Acquisition of Support Instrumentation Limited
Support Instrumentation Limited has been acquired by MJ Wilson Group Limited, in a deal advised by KBS Corporate.
Support Instrumentation Limited (SIL) are a multi-disciplined process instrumentation company. Based in Kent, SIL provides a comprehensive single-source instrumentation solution from design, product selection and project management, to automation and process control. It operates across a number of sectors, including chemicals, food and beverage, power generation and aggregates.
The company has established itself within the industry and is associated with innovation, as well as reliability. Having been in operation since 1992, SIL has built a loyal client base.
The shareholders at SIL instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans, as well as ensuring the growth of SIL under the impetus of a new owner.
Following a thorough research strategy, the opportunity attracted significant interest from trade buyers and investment firms.
The ultimate buyer was MJ Wilson Group Limited, who were motivated to acquire the opportunity to consolidate in the market, increase market share, capacity and client base, as well as strengthening its current position in the South East.
This investment was led by Amit Thaper, Investment Director at Cairngorm Capital, who explained, “The acquisition of SIL is highly strategic for M J Wilson, and provides access to key brands within the process and instrumentation industry. We are delighted to partner with Steve Hopkins and continue to invest in technically focused MRO distribution businesses as we scale our national group.”
Rob Beveridge, MJ Wilson’s Managing Director said “We are delighted to partner with such a highly respected company. We have much in common in terms of our heritage and commitment to innovation and outstanding customer service. There is a clear fit between our two businesses, as our services are highly complementary so the merger creates exciting potential. Together, we will be well equipped to pursue new opportunities for growth, to the benefit of our customers, suppliers and employees.”
Steve Hopkins, SIL’s Managing Director added, “This is the perfect partnership for two businesses that share a commitment to innovation and the highest standards of customer service. There are great opportunities across the sector and this new chapter in our journey provides significant strategic benefits for both companies.”
MJ Wilson and Cairngorm Capital were advised on this transaction by Mazars (financial and tax) and Browne Jacobson (legal). SIL shareholders were advised by KBS Corporate (corporate finance) and Gately Plc (legal).
Fabio Rambelli, Associate Director at KBS Corporate, commented, ‘The acquisition is highly complementary for MJ Wilson and ensures Chris Hopkins can exit the business in full knowledge that SIL will be handled with the care and commitment he gave when he ran the company. I wish MJ Wilson and Steve the best of luck in their future endeavours and I’m confident that SIL will go from strength to strength under the guidance of MJ Wilson.’