will also praised the services provided by sell-side solicitor Ison Harrison, describing Victoria Boid’s work as “exceptional”.

Velocity is confident that bringing Stellarise under its umbrella is a sizeable step in its expansion plans having already successfully onboarded many new customers across the UK, Europe and Middle East.

“We believe this acquisition will support our customer mission and significantly enhance our ability to deliver on it,” said the Velocity spokesperson.

“Stellarise believes the right technology will grow your business, make it stronger and turn your vision into reality.

“The goal at Stellarise is to provide businesses with the strategy and resources they need to make informed, timely and scalable decisions that help their business growth in an ever-changing corporate environment.”

acquired by

Stellarise Ltd
Sector: IT
Location: London
Buyer: Velocity Managed Services

 

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Completed Sale

Eagle Plastics Ltd

KBS has advised on the sale of Eagle Plastics Ltd, working closely with shareholders Graham Pearman and Stephen Holder to negotiate a mutually beneficial agreement with acquirer Plastribution Ltd.

Over the course of three decades, Leicester-based Eagle Plastics has established itself as a market-leading supplier of thermoplastic sheet materials with UK-wide distribution capabilities.

Andrew Dodd, Corporate Director at KBS, liaised with the shareholders throughout the process to identify potential buyers that aligned with Eagle Plastics’ core values and could seamlessly consolidate the company with their existing operations.

“The deal is a great fit for both companies,” said Andrew. “I feel Plastribution was exactly the right buyer for the client.”

Eagle Plastics attracted circa 30 interested parties, including large suppliers of thermoplastic materials seeking national expansion and distributors of complementary products looking to diversify their revenue streams.

Plastribution, also based in Leicestershire at Ashby de la Zouch, became the successful acquirer, their core business being the distribution of thermoplastic pellets for injection moulding, extrusion and blow moulding industries.

They are integrating Eagle Plastics’ sheet business into their product division and retaining the company’s 11 employees at their existing premises, along with managing director Darren Clarke.

acquired by

Eagle Plastics Ltd
Sector: Manufacturing - Sheet Materials
Location: Leicestershire
Buyer: Plastribution Ltd

 

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Completed Sale

Fine Group Ltd

KBS Corporate has advised on the sale of Fine Group Limited, targeting the national textile industry before recognising Redmond Investments Limited as a suitable acquirer.

Fine Group, based in London, design and manufacture materials for the armed forces and services, as well as the healthcare and industrial sectors, including PPE. More recently, they have also branched out into making rugs for racehorses.

George Barnes, Associate Corporate Director for KBS, oversaw the transaction, representing the family-owned Fine Group’s interests in all negotiations.

“We were looking for a deal that offered the shareholders a clean exit while securing the Managing Director’s role post-sale,” said George.

“Ongoing discussions identified Redmond as a suitable buyer looking to acquire a business with a strong trading history and scope to grow.”

Throughout the process, George was dedicated to finalising terms which satisfied our clients and fulfilled the buyer’s growth strategy.

“Although there was a strong argument to re-evaluate our objectives, we negotiated a deal that maintained the original enterprise value and ensured no future payments would be linked to post-completion performance,” he added.

Fine Group will now be an investment priority for Redmond as it looks to expand its existing customer base in key international markets.

acquired by

Fine Group Ltd
Sector: Manufacturing - Textiles
Location: London
Buyer: Redmond Investments

 

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Completed Sale

Ryan Brothers Holdings Ltd

Award-winning catering services provider Sprint Group has been sold to a private equity-backed competitor in a deal overseen by KBS Corporate.

Worcestershire-based Sprint Refrigeration & Catering Ltd, founded in 1994 by David Ryan, designs, installs and maintains commercial kitchens and food servery counters, working with the hospitality industry as well as schools, hospitals and care homes.

Among its clients are well-known brands including Burger King, Giraffe, The Ivy Asia and Bill’s, with Sprint having been honoured on multiple occasions at the Foodservice Equipment Journal Awards and the Catering Insight Awards.

With the help of KBS Corporate Director Tom Eatough, Sprint, which is the trading name of Ryan Brothers Holdings Ltd, has been acquired by Bradford-based Airedale Group – backed by private equity investor Rubicon Partners – in a highly strategic investment.

Luke and Ross Ryan will continue to head up Sprint, with the Airedale Group having renewed the lease at the company’s head office in Pershore for 10 more years.

“This is a great opportunity to build on everything that has been achieved by the Sprint team,” said Ross Ryan. “The support and investment available as part of the Airedale Group will help to deliver our growth plans and see the business fulfil its potential.

“After extensive discussions over many months with the Airedale team it became clear the two businesses have similar priorities and values, especially with respect to customer focus and a dedication to delivering exceptional results.

“We were also struck by their approach to businesses that had previously joined the Airedale platform, particularly the retention of both culture and identity. We are convinced Sprint’s growth will only accelerate as a result of group synergies and the investment available.”

Rob Bywell, Airedale Group CEO, added: “With this acquisition, Airedale Group are demonstrating a continued commitment to broadening our offering, and to investing in unique propositions for the hospitality and food service sector.”

acquired by

Ryan Brothers Holdings Ltd
Sector: Catering Services
Location: Worcestershire
Buyer: Airedale Group

 

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Completed Sale

Sonic Scaffolding 2000 Ltd

Sonic Scaffolding 2000 Limited has been sold to business investor Ryan Eaton, with KBS Corporate successfully advising the company throughout the transaction.

Founded by Colin White in 2000, Sonic Scaffolding was set up with the aim of establishing a presence in the regional scaffolding sector.

The Wiltshire-based company has continued to grow ever since, benefiting from a strong reputation in the commercial, construction, industrial and domestic markets.

Colin White instructed KBS Corporate on the sale of the business as part of his wider retirement plans.

Corporate Deal Executive Steve Alcock worked closely with Colin throughout the process, enabling KBS Corporate to identify a suitable buyer.

“It was important to find a deal structure at the right value that would ensure staff retention,” said Steve. 

Ryan Eaton was the successful acquirer, looking to enhance his investment portfolio by targeting scaffolding companies across South West England.

Steve Alcock added: “I feel the buyer will be able to push the business forwards, allowing Sonic Scaffolding to grow even further.

“Colin will be working with the new owner during a handover period, allowing Ryan to implement an effective growth and investment strategy.”

acquired by

Sonic Scaffolding 2000 Ltd
Sector: Scaffolding
Location: Wiltshire
Buyer: Ryan Eaton

 

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Completed Sale

Alterior Ltd

A more relaxed lifestyle for the company’s managing director has been enabled following the sale of Alterior Ltd by KBS Corporate.

Alterior is a Plymouth-based business which provides medical and dental diagnostic X-ray imaging systems and was founded in 2003.

The MD, Tony Hulbert, decided the time had arrived to pursue other interests in life while the operations director, Tom Lacy, wanted to remain with the company.

KBS Corporate, equipped with our prevailing network of potential buyers and exhaustive research tools, were instructed to facilitate the sale of the business and targeted a broad range of companies.

These comprised suppliers of medical equipment looking to expand their current product portfolio; other X-ray equipment providers aiming to expand their client base; suppliers to the NHS looking to increase their offering; supply and installation contractors for all medical sectors; and suppliers looking to gain access into leading manufacturing firms to secure future contracts.

Due to the niche service offering, there was considerable interest in Alterior from private equity buyers.

However, the eventual acquirer was Dublin-based company Medray Imaging Systems, which is the leading provider of radiology equipment, accessories and consumables to the healthcare industry in Ireland.

The transaction, overseen by Charles Needham, KBS Corporate Deal Executive, met the client’s targeted objective while also enhancing Medray’s presence within the UK’s NHS system.

“It’s always great to see my clients achieve their aspirations in deal value and deal structure,” said Charles. “I’m excited to see what the future holds for Tom under the umbrella of Medray.”

acquired by

Alterior Ltd
Sector: Medical Diagnostics
Location: Devon
Buyer: Medray Imaging Systems

 

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Completed Sale

Proper Cornish Limited

KBS Corporate’s deal team have been described as “simply brilliant to work with” by the CEO of food manufacturer Proper Cornish after overseeing the sale of the business.

The Bodmin-based company, renowned for their Cornish pasties, have been acquired by French quality food producer Boncolac who specialise in frozen sweet and savoury baked products.

At the heart of the transaction were Mark Lucas and George Jackson, KBS Corporate Managing Director and Associate Director respectively, who advised the Proper Cornish shareholders during a process that identified Boncolac as the ideal buyer to help accelerate growth for the company, which was founded in 1988, and to retain the brand and its entrepreneurial ethos.

“Mark, George and their team were simply brilliant to work with,” said Chris Pauling, CEO of Proper Cornish.

“They were an exceptional support through every stage of the sale and made our job easy. 

“They clearly understood our business and the market, which was reflected in the expertly written and designed marketing materials and their ability to generate lots of interest from potential buyers.

“They were on the front foot throughout and were instrumental in finding the best price and home for our business and getting the deal done. 

“I’d thoroughly recommend them to any entrepreneur looking to raise investment or sell a business.”

A high-performing and dynamic manufacturer of products which also include sausage rolls and other savoury pastries, Proper Cornish’s attraction to potential buyers also comprised its state-of-the-art infrastructure, a loyal and diverse customer base and a clear plan to continue its strong growth trajectory.

Those factors clearly appealed to Boncolac, whose headquarters is in Toulouse with their Group backed by Waterland Private Equity Investments which operates across Europe.

“This transaction delivers continuity for Proper Cornish as part of the Boncolac Group, an ambitious Pan-European buy-and-build project, and allows the sellers to secure the shareholder value created by Proper Cornish’s growth trajectory and investments,” said Mark Lucas.

“The acquisition offers Boncolac clear commercial synergies through various cross-selling opportunities and establishes a strong presence in the UK market. 

“We are delighted to have advised Chris and his team on the sale of Proper Cornish. They have built an absolutely fantastic business which has found a great home to continue its journey in the Boncolac Group.”

acquired by

Proper Cornish Limited
Sector: Food and Drink
Location: Cornwall
Buyer: Boncolac SAS

 

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Completed Sale

Belowground Contracts Ltd

Groundworks specialist Alistair Garden has taken a big step towards his retirement with the help of KBS Corporate – whilst remaining actively involved in the business he founded.

Alistair set up Belowground Contracts Ltd in 2006, building a company that performs high-quality piling construction, underpinning and construction services for commercial and domestic projects across the south of England and Wales.

With its head office located in Exeter, Belowground has worked with high-profile clients in the private and public sectors, including Co-Op, BMW, Next, Network Rail and the NHS, and the company has also featured on TV programmes such as Homes Under The Hammer, Grand Designs and The Restoration Man.

Having turned 50, Alistair decided the time had come to think ahead towards his retirement and enlisted the help of KBS Corporate to find a buyer for Belowground.

