ELECTRICAL SUPPLIES WHOLESALER SELECTS KBS CORPORATE FOR COMPANY SALE
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.”