Elliott Environmental Services Limited
KBS Corporate has successfully completed the acquisition of Elliott Environmental Services Limited (EES), a highly regarded provider of heating, ventilation and air conditioning systems (HVAC).
The company’s core service offering is centred around the supply and installation of a range of HVAC equipment. EES also offers servicing and maintenance to clients that have purchased equipment previously, contributing to a small portion of the company’s turnover.
Since being established in 2003, EES has secured a status as a regional leader within the sector, and has achieved numerous accreditations and memberships over the years, including becoming OFTEC registered, and being awarded the F-Gas, Gas Safe, SafeContractor certificates, to name a few.
The shareholders of EES decided to sell their shares in order release some equity and plan for retirement, and instructed the services of KBS Corporate in order to do so. The shareholders expressed a desire to pass the company into the hands of a trade buyer that would be able to provide a refreshing approach to the business coupled with industry expertise. In order to deliver this, KBS Corporate created a research strategy which targeted mainly trade buyers, through use of our marketing portals, professional network, and an industry specific list of potential buyers.
After circa 10 NDAs were received from interested parties, and a number of offers were received, a deal was negotiated with the eventual buyer, Lloyd Crisp, of Crisp Group Holdings Limited.
Having worked internationally as a Chief Executive, Managing Director and Financial Director within the fabrication, engineering and petrochemical markets, Mr Crisp is highly experienced in the industrial sector.
Fabio Rambelli, Deal Executive at KBS Corporate, advised on the deal and said, “I personally believe that EES, its staff and clients will be in excellent hands moving forward and as a result, the business has a great future ahead. I wish the best to all involved.”