After researching a broad range of potential acquirers in the trade and private equity brackets, KBS identified Canadian company GoliathTech Piles as the right fit for Belowground and a seven-figure sale, overseen by deal executive Charles Needham, was completed.

Not only does the transaction help greatly with Alistair’s retirement plans but he is staying on with Belowground in an Operations Director role for the next three years and potentially longer, as the company integrates the practices which have made GoliathTech so successful in their field.

“They are already very well established in Canada and the United States with more than 150 franchisees and are now branching out into the UK and France,” explained Alistair.

“GoliathTech manufacture and franchise piling equipment, so Belowground is changing to a new format of adopting solely one technique.

“When I first started looking into selling the company, I never imagined there would be interest from overseas.”

Being a new experience for Alistair, the sale was completed to his satisfaction.

“The process was very good overall,” he said. “Everyone at KBS was very helpful, they all got on board and were proactive. I was very pleased when the sale went through.”

KBS Corporate deal executive Charles Needham added: “GoliathTech have gained more UK presence through a horizontal acquisition. “Alistair and I had a great relationship throughout the deal and it was nice to see a successful sale be completed.”

acquired by

Belowground Contracts Ltd
Sector: Groundworks
Location: Devon
Buyer: GoliathTech Piles

 

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Completed Sale

Abrasives For Industry Ltd and Right Lines Ltd

Tool parts suppliers Abrasives For Industry Ltd and Right Lines Ltd have been sold in a deal overseen by Will Griffiths, KBS Corporate Deal Executive.

Trading under the names of Abrasives World and Right Lines, the companies are direct mail order and online sellers of abrasive technology products including drill bits, metal cutting devices, sanding discs and polishing products.

Company directors Richard and Julia Robbins were looking to retire and have duly done so thanks to the sale of the businesses to the Premium Tools Group Ltd, based in Baildon, West Yorkshire.

The respective product ranges complement those of the acquirer which trades under the name of Rowland Tools, also a specialist in lubrication equipment, inspection tools and clamping tools.

Describing the acquisition market appeal of Abrasives For Industry and Right Lines, Will Griffiths said: “Intellectual property held within their own brand is certainly attractive.

“It was a smooth transaction with both parties achieving what they were looking for.”

acquired by

Abrasives For Industry Ltd and Right Lines Ltd
Sector: Retail & Wholesale
Location: Yorkshire
Buyer: Premium Group Tools Ltd

 

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Completed Sale

Metaltech Precision Engineers Limited

Metaltech Precision Engineers Limited is a highly reputable service provider primarily offering subcontracted precision machining services to a variety of commercial sectors. The Company was formed as a partnership in 1976, quickly establishing itself within its sector and building up lasting relationships with clients. Metaltech has experienced significant growth since its inception, with the strength of its technical expertise and machining experience ensuring the business’s sustained success for the foreseeable future.

The company’s five directors instructed KBS Corporate on the sale of their business to facilitate the retirement of some.

Metaltech proved popular, attracting 60 companies from trade and private equity from both overseas and the UK. The ultimate offer came from Unibloc Hygienic Technologies, who has developed a relationship over several years and will enable Unibloc to expand their production and operations in the UK.

Corporate Deal Executive at KBS Corporate, Steve Alcock, advised Metaltech throughout the process.

acquired by

Metaltech Precision Engineers Limited
Sector: Precision Machining
Location: East Sussex
Buyer: Unibloc Hygienic Technologies

 

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Completed Sale

Derbyshire Decorators Ltd

Derbyshire Decorators Ltd is a highly regarded, successful painting and decorating business. The company has experienced considerable growth since its foundation in 1985, with the strength of its workforce, products and service offering enabling it to build up an excellent reputation within its region and maintain a high-value, long-standing client base.

The shareholders of Derbyshire Decorators Ltd approached KBS Corporate with the sale of their business to facilitate their retirement plans.

During initial discussions it became apparent that deal structure was a key requirement, alongside sourcing a suitable buyer that would realise the potential of the company.

The company attracted 12 interested parties with the majority of interest coming from UK trade with some interest from private investors. The successful offer came from Nottinghamshire-based trade buyer John Ryan Group.

Steve Alcock, Corporate Deal Executive at KBS Corporate, advised Derbyshire Decorators Ltd throughout.

acquired by

Derbyshire Decorators Ltd
Sector: Decorators
Location: Derbyshire
Buyer: John Ryan Group

 

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Completed Sale

FROG IT Services Ltd

An IT company belonging to the family of the PA and nursing coordinator of the late Professor Stephen Hawking has been sold by KBS Corporate.

FROG was started in 1986 by Judy Fella, who at the time was working closely with the world-renowned physicist, cosmologist and author.

Sir Stephen asked Judy to try out a new computer for the production of his scientific papers and later his book A Brief History of Time, which also became the title of the biographical film about his life.

In learning how to use the new word processor and making notes, Judy took her first steps towards compiling computer training manuals – which is how FROG was born.

Now, 37 years later, KBS Corporate has overseen the sale of Cambridge-based FROG IT Services Ltd and FROG Networking Solutions Ltd to inTec Business Solutions Ltd, whose Group head office is in Manchester.

FROG has developed into being a specialist provider of IT support and cloud-based services to small and medium-sized customers. The company has built up an excellent reputation, gaining a large customer base, many of whom provide repeat business owing to the high-quality service they receive.

Judy’s sons Chris and Richard, who have been associated with the business for the last few decades, approached KBS Corporate regarding the sale of the Group to enable the retirement of the majority of the shareholders – although Chris is remaining with the company post-completion.

Having attracted a large amount of interest, the ideal buyer for FROG was identified as inTEC, who are fulfilling a growth-via-acquisition strategy having completed 13 acquisitions since the company’s formation in 2016.

Fabio Rambelli, Associate Director at KBS Corporate, advised throughout the process and said: “I am delighted with the sale of FROG IT to inTec Business Solutions and that my clients are able to reap the rewards of their hard work.

“I am confident FROG will continue to succeed under inTec and I wish everyone the very best in the future.”

Richard Fella, managing director of FROG IT Services, said: “This will allow both our customers and staff to benefit from being part of a larger organisation but whose core values remain the same as those of FROG IT.”

Simon Howitt, chairman and CEO at the inTEC Group, added: “Richard has built a great team with a very strong business. We are excited to begin working with them to bring added value to their client base and further enhance the inTEC portfolio through their additional industry experience.

“This latest acquisition extends our reach across the UK, allowing us to deliver even greater value for our clients.”

acquired by

FROG IT Services Ltd
Sector: IT
Location: Cambridge
Buyer: inTec Business Solutions

 

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Completed Sale

Agri-Gem Limited

Agri-Gem Ltd, the largest independent supplier of ground-care products to the amenity sector, has been acquired by an Irish buyer with the help of KBS Corporate.

The Dublin-based buyer, Origin Enterprises, is a group that focuses on improving agricultural outcomes through crop technologies and inputs. The acquisition will enhance the group’s global presence by reinforcing its strength within the UK market.

Agri-Gem Ltd, based in Lincoln and which trades under the Agrigem brand, instructed KBS Corporate to implement a diverse research strategy to source a buyer that was not only the right fit, but would also enable the company to continue its growth trajectory and support the existing management team.

Managing director Kieran Would said: “I am thrilled to be joining the industry leader, Origin. There are various challenges currently facing our industry and to have a strategic partner like Origin will allow us to navigate these and continue to find niche opportunities.

“We have always had an appetite for growth, and to have a parent company which understands this and can also facilitate this is a key driver for Agri-Gem going forwards.

“We have dealt with Origin as a supplier for many years and have enjoyed a good relationship along the way. Origin’s core values align with my own – their commitment to the amenity sector and their people is evident. This cemented in my mind that they were the only company suitable for the Agri-Gem business for the future.”

Origin Enterprises managing director Chris Clark said: “Agri-Gem is an excellent fit for Origin to broaden our product range for our existing customers, as well as entry into new markets that Agri-Gem currently serve.

“Investment in this sector is a key priority for the group as we broaden our offering in sustainable green spaces. We are delighted to welcome the Agri-Gem team to the Origin Group and look forward to working together.”

Tom Eatough, Corporate Director at KBS Corporate, led the transaction.

acquired by

Agri-Gem Limited
Sector: Distribution - Agriculture
Location: Lincolnshire
Buyer: Origin Enterprises Plc

 

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Completed Sale

MA Solutions (Lindum) Limited

MA Solutions (Lindum) Limited is a highly reputable water treatment consultancy, specialising in the design and provision of water treatment programmes including health and safety legislations for legionella control. The Company has experienced considerable growth since its foundation in 2004, 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.

Mark Agius, the sole shareholder of MA Solutions (Lindum) Limited instructed KBS Corporate with the sale of their business to facilitate further growth whilst allowing them to retire. During initial discussions, it became apparent that staff retention and the securing of future business with newly acquired clients was of high importance.

This shaped KBS Corporate’s research strategy towards overseas and UK trade resulting in 28 interested parties. The successful offer came from Severn Trent Services which has completed multiple acquisitions over the years, the largest of which was Dee Valley Group in 2016. The acquisition will enable Severn Trent Services to diversify its service offerings whilst also acquiring MA Solutions (Lindum) Limited’s client base.

Post-completion Mark Agius will remain with MA Solutions (Lindum) Limited to facilitate a hand-over period.

Matthew Sibley, Corporate Deal Executive at KBS Corporate advised MA Solutions (Lindum) Limited throughout.

acquired by

MA Solutions (Lindum) Limited
Sector: Water Treatment
Location: Lincolnshire
Buyer: Severn Trent Services

 

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Completed Sale

Inveniet Opus Ltd

Cornwall-based Inveniet Opus Ltd (OPUS Recruitment) has been sold to Zen Educate, with KBS Corporate Deal Executive Charles Needham advising throughout the process.

Founded in 2014, OPUS is a specialist recruitment agency operating in the education sector, supplying full-time and supply staff to schools and colleges across South West England.

The business’s strong reputation in its field has allowed OPUS to grow and enhance its service portfolio, which includes consultancy and training solutions.

OPUS Director Russell Main instructed KBS on the sale of the business to strengthen its long-term growth capabilities.

“Russell knew the business was ready to expand,” advised Charles. “In order for OPUS to reach its next level, it needed a prominent buyer and suitable investment.

“The business has strong profit margins, year-on-year growth and is well placed to develop as part of a larger group.”

While interest was generated across the wider recruitment market, Zen Educate quickly recognised OPUS as an ideal acquisition.

Zen is continuously developing its technology platform to connect teachers and schools across the UK, offering a cost-effective, online-based solution that differs from traditional recruitment agencies.

The OPUS acquisition forms part of Zen’s long-term vision to develop unparalleled recruitment software for the national education sector.

Charles added: “Zen is really accelerating its growth trajectory and is eager to maximise its value over the coming years.

“We’ve been able to negotiate a cash-shares sales split for Russell, realising the value of OPUS while allowing him to be a part of its next phase of development.”

acquired by

Inveniet Opus Ltd
Sector: Recruitment
Location: Cornwall
Buyer: Zen Educate

 

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Completed Sale

Infrastructure Gateway Limited

Infrastructure Gateway Limited (IGL) is an accredited utility connections company serving housebuilders throughout central England. A fully accredited service provider, the company boasts Multi Utility Registration Status, making it one of only a handful of companies in the UK to achieve this recognition. IGL was established in 2002 with significant water sector heritage and is highly regarded by customers and industry peers.

The shareholders of IGL, Gary and Julie Morgan, are set to retire from the business with Steven Draper, Karen Westwood and Benjamin Brownbill remaining to focus on growth opportunities and further development of the company. They approached KBS Corporate Finance regarding the sale of their business to enable their well-earned retirement, having built the company from the ground up over several decades into the market leader it is today.

KBS Corporate Finance implemented a diverse research strategy generating interest from trade and investment acquirers alike. Multiple offers were received for IGL with the successful bid coming from utilities service provider South Staffordshire Plc Group (SSPlc), backed by Arjun Infrastructure Partners which specialises in investment across the utilities, energy, renewables and infrastructure sectors.

Steven Draper, Managing Director of IGL, commented: “Following a great relationship with KBS Corporate, we are delighted to join SSPlc and look forward to our future as part of the Group. We already had a strong regional client base, but over the past two years recognised a need for growth and diversity whilst maintaining our core business and relationships. Through KBS Corporate we have found SSPlc is the perfect fit to help us drive further growth opportunities, expanding our services nationwide and into next-generation essential infrastructure markets.”

John Hunt, KBS Corporate Finance Director, said: “It was a real pleasure to work with and support the shareholders on this transaction. The KBS team enjoy considerable expertise in the utility sector and were well-placed to identify the most likely acquirer of the company and navigate the process to a successful outcome for all concerned. Under the guidance of South Staffordshire Group, with the backing of Arjun and the continued commitment of Steven and Ben, we are confident the future is bright for IGL.”

acquired by

Infrastructure Gateway Limited
Sector: Utilities Connections
Location: Northamptonshire
Buyer: South Staffordshire Plc

 

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Completed Sale

Lifting Gear and Safety Limited

Lifting Gear and Safety Limited is a highly reputable provider of specialist lifting equipment services, primarily offering hire, sale, and servicing solutions. Since the company’s inception in 2009, Lifting Gear and Safety Limited have experienced significant growth since its inception, with the strength of its dedicated workforce and outstanding reputation ensuring the business remains at the forefront of its market.

The shareholders of Lifting Gear and Safety Limited, Brian Curtin, Jim Martin, Tim Wilson and Gary Moorhouse, approached KBS Corporate with the sale of their business. It became clear their goal was to find a supportive new owner to enable the company to continue to grow whilst enabling some of the founding shareholders to consider and plan for retirement.

KBS Corporate implemented a diverse research strategy that attracted 30 interested parties. The successful offer coming from Sweden based Axel Johnson International and will see Lifting Gear and Safety Limited join their lifting division Lifting Solutions. Axel Johnson International is currently following a growth via-acquisition strategy having previously acquired a UK competitor of Lifting Gear & Safety with a different regional presence last year. Both acquisitions see Axel Johnson International strengthen its market share and geographical coverage.

Ralf Wiberg, Lifting Solutions Managing Director commented: “At Lifting Solutions, we aim to be in the forefront in the lifting market but also to find the best sustainable solutions. We want to drive the sustainability transformation in our industry. Our vision is to set the standard for a more sustainable future, and part of that is to develop more circular business models. We believe that rental is one cornerstone in our future growth with an increased focus on sustainable customer offers. Lifting Gear and Safety is a perfect opportunity to further expand our offering within the lifting rental market in the UK.”

Tom Eatough, Corporate Director at KBS Corporate, advised Lifting Gear and Safety Limited throughout the process.

acquired by

Lifting Gear and Safety Limited
Sector: Lifting Gear
Location: West Midlands
Buyer: Axel Johnson International

 

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Completed Sale

Care Management Systems Limited

Care Management Systems Limited (CMS) is a well-respected provider of care home management solutions, including its in-house developed software, CareDocs, and associated hardware and training. Predominantly operating within the care home 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.

Jonathan Ann, the Managing Director, and Kristopher Ann, the Director of Care Management Systems approached KBS Corporate with the sale of their business due to a change in personal circumstances.

Jonathan Ann said: “When Kristopher and I set about developing the CareDocs solution we didn’t envisage growing a company that would establish itself as a leading supplier to care homes in the UK. We’re delighted to hand over the reins to the CMS management team and look forward to seeing the business develop under Grafenia’s ownership.”

Gavin Cockerill, acting chief executive of Grafenia, said: “The acquisition of CMS is our third this financial year. It marks another step forwards in our transformation plan. Becoming a serial acquirer of Vertical Market Software businesses. We’re thrilled to add CMS and welcome its team to Grafenia’s growing portfolio.” Andrew Dodd, Corporate Director at KBS Corporate, advised CMS throughout the process

acquired by

Care Management Systems Limited
Sector: Software
Location: Greater Manchester
Buyer: Grafenia

 

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Completed Sale

Reschem Analytical Limited

Reschem Analytical Limited is a responsive, client-focused, GLP-accredited analytical laboratory, which specialises in pesticide residue analysis, conducting a wide range of regulatory studies for the registration of plant protection products for clients throughout the UK and internationally. ResChem was founded in 2014 and commenced trading, quickly establishing itself within its sector and building up relationships with new clients. The company has a respected reputation and extensive experience in the field of pesticide residue analysis covering a wide range of active ingredients and associated metabolites.

The shareholders of ResChem instructed KBS Corporate with the sale of their business to secure and scale the business whilst building towards their retirement plans.

The company attracted 47 interested parties, with interest coming from the UK and overseas trade and private equity firms. KBS Corporate was able to utilise these high levels of interest to generate a competitive bidding environment with ten offers. The ultimate offer came from US-based The Smithers Group Inc, which has a global presence with sites in North America, Europe, and Asia.

Luke Rae, KBS Corporate Deal Executive advised Reschem Analytical throughout the process and explained the impact of the acquisition: “This acquisition enables Smithers to expand the scope and breadth of its global pesticide residue offering and build its field co-operators network to conduct field trails in support of crop residue operator exposure studies. The acquisition includes the ResChem Analytical Limited operations, including offices and laboratories at the headquarters in Derby, United Kingdom. ResChem has a respected reputation and extensive experience in the field of pesticide residue analysis covering a wide range of active ingredients and associated metabolites.”

Derek Brown and Gareth Watson, ResChem’s Co-Founders, and a scientific team with decades of collective expertise and experience will continue to lead ResChem as a Smithers company under the strategic direction of Dr. Sharon Swales, Managing Director, Smithers Harrogate Environmental Risk Sciences laboratory.

Derek Brown comments: “We are excited about this new chapter for ResChem. As a Smithers company, we will be able to scale the business so we can continue to provide high quality studies and support to our clients as their needs grow.

Gareth Watson adds: “ResChem has built a strong reputation in Europe, the United Kingdom, the United States, and Japan. We anticipate this acquisition can facilitate the expansion of our geographic footprint into other regions of the world.”

Michael Hochschwender, Chief Executive Officer, Smithers states: “ResChem Analytical is an exciting addition to Smithers because we share a steadfast commitment to a client-first culture. We believe the ResChem Analytical culture of building trusted relationships is consistent with Smithers strategy of delivering accurate data, on time, with high touch.”

Susan Shepherd, Group President comments: “Smithers appreciates the team at KBS Corporate for bringing this opportunity forward. We value our trusted partners who support Smithers M&A activities. This deal is particularly important because ResChem Analytical significantly enhances Smithers global pesticide residue offering by expanding our capacity, capabilities, expertise, and network of field co-operators, which greatly benefits our global clients in the crop protection sector.”

acquired by

Reschem Analytical Limited
Sector: Analytical Laboratory
Location: Derbyshire
Buyer: The Smithers Group Inc

 

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Completed Sale

Eminence Transport Limited and Floryn Limited

Eminence Transport Limited is a specialist provider of general haulage and logistic solutions to clients across South East England.

acquired by

Eminence Transport Limited and Floryn Limited
Sector: Transport and Logistics
Location: Kent
Buyer: EFS Global

 

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Completed Sale

The Electric Gate Shop Limited

The Electric Gate Shop Limited supplies gate automation equipment, stocking an extensive range of products, which are sold to customers throughout the UK and internationally. Operating since 2000, the company has experienced considerable growth since its inception, with its reputation for exceptional service, knowledgeable workforce and high-quality products ensuring the continued strength of the business.

Having built the business for over 22 years the shareholders of The Electric Gate Shop Limited approached KBS Corporate with the sale of their business.

KBS Corporate was able to produce 55 interested parties. The ultimate offer came from Fortus Group backed by AIB Equity Capital. The acquisition forms part of the Group’s growth via acquisition strategy, which saw the Group also acquire Specialized Security Products and Red Rhino Monitoring.

Andrew Dodd, Corporate Director at KBS Corporate, advised The Electric Gate Shop Limited throughout the process.

acquired by

The Electric Gate Shop Limited
Sector: Gate Automation
Location: Essex
Buyer: Fortus Group

 

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Completed Sale

Computer Talk Limited

Computer Talk Limited is a highly regarded IT solution provider specialising in the education sector. The Company has experienced considerable growth since its foundation, with the strength of its service offering enabling it to build up an excellent reputation within its sector and maintain a high-value, long-standing client base.

The shareholders of Computer Talk instructed KBS Corporate with the sale of their business, to generate growth under the impetus of a new owner.

The opportunity attracted 33 interested parties primarily from UK trade buyers, with some interest from overseas trade and private equity. The successful claim from Virtual IT as a bolt-on acquisition to their existing group. This marks Virtual IT’s second acquisition via KBS Corporate having acquired JSPC Computer Services in 2020.

Post-completion the shareholders stayed on as consultants.

Corporate Deal Executive at KBS Corporate, Charles Needham advised Computer Talk Limited.

acquired by

Computer Talk Limited
Sector: IT Solutions
Location: Essex
Buyer: Virtual IT

 

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Completed Sale

G&M Heating Utilities

G&M Heating Utilities is a well-respected plumbing and heating contractor servicing a variety of new build properties and refurbishments in the North West. Servicing both private individuals and commercial clients, the Company has established a prominent reputation 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 the business over the decades, the shareholders of G&M Heating Utilities, Gary Bourke and Wayne Stowell, approached KBS Corporate with the sale of their business to enable them to pursue unrelated business interests.

The opportunity attracted 21 interested parties, most of the interest coming from trade with some private investors. The successful offer came from Thirdway Investment Group and will act as a bolt-on to their existing plumbing and heating operations.

Charles Needham, Corporate Deal Executive at KBS Corporate, advised G&M Heating Utilities.

acquired by

G&M Heating Utilities
Sector: Plumbing and Heating
Location: Greater Manchester
Buyer: Thirdway Investment Group

 

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Completed Sale

Go Media Limited

Go Media Limited, which recently rebranded as Oomph Works Ltd, is a boutique software house, offering a comprehensive range of bespoke web, app and business systems to its clients throughout the UK. The company was founded in 2007 and commenced trading, quickly establishing itself within its sector and building up relationships with new clients.

Paul Norton, the majority shareholder of Go Media, approached KBS Corporate, with the sale of their business in order to enable growth under the impetus of a new owner. During initial discussions, it became apparent that staff retention was of high importance.

The opportunity drew high levels of interest attracting 65 interested parties, with a wide spread of interest from overseas and trade buyers and investment buyers. The successful offer came from ACI Group.

Commenting on the business acquisition, Karsten Smet, Director of ACI Group, said: “With the acquisition of Oomph Works Ltd, ACI Group is developing an AI-powered real-time SaaS data solution that incorporates all aspects of both traditional and non-traditional supply chain elements, so SMEs can easily build resilience and minimise the impact of active and potential real-time disruptions.”

Charles Needham, Corporate Deal Executive at KBS Corporate, advised Go Media Limited.

acquired by

Go Media Limited
Sector: Software
Location: Yorkshire
Buyer: ACI Group

 

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Completed Sale

The Safecell Security Group

The Safecell Security Group is a competitive and dedicated company specialising in providing a wide range of security solutions. Safecell was founded in 2001 and incorporated in 2002, quickly establishing itself within the market and building relationships with customers.

Michael Dunne and Kirsty Dunne approached KBS Corporate with the sale of Safecell to facilitate the retirement of one of the shareholders. During the initial discussions it became apparent that staff retention was highly important to the shareholders.

The opportunity produced 86 interested parties and six offers. The successful offer came from Croma Security Solutions Group Plc, a UK trade buyer. The acquisition will extend the Group’s geographic footprint and enable better service, whilst expanding existing relationships with clients that have operations in the area.

Roberto Fiorentino, chief executive of Croma, said: “Safecell is an excellent business and under Mick Dunne it has built a strong reputation in the North West security market. I am delighted Mick will be staying with the group and I look forward to working alongside him, as we build our presence further across this important region.

“As recently stated, alongside the proposed sale of our manned guarding business, Vigilant, we are re-focusing our Company on our higher margin security solutions businesses alongside establishing a national network of security centres.

“After a slower period during the pandemic, opportunities such as Safecell are emerging which is a natural fit with our objectives, and we are hopeful of completing similar earnings enhancing acquisitions in 2023.”

Luke Rae, Corporate Deal Executive at KBS Corporae, advised The Safecell Security Group throughout.

acquired by

The Safecell Security Group
Sector: Fire and Security
Location: Greater Manchester
Buyer: Croma Security Solutions Group Plc

 

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Completed Sale

Watermark Technologies Limited

Operating since 2003, Watermark Technologies Limited is a specialist developer and supplier of innovative document management software (DMS) to clients operating across a diverse range of sectors throughout the UK, South Africa, and the United Arab Emirates (UAE). Watermark’s comprehensive service offering has earned it an excellent reputation in its sector and facilitated the establishment of strong relationships with several prestigious clients.

The opportunity proved popular attracting a significant number of interested parties across trade and private equity. KBS Corporate Finance was able to produce a competitive bidding environment resulting in multiple offers.

The ultimate offer came from Grafenia Plc as part of their acquisition strategy, which has seen the group experience high levels of growth.

Gavin Cockerill, acting chief executive of Grafenia, said: “The acquisition of Watermark is yet another step toward growing our software nucleus. Maximising what Grafenia is good at, selling and supporting software systems that help businesses run better.”

Tim Boggie and Stewart Spink, joint founders of Watermark, added: “We had been planning for retirement and actively seeking a new owner for the business we have built and cherished over 20 years.”

“We believe Grafenia is the perfect home to provide continuity of support and maintain long-term customer relationships developed over many years. We look forward to seeing Watermark thrive in a larger group.”

Tom Eatough, Corporate Director at KBS Corporate Finance, advised Watermark throughout the process.

acquired by

Watermark Technologies Limited
Sector: Document Management Software
Location: Yorkshire
Buyer: Grafenia Plc

 

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Completed Sale

Zeta Analytics Ltd

Zeta Analytics Ltd is an established and trusted provider of independent testing for licensed human, veterinary and medical products, working with prestigious, multinational clients in the pharmaceutical sector. The Company has experienced considerable growth since its inception, with its reputation for providing exceptional service, a knowledgeable workforce and high-quality solutions ensuring its continued strength. Zeta Analytics operates internationally, working with several blue-chip pharmaceutical companies and benefitting from a high volume of repeat custom.

The opportunity attracted 64 interested parties predominately from UK trade. These high levels of interest produced four offers.

The successful offer came from Phenna Group, which previously acquired The IASME Consortium Ltd via KBS Corporate Finance in September 2021.

Mayur Gohil, MD of Zeta Analytical commented, “I am very excited for Zeta Analytical to join Phenna Group at an important time in my company’s history. Our business has developed over many years, underpinned by strong family values, and so selecting the right partner who appreciated and understood our operating model was important. Phenna and Zeta have a like-minded philosophy and that was key in my decision-making. Since my first call with Paul and the Phenna Team, they have been easy to deal with, acting with integrity throughout. I believe the business is in great hands for the future ambitions we have. Zeta shares Phenna’s value of trust and allowing Zeta to operate with a high level of autonomy”.

Paul Barry, Group CEO of Phenna Group said, “I am pleased and excited to welcome Mayur and the wider Zeta team to Phenna Group. Zeta is an excellent and experienced team and from our first meeting with Mayur, I was convinced they would be a great fit within our Group. Adding additional services and capacity to our Health Sciences Division has been a key strategic objective for the Group. I very much look forward to working with Mayur and his team to help deliver their ambitious growth plans.”

Tom Eatough, Corporate Director at KBS Corporate Finance, advised Zeta Analytics throughout the process.

acquired by

Zeta Analytics Ltd
Sector: Pharmaceutical
Location: Hertfordshire
Buyer: Phenna Group

 

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Completed Sale

Fix n Fit Tyres Limited

Fix n Fit Tyres Limited is a highly regarded supplier of heavy plant tyres, as well as offering a selection of tyre management services to clients throughout the North West. The company has experienced considerable growth since its foundation in 2009, with the strength of its workforce, products and service offering enabling it to build up an excellent reputation within its sector and maintain a strong, long-standing client base.

Having built up the business over several years, Stephen Hart and Kelly Hart, the shareholders of Fix n Fit Tyres Limited approached KBS Corporate with the sale of their business in order to help them realise their retirement plans.

During initial discussions, it became apparent that staff retention was of utmost importance to the shareholders. This shaped KBS Corporate’s research strategy towards a buyer who could provide further growth whilst maintaining the current staff.

The opportunity attracted interest predominately from UK trade buyers.  Literacy Capital Plc produced the successful offer. The synergistic acquisition will enable Literacy to expand using a national network whilst increasing Fix n Fit’s profitability. Post-completion all staff will be retained which will enable the company to cut lead times and provide a greater geographical presence.

Luke Rae Corporate Deal Executive at KBS Corporate advised Fix n Fit Tyres Limited throughout the process.

acquired by

Fix n Fit Tyres Limited
Sector: Heavy Plant Tyres
Location: Greater Manchester
Buyer: Literacy Capital Plc

 

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Completed Sale

Bourne End & Henley Security Systems  

Bourne End & Henley Security Systems is a highly trusted fire and security systems installation and maintenance engineering company operating throughout Thames Valley, South East England. The comprehensive range of services offered by the company has earned it an excellent reputation in its sector and facilitated strong relationships with a number of customers.

The shareholder of Bourne End & Henley Security Systems, Roger Elam, approached KBS Corporate with the sale of their business to facilitate their retirement plans.

During initial discussions, it became apparent that realising the capital generated whilst enabling staff retention was highly important. This shaped KBS Corporate’s research strategy towards domestic trade.

This proved highly successful and resulted in the company attracting 37 interested parties with the successful offer coming from a UK trade buyer, New Path Fire and Security. The company is currently following a build-and-buy strategy having recently completed eight other acquisitions since 2021. The acquisition of Bourne End & Henley Security Systems will also enable the expansion of New Path Fire and Security’s geographic footprint.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised Bourne End & Henley Security Systems throughout.

The shareholder of Bourne End & Henley Security Systems, Roger Elam, will be remaining as Managing Director post-sale.

acquired by

Bourne End & Henley Security Systems  
Sector: Fire and Security
Location: Buckinghamshire
Buyer: New Path Fire and Security

 

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Completed Sale

Wharncliffe Business Systems

Wharncliffe Business Systems is a well-established provider of Sage 200 systems for SMEs with supporting IT solutions, CRM systems and software support for national clients, specialising in Sage solutions tailored to a wide range of clients’ individual requirements. The Company is particularly prominent within the flooring and textiles industries, with its Sage-based in-house developed Realitex200 system providing dedicated solutions for companies in this market and facilitating the continued smooth running of their operations.

Having built up the business over the course of 41 years, the shareholders instructed KBS Corporate with the sale of their business as part of their retirement plans.

Wharncliffe Business Systems attracted impressively high levels of interest totalling 135 interested parties, with the vast majority coming from UK trade with some private equity interest. KBS Corporate was able to use these high levels of interest to generate several offers. Innov8 Technology were the eventual buyer of choice, this acquisition forming part of their diversification plans. The acquisition of Wharncliffe enables the company to strengthen its presence in the North of England.

Carl Maher, Managing Director of Innov8, commented: “This is the latest fantastic addition to the Innov8 Group that not only increases our presence in the Sage and Cloud spaces, but adds another important vertical solution to our already exciting InnRange portfolio.”

Guy Haynes, Corporate Director at KBS Corporate Finance, advised Wharncliffe Business Systems throughout the process, and commented “This has been a long journey incorporating some highly unusual events, but from a very early stage, it was clear that there was a strong commercial fit between Innov8 and Wharncliffe.  More importantly, there were shared values and a strong personal affinity between the parties, which I’m sure is the primary reason why this deal has made it over the line.   I feel confident that Innov8 will be able to build on the excellent work of the Exley family over several decades, and that the business will continue to go from strength to strength.”

DTE advised Innov8, while legals were provided by Gateley PLC on behalf of the vendors, and Gorvins on behalf of the buyers..

acquired by

Wharncliffe Business Systems
Sector: IT
Location: South Yorkshire
Buyer: Innov8 Technology

 

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Completed Sale

PIS (Ireland) Limited

PIS (Ireland) Limited is a fuel installation company catering to petrol forecourts and oil depots across Ireland. The company was founded in 2012, quickly establishing itself within its sector and building up relationships with new clients. PIS (Ireland) has developed strong relationships with several blue-chip organisations, some of which have been in place for over 15 years.

The opportunity attracted 17 interested parties, with most of the interest coming from trade. The successful offer came from LCM Environmental Services Limited which acquired South Midland Installations earlier this year.

Colin Doyle, general manager at PIS Ireland, commented: “We are thrilled to become a part of the LCM Group. With our combined in-house capabilities, extensive fleets and trained experts, LCM and PIS complement each other on all levels.

“Over the years that followed PIS Ireland’s foundation in 2012, the company has established a prominent reputation within its sector and has formed strong relationships with a multitude of clients across the UK. As such, it is now in an excellent position from which to achieve considerable further expansion alongside LCM.”

Richard Wallace, chief executive at LCM Environmental, commented: “It has been a long-term goal of LCM Environmental to acquire an Irish base and expand overseas. We are happy to announce that this is now a reality, and we look forward to integrating PIS (Ireland) capabilities within the company.

“The start of the LCM Group marks a new beginning for us, as a business – we are more determined than ever to keep growing within the industry and reach new heights in the coming months.”

George Barnes, Associate Corporate Director at KBS Corporate Finance, advised PIS (Ireland).

acquired by

PIS (Ireland) Limited
Sector: Fuel Installation
Location: Ireland
Buyer: LCM Environmental Services Limited

 

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Completed Sale

Vivup

Vivup provides employee health and wellbeing benefits to over 550 public and private sector organisations, supporting more than 1.5 million employees mentally, physically, and financially through bespoke benefits programmes. The company’s proprietary Fintech software enables transactional flows between employee, employer and contracted partners providing significant revenue from Estore sales (with products ranging from electronics through to holidays), SaaS annual income from the Reward App, FCA regulated insurance products and Employee Assistance Programme (EAP) charges per employee.

Having built the company over several years Jane Davis and Simon Moyle, the shareholders of Vivup, approached KBS Corporate Finance with the aim of accelerating further growth.

The opportunity attracted impressive levels of interest, the majority of whom came from UK trade buyers and private equity. KBS Corporate Finance was able to generate a competitive bidding environment with the ultimate offer coming in the form of an MBO backed by Omni Partners LLP. The London Based private equity firm has an eclectic portfolio including companies in the construction and building, energy, and recruitment sectors.

Simon Moyle, CEO of Vivup commented: “Times are changing and now more than ever employers are focused on the welfare of their staff and fostering a work environment which engages and empowers their people. We are committed to providing world-class employee health and wellbeing benefits and this MBO will allow us to further enhance our offering and continue to transform work cultures through impactful benefit programmes.”

He was delighted with the work that KBS did saying “Thank you Julian and KBS for all your hard work and making sure we had a bulletproof agreement – we appreciate everything you have done for us.”

Charles Gallagher-Powell, Head of Private Equity at Omni commented: “We are excited to be supporting Simon and his team at Vivup in continuing the exceptional growth they have achieved in recent years. Employee engagement and wellbeing are more important than ever and Vivup is leading the way in providing innovative offerings in support.”

Steven Clark, Omni Founder says: “Our investment in Vivup continues our theme of backing best-in-class management teams to further execute on their vision. We look forward to partnering with the Vivup team as they continue with their mission of revolutionising employee benefits.”

Julian Coy, Managing Director of KBS Corporate Finance, and Anne Pritchard, Corporate Finance Executive, advised Vivup throughout the process. Legal advice was provided by TLT LLP.

Julian Coy commented: “We were delighted to work with the Vivup team to firstly gain a deep understanding of the B2B2C business model and then introduce a wide range of UK and International Private Equity and trade buyers to the shareholders and management, so they had multiple options to choose from. Vivup’s disruptive market approach and leading software mean that they dominate the Public Sector market at a time when staff recruitment, retention and motivation are critical. The investment by Omni Partners should allow them to continue to innovate, widen the service offering and accelerate their penetration of the wider market.”

acquired by

Vivup
Sector: Employee Benefits
Location: Surrey
Buyer: Omni Partners

 

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Completed Sale

Storetec

Digital storage specialist Storetec has received an investment from Bridges Fund Management via its Sustainable Growth Funds, which will assist in the company’s growth plans.

Storetec’s specialist equipment and software enables the full digitisation of a broad spectrum of physical records, creating a fully interactive and indexable digital copy of the original source documents, capitalising on increasing market demand for remote access to and the futureproofing of document libraries and archives. Leveraging a wealth of expertise and continued significant investment in state-of-the-art technology, Storetec has developed an exceptional and comprehensive range of complementary services that generate considerable cross-selling opportunities through a lucrative recurring revenue model and significant repeat business from an enviable blue-chip client base.

Neil Robson, the CEO of Storetec, instructed KBS Corporate Finance to seek investment into their business to accelerate business growth and performance.

The ultimate offer was produced by Bridges Fund Management via its Sustainable Growth Funds. Bridges Fund Management was founded in 2002 and has invested in over 160 companies over the years. The investment will promote further growth of Storetec enabling the company to support more clients across the UK and further afield.

Neil Robson, founder and CEO at Storetec, said: “We’re excited to be partnering with Bridges at this critical stage of the business’s growth journey. We wanted an investor who understood our market, shared our values, and had a strong track record of helping businesses like ours to harness their growth and impact potential. Bridges fitted the bill perfectly.”

Simon Braham, partner at Bridges, commented: “In the last few years, the digitisation trend has accelerated rapidly. Protecting sensitive corporate and personal information has to be a priority for every organisation. We identified Storetec as a best-in-class operator in this sector, and we believe it has a really compelling market opportunity. We’re looking forward to partnering with Neil and the team to help accelerate Storetec’s growth and establish it as an ESG champion in the sector – drawing on our extensive experience of impact-driven value creation.”

David Gardner, Director and Anne Pritchard, Corporate Finance Executive, at KBS Corporate Finance advised Storetec throughout the process. Legal advice was provided by TLT to Storetec.

acquired by

Storetec
Sector: Document Management
Location: Yorkshire
Buyer: Bridges Fund Mangement

 

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Completed Sale

Review Display Systems

Review Display Systems, IQRF UK Limited and GSRG Limited design manufacture and supply electronic display, embedded and IoT systems, operating internationally from South East England. RDS commenced trading in 1982, quickly establishing itself within its sector and building up lasting relationships with clients. As the Group continued to expand, it cultivated an exceptional reputation across multiple sectors and achieved multiple accreditations, demonstrating its high standard of service.

Having built the business for several decades the shareholders of RDS, Russell Gilbert and Graham Smith, approached KBS Corporate with the sale of their business. Their goal was to realise some of their value after years of effort in building the business and seek investment to drive it to the next stage of growth.

During initial discussions, it became apparent that the protection of staff and the health of the business moving forwards, was important to the shareholders.

The Group drew interest from UK and overseas trade and private equity buyers, attracting 106 interested parties in total. KBS Corporate was able to produce a competitive bidding environment with Volex PLC producing the successful offer.

Volex PLC has established itself as a leader in integrated manufacturing services and power products, through a combination of organic and acquisitive growth. The acquisition of RDS brings both new and complementary customers to Volex. RDS will be integrated within GTK UK and will retain its existing brand identity and management structure.

John Morath, Managing Director of GTK UK, stated, “The integration of Review Display Systems will strengthen our combined design and engineering capabilities, increase our share in the display marketplace and advance our position in the IoT solutions space. Both our organisations pride ourselves on our engineering expertise, ability to provide custom solutions for OEMs and excellent customer service.”

Russell Gilbert, Managing Director of Review Display Systems, said, “GTK and Review Display Systems have a remarkably similar approach to business. We are both strongly engineering led organisations. Becoming part of GTK and the Volex group provides a sound financial platform to accelerate market growth.”

Joe Norris, Associate Corporate Director at KBS Corporate Finance, advised RDS throughout the process.

acquired by

Review Display Systems
Sector: Electronics
Location: Kent
Buyer: Volex PLC

 

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Completed Sale

Chillibyte

The company is a digital marketing specialist, offering a comprehensive range of services to clients throughout the UK and the USA. Predominantly operating within the digital marketing sector, Chillibyte has established a prominent position within its industry 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 the business into an impressive international entity, the shareholders of Chillibyte, instructed KBS Corporate Finance with the sale of their business to achieve a reward for their success to date, and enable further growth under new ownership.

The opportunity attracted 129 interested parties, most of the interest coming from trade with some private investors and private equity interest. The successful offer came from Broadlight Group, as part of their current growth via acquisition strategy having previously acquired Generate UK.

Both key shareholders will remain with the business following the acquisition.

Guy Haynes, Corporate Director at KBS Corporate Finance, advised Chillibyte.

acquired by

Chillibyte
Sector: Digital Marketing
Location: West Sussex
Buyer: Broadlight Global

 

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Completed Sale

Climb Online

KBS Corporate Finance advised on the acquisition of Climb Online by xDNA Group. Founded in 2015 by Mark Wright, the company has focused on its niche and established itself as a trusted and reliable provider of quality digital marketing services to clients across several sectors. The shareholding of the Company is held 50:50 between Wrighton Investments Ltd and Amsvest Limited. Wrighton Investments is the investment vehicle of Mark Wright and Amsvest is the investment vehicle of Lord Alan Sugar. The company was formed as a collaboration following the airing of the 2014 BBC TV business programme, ‘The Apprentice’ which Mark Wright won. Over the years Climb Online has developed an enviable blue-chip client base including TikTok, Made.com and Luxurious Look.

Having built the business over a number of years Mark Wright approached KBS Corporate Finance with the sale of their business.

The opportunity attracted high levels of interest predominately from UK trade buyers, with the successful offer coming from xDNA Group. The Group is an award-winning digital agency with offices in Asia and the UK. xDNA Group is currently following an aggressive growth strategy having previously acquired Big Reach Marketing and Fluid Studios and opening an office in Dubai.

Mark Wright, who will continue as a Shareholder of the group, commented: “I couldn’t have sold my business without KBS. When Lord Sugar and I first started being approached from trade buyers, and financials buyer and decided to sell our business we knew in order to have the most structured process and achieve the highest price we needed to work with KBS. We were initially impressed with the marketing materials they put together, the teaser document and IM were professionally written and beautifully designed and they took the time to understand our business to present it in the best possible light. All that said, by far the best part of working with KBS was the team they assigned us. Ian Barton & Anne Pritchard are truly a different class of professionals. Their knowledge of buying and selling a business is unmatched and they dominated the process at every stage, the buyer profiling, pre-screening, meeting prep and follow-up made my job easy, all I ever needed to do was talk about my business. It was no surprise we got lots of interest and a great price. They were always at the end of the phone, sometimes at crazy hours to educate me on a point or calm my nerves towards the end. I genuinely think of the KBS team as friends and the next time I’m buying or selling a business, Ian & Anne will be our first call. Thanks for everything!”

Lord Sugar commented on the major milestone: “Climb Online has experienced rapid growth since Mark and I founded the business, and I’m so proud of what has been achieved. I look forward to seeing the next phase of growth with great interest, as this is a great example to all budding entrepreneurs of what can be possible.”

Mark Chambers, xDNA Group Executive Chairman, commented: “The combination of xDNA and Climb Online is extremely compelling – creating one of the largest full service digital and software agencies in the UK. We have some exciting expansion plans to continue to develop the group that will add true value to our clients across the globe. It is an exciting time for the team, and I’m looking forward to delivering further growth and success.”

Ian Barton, Managing Director, and Anne Pritchard, Corporate Finance Executive, at KBS Corporate Finance advised Climb Online throughout the process.

Ian Barton commented: “We are delighted to have advised Mark and Lord Sugar on the sale of Climb Online, the first successful exit of a business founded by the winner of BBCTV’s ‘The Apprentice’.  Having watched Mark start his journey so publicly on the show and to have been trusted to advise the shareholders on the completion of their entrepreneurial journey together was a huge privilege.  The business attracted huge interest from a number of international parties and we were pleased to have completed the deal in a smooth and targeted process with XDNA Interactive.  We wish Mark well in his next entrepreneurial venture and the whole Climb Online team in the newly enlarged global group, and we will be watching the 2023 series to see who Lord Sugar hires as the next winner.”

acquired by

Climb Online
Sector: Digital Marketing
Location: London
Buyer: xDNA Group

 

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Completed Sale

Diacom Networks

Diacom Networks provides creative, professional, and reliable IT and telecommunications services to a multitude of clients internationally. 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.

Diacom Networks shareholders, Steven Harrison and Mandy Harrison, approached KBS Corporate with the sale of their business in order to promote growth under the impetus of a new owner.

The opportunity attracted high levels of trade interest, with the majority of the 25 interested parties coming from trade.

The successful offer came from UK trade buyer, Croft Communications. The acquisition acts as Croft’s fifth acquisition since May this year, including Design Communications, Active Voice & Data, Cloud9 and Claro Communications.

Diacom Networks Managing Director Steven Harrison commented: “After looking for several months for a way of developing Diacom Networks Ltd, I was introduced to the Croft senior management team via a mutual contact. The following meetings were very positive and encouraging. It felt like a good fit for my personal goals my business and my customers moving forward. A direct hit on what I was looking for. The ability to have increased resources available, but also continue to work with my customers.

I am very pleased to say that, as of the end of September, I am now part of the Croft team. I am looking forward to working within the business to bring exciting opportunities to my customers.”

Croft CEO Mark Bramley commented: “We can’t wait to benefit from the technical knowledge, skills and experience that the team at Diacom will bring to Croft. We look forward to welcoming them on board.”

Charles Needham, Corporate Deal Executive at KBS Corporate, advised Diacom Networks.

acquired by

Diacom Networks
Sector: IT and Telecommunications
Location: Leicestershire
Buyer: Croft Communications

 

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Completed Sale

Freedom Heat Pumps Limited

Freedom Heat Pumps Limited designs, supplies and supports ground and air source heat pumps, primarily working with merchants and installers on a national basis. Since the company’s inception in 2010, Freedom Heat Pumps Limited has experienced significant growth, developing into one of the largest heat pump distributors in the UK. They supply a range of brands and offer technical advice to installers in what is a rapidly growing market.

The shareholders of Freedom Heat Pumps Limited approached KBS Corporate with the sale of their business to enable the retirement plans of the majority of the shareholders. During initial discussions, it became apparent that sourcing a buyer that would ensure staff retention whilst enabling further growth of the business was of high importance.

The company proved popular with trade and private equity attracting numerous interested parties. These high levels of interest were used to generate a competitive offer environment resulting in five offers being produced. The ultimate offer came from UK trade buyer Certas Energy, a subsidiary of FTSE 100 company DCC plc. Certas Energy has been highly active within the acquisitions market having previously acquired multiple companies within recent months. The acquisition of Freedom Heat Pumps Limited will enable Certas Energy to strengthen its position within the sector whilst enabling further growth and development of the company.

Post-completion Managing Director, Chris Higgs, will remain with Freedom Heat Pumps Limited.

Tom Eatough, Corporate Director at KBS Corporate Finance, advised Freedom Heat Pumps Limited and commented: “I am really pleased we managed to reach a successful conclusion for our clients.  Completing a transaction in the midst of a turbulent economic and political backdrop presented its challenges, but Freedom is a high-quality business in an exciting sector, and I am sure it will be a great success for both sides moving forward.”

acquired by

Freedom Heat Pumps Limited
Sector: Heat Pumps
Location: Lancashire
Buyer: Certas Energy

 

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Completed Sale

Inspection Verification Bureau

Inspection Verification Bureau is a reputable provider of independent verification and inspection services, primarily serving clients with global interests in the hydrocarbon and renewable energy industries. The company has experienced significant growth since its inception, with the strength of its reputation, client relationships and accreditations ensuring the sustained success of the business for the foreseeable future.

The shareholders of Inspection Verification Bureau, Chris Bolton, and Matt Chapman approached KBS Corporate with the sale of their business to secure Chris’ retirement plans. It also became clear that the continuation of Inspection Verification Bureau’s international presence was vital.

The company drew interest from UK and overseas trade buyers, attracting 16 interested parties in total. TUV Rheinland UK Limited produced the successful offer, part of the TUV Rheinland Group benefit from a strong presence within Germany. The acquisition will enable TUV Rheinland to strengthen its international reach.

Post completion Matt Chapman will begin his new role as Managing Director of TUV Rheinland UK Limited.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised Inspection Verification Bureau throughout and commented: “The acquisition will be highly beneficial for both parties to expand each of their reaches internationally, with IVB gaining a significant foothold in Europe via TUV-R and the buyer gaining presence in the middle east.”

acquired by

Inspection Verification Bureau
Sector: Inspection and Verification
Location: Norfolk
Buyer: TUV Rheinland UK Limited

 

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Completed Sale

Ravenhall Risk Solutions Limited

Ravenhall Risk Solutions Limited is a chartered insurance broker, offering an extensive range of products and services to clients throughout the UK. Predominantly operating within the insurance 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. This has ensured the longevity and strength of its client base.

Having built up the business over the course of 16 years, the shareholders Neil Grimshaw and James Daly, instructed KBS Corporate to find the right strategic partner. It also became apparent during initial discussions, that it was also vital to find an acquirer who could enable further growth and enable the retention of the current staff.

The opportunity attracted 49 interested parties, some from private equity and investment with the vast majority coming from trade. KBS Corporate was able to utilise these high levels of interest to generate a competitive bidding environment with ten offers. The successful offer came from UK trade buyer Jensten Group Holdings. The deal strengthens Jensten’s operations in Yorkshire and acts as the latest step in its growth strategy.

Alistair Hardie, Jensten Group CEO commented: “We are delighted to welcome Ravenhall to the Jensten family. Neil and the team share our core values and culture, providing an exceptional broking service and putting clients first – making them an ideal fit for the Jensten Group.”

Neil Grimshaw, Ravenhall Director, explained: “After deciding it was time for the business to enter its next phase, Jensten quickly became the obvious choice when looking for a buyer. Their focus on our people and clients from the beginning and their track record of buying brokers in the right way gave us the confidence we were making the right decision.”

Alistair added: “The addition of Ravenhall to the Jensten portfolio further demonstrates that we are the natural home for high quality regional and specialist brokers who want to protect and grow the business they’ve built, ensuring both staff and clients remain central to the business.”

Associate Corporate Director at KBS Corporate, George Barnes, advised Ravenhall Risk Solutions Limited. Adam Gilbert and Georgia Bradley from Chatterton provided Legal advice on the transaction. 

acquired by

Ravenhall Risk Solutions Limited
Sector: Insurance
Location: Yorkshire
Buyer: Jensten Group

 

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Completed Sale

Out N About ATP Limited

Out’n’About ATP Limited specialises in the supply of a range of multi-award-winning, all-terrain pushchairs and accessories. 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 continued strength and success of the business.

The shareholders of Out’n’About ATP Limited approached KBS Corporate with the sale of their business to facilitate their retirement plans. During initial discussions, it became clear that it was important to find a buyer who could capitalise on the business’s recent growth generated by their e-commerce offering and product development.

The company attracted global interest predominately from trade, drawing 22 interested parties in total. This resulted in two competing offers with the successful offer coming from private equity buyer AE Partners.

George Barnes, Associate Corporate Director at KBS Corporate, advised Out N About ATP Limited. Adam Kaucher and James King of Irwin Mitchell LLP provided legal advice on the transaction.

acquired by

Out N About ATP Limited
Sector: Pushchairs and Accessories
Location: Bedfordshire
Buyer: AE Partners

 

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Completed Sale

Kinetek Solutions Limited

Operating since 2013, Kinetek Solutions Limited is a specialist provider of IT infrastructure services, supporting mid-market enterprise resource planning (ERP) implementations. The comprehensive range of services offered by the company has earned it an excellent reputation in its sector and facilitated the establishment of strong relationships with prominent clients.

The shareholders of Kinetek, Robert Chesworth, Caroline Chesworth and Sarah Beattie, approached KBS Corporate with the sale of their business to facilitate further growth under the impetus of new ownership. The opportunity proved highly popular attracting 108 interested parties, with the majority coming from trade and some private equity buyers.

This enabled KBS Corporate to generate six offers, with the ultimate offer coming from UK trade buyer Awareness Software Limited. The acquisition will enable both companies’ further growth and staff retention at Kinetek.

Corporate Deal Executive, Steve Alcock, advised Kinetek throughout.

acquired by

Kinetek Solutions Limited
Sector: IT Infrastructure
Location: Cheshire
Buyer: Awareness Software Limited

 

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Completed Sale

WSW Consultancy Limited

WSW Consultancy Limited is an award-winning building surveying and architectural design practice, based in Fleet, Hampshire. Catering to a variety of industries, the company has established a prominent position within its sector and is held in high regard for the quality and reliability of its service offering, which has ensured the longevity and strength of its client base.

Having built up the business over the course of 27 years, the shareholders, Richard Woods, and Charlotte Woods are offering WSW for sale as part of their retirement plans. During initial discussions, it became clear that securing a buyer who could facilitate further growth and enable staff retention was important to the shareholders.

WSW attracted 24 interested parties with most of the interest coming from trade buyers, with some private equity interest. KBS Corporate was able to utilise this interest to generate a competitive bidding environment.

The successful offer came from Stiles Harold Williams Partnership LLP, a UK trade buyer based in Brighton. The acquisition acts as part of the company’s growth strategy and will enable staff retention.

Steve Alcock, Corporate Deal Executive at KBS Corporate, advised WSW and commented: “Both companies will benefit from each other’s service offerings and allow them to take on more work and expand, during the sale process there were a few hurdles, but these were overcome.”

acquired by

WSW Consultancy Limited
Sector: Building Surveying and Architectural Design
Location: Hampshire
Buyer: Stiles Harold Williams Partnership LLP

 

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Completed Sale

Spencer ECA Group Limited

Spencer ECA Group consists of Spencer Environmental Care Associates Limited and Quantum Geotechnic Limited. Spencer ECA offers services that include groundworks, site clearance, landscaping, forestry, bioenergy and almost all aspects of land and environmental maintenance and management. In more recent times, the company has expanded its offer into the renewables sector.

Quantum Geotechnic provides a range of geotechnical services, from desk-based research to preliminary risk assessments, mining studies, geotechnical and geo-environmental consultancy, through to site investigations, in-situ testing, specialist ground monitoring installations. The company also provides ground stabilisation services, including soil nailing, mini and micro piling, ground anchors, rock bolting, meshing, shotcrete works and grout injection.

During initial discussions with the shareholders of Spencer ECA Group, it became apparent that sourcing a buyer who could build on the founder’s success and facilitate further growth was very important.  The shareholders were keen to ensure that a buyer could support the staff and build on the great reputation and brand that the shareholders have built.

KBS Corporate implemented a diverse research strategy, which resulted in around 30 interested parties with a mix of financial and trade buyers. The successful offer came from RSK Group and this is the second acquisition via KBS Corporate within the past 12 months having previously acquired EIB Group.

Joint Managing Directors Jamie Jukes and Ross McDermott, who will continue to lead the Spencer business, said: “The clear synergy with the RSK Group, along with the opportunities for growth, made the Spencer Group acquisition by RSK a natural choice.”

RSK Group Chief Executive Alan Ryder added: “Spencer will expand our service offering in environmental management services, landscaping, groundworks, site clearance, recycling and forestry work, making a significant contribution to the group’s goals.

“Jamie and Ross’s comment about the synergy between RSK and Spencer is spot-on. Both companies are committed to the most comprehensive health and safety and environmental credentials, investing in sustainable resources and skills development.”

Tom Eatough, Corporate Director at KBS Corporate, Spencer ECA Group and commented, “It was a pleasure to work with the shareholders and I am really pleased with the result.  The shareholders have built a multifaceted construction support & environmental solutions business with an impressive client base.  I am sure the acquisition will be a great success moving forward.”

acquired by

Spencer ECA Group Limited
Sector: Groundworks
Location: Wales
Buyer: RSK Group

 

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Completed Sale

Parkway Interiors Limited

Parkway Interiors Limited manufactures bespoke, handcrafted furniture for the super yacht and high-end residential markets, which is supplied to clients throughout the UK and Europe. Parkway Interiors was founded in 2006 and commenced trading, quickly establishing itself within its sector and building up relationships with new clients.

The shareholders of Parkway Interiors approached KBS Corporate with the sale of their business as part of their retirement plans, as well as to safeguard the Company’s future for its employees, clients, and suppliers.

The company attracted 34 interested parties which led to three competing offers. The final offer came from Grant Russell, as part of their growth plans.

Alex Medwecki, Corporate Deal Executive at KBS Corporate, advised Parkway Interiors Limited.

acquired by

Parkway Interiors Limited
Sector: Manufacturing
Location: Hampshire
Buyer: Grant Russell

 

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Completed Sale

On Track Recruitment

On Track Recruitment provides professional, dependable temporary and permanent recruitment solutions for clients within a wide range of buoyant sectors based across Surrey and Hampshire. The company maintains strong, long-standing client relationships, benefitting from a high volume of repeat and referral custom.

Having been with On Track Recruitment since its founding in the late 1990s, the founder Shirley Cripps, approached KBS Corporate with the sale of their business to enable their retirement plans.

During initial discussions, it became apparent that staff retention and continuing a high level of service to customers were of utmost importance. This shaped KBS Corporate’s research strategy toward sourcing a UK trade buyer. This proved a popular approach and resulted in multiple offers. The ultimate offer came from The Sammons Group, the acquisition will enable the group to broaden its geographical footprint and strengthen its client base.

Post completion the current Business Director at On Track Recruitment will be promoted to Managing Director ensuring continuity of service quality.

Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised On Track Recruitment throughout and commented: “I am happy to have secured a great future for On Track Recruitment, their employees, management, and client base. The acquisition proved highly mutually beneficial as it also enabled The Sammons Group continued growth via their current acquisition strategy.”

Harriet Smith, Sammons CEO said: “As companies embrace the change driven by Covid-19, there has never been a better time to both broaden and deepen the recruitment offering of Sammons. We’re executing on our strategic growth plan through attracting highly complementary businesses and market-leading talent to meet the demands of our current and future clients.”

acquired by

On Track Recruitment
Sector: Recruitment
Location: Surrey
Buyer: The Sammons Group

 

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Completed Sale

Adan Group

Veljan Denison Limited has completed the acquisition of the Adan Group in an impressive deal that will enable the expansion of both companies. The Group consists of Adan Limited, Adan Holdings Limited and Hydraulic & Mechanical Services (Boston). The Adan Group has an excellent reputation as the manufacturer of hydraulic motors, reduction units, brakes, and ancillary products such as spur and epicyclic gearboxes.

The shareholders of the Group initially approached KBS Corporate to assist in their retirement plans.

The opportunity attracted 39 interested parties which led to two competing offers. The successful offer came from Indian-based trade buyer Veljan Denison Limited. The acquisition will enable Veljan Denison Limited to strengthen its position in the European market.

Post-completion the current shareholders will enable a handover period to ensure the continued success of the Group, over the next three years.

Luke Rae, Corporate Deal Executive at KBS Corporate, advised the Group and commented: “The Group presented a fantastic opportunity for a well-established international business, such as Veljan Denison Limited, to establish a foothold in the UK market. I wish both the companies all the best for the future.”

acquired by

Adan Group
Sector: Manufacturing
Location: Lincolnshire
Buyer: Veljan Denison Limited

 

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Completed Sale

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.”

acquired by

The CDT Group
Sector: Plastics
Location: Buckinghamshire
Buyer: Discover IE Group plc

 

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Completed Sale

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.

acquired by

Allton Warping Limited
Sector: Manufacturing
Location: Mansfield
Buyer: Eco Filters Limited

 

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Completed Sale

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.

acquired by

Allied Insulators Limited
Sector: Manufacturing
Location: Stoke-on-Trent
Buyer: Addtech

 

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Completed Sale

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.

acquired by

Micom Engineering Limited
Sector: Engineering
Location: Essex
Buyer: Northend Holdings Limited

 

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Completed Sale

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.”

acquired by

Chantry Chemicals
Sector: Chemical and Raw Materials Distribution
Location: Yorkshire
Buyer: The White Sea & Baltic Co Ltd

 

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Completed Sale

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.

acquired by

Gemini Parking Solutions London Limited
Sector: Parking
Location: Essex
Buyer: APCOA Parking

 

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Completed Sale

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.

acquired by

Kestrel International Circuits Limited
Sector: PCB
Location: West Sussex
Buyer: NCAB Group

 

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Completed Sale

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.

acquired by

Mitigate Cyber
Sector: Security
Location: Lancashire
Buyer: Citiation Group

 

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Completed Sale

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.”

acquired by

Aurora Manufacturing Ltd and Venture Polymers (UK) Ltd
Sector: Plastics Recycling
Location: Greater Manchester
Buyer: Ravago

 

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Completed Sale

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.

acquired by

East Anglian Fine Weld
Sector: Manufacturing
Location: Cambridgeshire
Buyer: LBO Corporation PLC

 

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Completed Sale

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.

acquired by

Rooms & Views Manufacturing Limited
Sector: Manufacturing
Location: Wales
Buyer: Foresight

 

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Completed Sale

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.

acquired by

BIL Group
Sector: Manufacturing
Location: Wiltshire
Buyer: PHD Industrial Holdings Limited

 

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Completed Sale

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.

acquired by

Chandler Communications Limited
Sector: Communications
Location: Northamptonshire
Buyer: Intercity

 

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Completed Sale

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.

acquired by

Hervia Bazaar Limited
Sector: Retail
Location: Greater Manchester
Buyer: Parabellum Investments

 

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Completed Sale

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.

acquired by

Channing Lucas and Partners
Sector: Marine Insurance
Location: London
Buyer: DR & P Group Limited

 

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Completed Sale

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.

acquired by

Tuffpipes Limited
Sector: Manufacturing
Location: Lancashire
Buyer: Naylor Industries PLC

 

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Completed Sale

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.”

acquired by

Tyneside Standards Limited
Sector: Measurement and Calibration
Location: Tyneside
Buyer: WIKA Instruments Ltd

 

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Completed Sale

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.

acquired by

GT Certification Limited
Sector: Measurement and Calibration
Location: West Midlands
Buyer: Construction Testing Solutions

 

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Completed Sale

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.

acquired by

MAW Consulting
Sector: Consultancy
Location: Yorkshire
Buyer: Jonathan Cornes Associates

 

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Completed Sale

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.

acquired by

Tony Perry Limited
Sector: Steel Fabrication
Location: Essex
Buyer: MFG Holdings

 

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Completed Sale

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.”

acquired by

S.I.I.S. Limited
Sector: Wholesale of Machine Tools
Location: Scotland
Buyer: Ascot Capital Ltd

 

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Completed Sale

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.”

acquired by

RDS
Sector: Research and Development Tax Credits
Location: Greater Manchester
Buyer: BGF

 

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Completed Sale

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.

acquired by

Commercial Maintenance Services UK
Sector: HVAC
Location: Tyne and Wear
Buyer: Newable Capital

 

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Completed Sale

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.

acquired by

ECEX Limited
Sector: Engineering
Location: Berkshire
Buyer: Usefulalus Limited/Gabriel Private Investments Ltd

 

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Completed Sale

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.”

acquired by

Pinnacle Electrical Ltd
Sector: Electrical Wholesale
Location: Greater Manchester
Buyer: Strathray Capital

 

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Completed Sale

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.

acquired by

Enhance Office Cleaning
Sector: Commercial Cleaning
Location: Kent
Buyer: Intelligent Workplace Solutions

 

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Completed Sale

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.

acquired by

Cresswell Office Services
Sector: Commercial Cleaning
Location: London
Buyer: Total Clean Services Ltd

 

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Completed Sale

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.

acquired by

GRG Public Resources Limited
Sector: Vehicle Recovery
Location: Staffordshire
Buyer: FMG Support Group Ltd

 

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Completed Sale

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.”

acquired by

Sock Academy Limited
Sector: Design and Manufacture of Socks
Location: Hertfordshire
Buyer: Jatania Holdings Limited

 

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Completed Sale

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. 

acquired by

Hydraulic and Offshore Supplies Ltd
Sector: Hydraulic and Offshore Products and Services
Location: Tyne and Wear
Buyer: RG Fluid Power Group Ltd

 

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Completed Sale

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.”

acquired by

BKS Logistics Limited
Sector: Warehousing
Location: Buckinghamshire
Buyer: Sadita (UK) Limited

 

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Completed Sale

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.”

acquired by

I.P. Recruitment Limited
Sector: Recruitment
Location: Hertfordshire
Buyer: Kenect Recruitment Limited

 

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Completed Sale

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.

acquired by

Brindley Medical
Sector: Medical Recruitment
Location: West Midlands
Buyer: Kingdom Group

 

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Completed Sale

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.”

acquired by

Kigtek
Sector: Software
Location: Scotland
Buyer: VINCI Energies

 

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Completed Sale

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.”

acquired by

UK Assistance 24/7
Sector: Facilities Management
Location: Yorkshire
Buyer: Sedgwick

 

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Completed Sale

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.

acquired by

So4Bed Limited
Sector: Manufacturing
Location: Devon
Buyer: Mangement BuyOut

 

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Completed Sale

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.

acquired by

Proserve Logistics
Sector: Logistics
Location: Wales
Buyer: Northwest Logistics Ltd

 

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Completed Sale

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.

acquired by

Northern Interstate Services
Sector: Wholesale
Location: Yorkshire
Buyer: Myers Building Group

 

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Completed Sale

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.”

acquired by

MCE Engineering
Sector: Engineering
Location: Derbyshire
Buyer: Mersey Industries

 

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Completed Sale

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.

acquired by

Robertson Cooper
Sector: Professional & Financial Services
Location: Greater Manchester
Buyer: handl Group

 

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Completed Sale

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.

acquired by

Suretrans Limited
Sector: Haulage
Location: Bedfordshire
Buyer: Banyan Supply Chain Solutions

 

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Completed Sale

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.”

acquired by

The Jenrick Group
Sector: Recruitment
Location: Surrey
Buyer: MCG

 

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Completed Sale

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.

acquired by

CDA Care Limited
Sector: Domiciliary Care
Location: Wales
Buyer: Grosvenor Health & Social Care

 

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Completed Sale

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.

acquired by

Custom Security Services Limited
Sector: Fire and Security
Location: Hertfordshire
Buyer: Churches Fire & Security

 

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Completed Sale

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.

acquired by

Project Design Engineers Limited
Sector: Engineering
Location: Northern Ireland
Buyer: Fingleton White

 

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Completed Sale

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.”

acquired by

McLeod Cabins Limited
Sector: Construction
Location: Oxfordshire
Buyer: Rentacabin Limited

 

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Completed Sale

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. 

acquired by

Carradice of Nelson
Sector: Manufacturing
Location: Lancashire
Buyer: Aquapac International Ltd

 

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Completed Sale

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.

acquired by

Micronics Flow Measurement
Sector: Manufacturing
Location: Buckinghamshire
Buyer: British Rototherm

 

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Completed Sale

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.

acquired by

Atherton & Partners Limited
Sector: M&E
Location: Wirral
Buyer: Business Delta Limited

 

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Completed Sale

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.

acquired by

Harvest Systems Support
Sector: IT Consultancy
Location: London
Buyer: Eurotux

 

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Completed Sale

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.

acquired by

The Educational Guidance Service Limited
Sector: Education
Location: Yorkshire
Buyer: E-Quality Learning

 

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Completed Sale

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.

acquired by

Delcor Ltd
Sector: Manufacturing
Location: Northumberland
Buyer: Succession Ltd

 

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Completed Sale

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.”

acquired by

Grahams Machinery Sales Limited
Sector: Engineering
Location: Cheshire
Buyer: United Tooling Solutions

 

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Completed Sale

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.

acquired by

Wavehill IT Solutions Limited
Sector: IT
Location: London
Buyer: Network Communications Group

 

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Completed Sale

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”.

acquired by

The IASME Consortium
Sector: Cyber Security
Location: Nottinghamshire
Buyer: Phenna Group

 

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Completed Sale

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.

acquired by

EiB Group Limited
Sector: Professional Services
Location: Cheshire
Buyer: RSK Group

 

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Completed Sale

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.”

acquired by

Golfsupport.co.uk Limited
Sector: Retail
Location: Nottinghamshire
Buyer: Inspiring Capital

 

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Completed Sale

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.

acquired by

BIST Group
Sector: IT
Location: Yorkshire
Buyer: Tactus Group

 

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Completed Sale

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.

acquired by

Saber Diamond Products Limited
Sector: Diamond Cutting and Drilling
Location: Surrey
Buyer: Abracs Limited

 

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Completed Sale

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.

acquired by

Fisher Group
Sector: HVAC
Location: Scotland
Buyer: Johnson Controls

 

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Completed Sale

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.

acquired by

Admiral Wealth Management
Sector: Financial Advisers
Location: Lincolnshire
Buyer: Kingswood

 

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Completed Sale

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.

acquired by

All-UK Adjusters
Sector: Risk and Damage Evaluation
Location: Durham
Buyer: QuestGates

 

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Completed Sale

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.

acquired by

Rosse Systems Limited
Sector: Fire & Security
Location: Yorkshire
Buyer: Checkmate Fire Solutions Limited

 

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Completed Sale

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.

acquired by

Americandy Inc Limited
Sector: Wholesale
Location: Berkshire
Buyer: SKG Acquisitions

 

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Completed Sale

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.

acquired by

SARN Technologies
Sector: IT Support
Location: Scotland
Buyer: Razorblue

 

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Completed Sale

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.

acquired by

Silkstone Environmental
Sector: Environmental Consultancy
Location: Yorkshire
Buyer: Constructing Testing Solutions

 

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Completed Sale

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.

acquired by

Dunwood Polymer Services Limited
Sector: Wholesale of chemical partners
Location: Yorkshire
Buyer: OBG Pharmaceuticals

 

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Completed Sale

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.

acquired by

Souter Reputation Management Consultancy Limited
Sector: Public Relations
Location: Cheshire
Buyer: Jargon PR

 

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Completed Sale

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.”

acquired by

Flair Developments Limited
Sector: Security
Location: London
Buyer: Ansor Limited

 

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Completed Sale

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.

acquired by

Tellemachus Limited
Sector: IT & Cyber Security
Location: West Yorkshire
Buyer: Bedroq Limited

 

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Completed Sale

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.”

acquired by

The Filter Design Company Limited
Sector: Manufacturing
Location: Merseyside
Buyer: Gentex Corporation

 

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Completed Sale

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 overseas 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.

acquired by

Ingenieur Limited
Sector: Engineering
Location: Hampshire
Buyer: G&J (CNC) Limited

 

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Completed Sale

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.”

acquired by

Jonathan Carey Design
Sector: Manufacturing
Location: Yorkshire
Buyer: Management Buyout

 

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Completed Sale

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.

acquired by

Silven Recruitment
Sector: Recruitment
Location: Greater Manchester
Buyer: Mangement Buyout

 

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Completed Sale

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.”

acquired by

Caremore Services Limited
Sector: Residential Care
Location: Yorkshire
Buyer: National Print Solutions

 

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Completed Sale

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.

acquired by

Liver Plant and Tool Hire Limited
Sector: Plant and Tool Hire
Location: Liverpool
Buyer: City Tool Hire

 

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Completed Sale

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.

acquired by

Swan Network Solutions
Sector: IT Support
Location: Chesire
Buyer: Tectrix Solutions

 

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Completed Sale

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.

acquired by

Tann Synchronome
Sector: Fire and Security
Location: Wales
Buyer: CDS

 

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Completed Sale

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.

acquired by

Automatic Engineers Limited
Sector: Engineering
Location: Leicestershire
Buyer: TGM Partners Limited

 

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Completed Sale

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.

acquired by

SYK Recruitment Specialists Ltd
Sector: Care Recruitment
Location: Yorkshire
Buyer: PSR Group Limited

 

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Completed Sale

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.

acquired by

Kiowa
Sector: Fluid Power Products Distribution
Location: Lincolnshire
Buyer: The Alfagomma Group

 

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Completed Sale

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

acquired by

Graybar Limited
Sector: Manufacturing
Location: Staffordshire
Buyer: NIBE

 

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Completed Sale

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.

acquired by

Reach Personal Injury Services Limited
Sector: Rehabilition
Location: Yorkshire
Buyer: handl Group

 

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Completed Sale

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.

acquired by

Key Management Systems Limited
Sector: Access Control Systems
Location: Buckinghamshire
Buyer: Came UK

 

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Completed Sale

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.

acquired by

ABG Limited
Sector: Geosynthetic Systems
Location: Yorkshire
Buyer: BontexGeo Group

 

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Completed 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.

acquired by

Vertemax Group Limited
Sector: Safety Products
Location: Kent
Buyer: Haki

 

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Completed Sale

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.

acquired by

STR Logistics
Sector: Logistics
Location: Devon
Buyer: 2020 Logistics Solutions

 

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Completed Sale

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.

acquired by

Advance Security Limited
Sector: Security
Location: Cambridgeshire
Buyer: New Path Fire and Security Ltd

 

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Completed Sale

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.

acquired by

Moss Switchgear Services Limited
Sector: Engineering
Location: Hampshire
Buyer: Otter Controls

 

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Completed Sale

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.

acquired by

GoEco Renewables Limited
Sector: Energy
Location: Yorkshire
Buyer: Ansor LLP

 

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Completed Sale

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.”

acquired by

Engineering Safety Consultants
Sector: Engineering Consultancy
Location: London
Buyer: ERM Limited

 

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Completed Sale

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.”

acquired by

JLF Moving Solutions Limited
Sector: Moving Solutions
Location: Staffordshire
Buyer: Shift Online

 

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Completed Sale

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.”

acquired by

Gortrush Trading
Sector: Wholesale
Location: Northern Ireland
Buyer: Orkla Plc

 

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Completed Sale

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.”

acquired by

Nutec Security Systems Limited
Sector: Security
Location: Northamptonshire
Buyer: Abel Alarm Co Limited

 

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Completed Sale

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.

acquired by

At On Line Computing Limited
Sector: IT
Location: London
Buyer: Tela Technology

 

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Completed Sale

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.

acquired by

Secure Web Services Limited
Sector: Broadband
Location: Shropshire
Buyer: Rural Broadband Solutions PLC

 

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Completed Sale

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.

acquired by

Photostatic Anglia Limited
Sector: Printing
Location: Norfolk
Buyer: Netbox Digital Limited

 

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Completed Sale

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.”

acquired by

Celtic Process Control Limited
Sector: Engineering
Location: Wales
Buyer: Private Investor

 

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Completed Sale

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.”

acquired by

Precision Products (Brighton) Limited
Sector: Engineering
Location: West Sussex
Buyer: Picross Engineering

 

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Completed Sale

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”.

acquired by

RSG Engineering Limited
Sector: Blue Light Products
Location: West Midlands
Buyer: Standby Group/Argynnis

 

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Completed Sale

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.”

acquired by

Ashford Orthodontics
Sector: Dental
Location: Tyne and Wear
Buyer: Ansor LLP

 

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Completed Sale

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.

acquired by

Complete Detection Systems Limited <