KBS Corporate Advise on Sale of Reliable Removals & Storage Limited
KBS Corporate has advised upon the successful acquisition of Reliable Removals & Storage Limited, a removal and storage services provider based in Gillingham, Kent.
Established in 1993, Reliable Removals has maintained a status as a family run firm for over 25 years. The firm utilises a fleet of company-owned, bespoke vehicles to carry out removals, fragile packing, unpacking, storage, dismantling, reassembling, exporting, delivery and commercial services. As a long-standing member of the National Guild of Removers and Storers, an industry leading trade body dedicated to assisting and promoting member businesses, Reliable Removals is highly regarded in its sector.
With plans of relocating to Australia in order to eventually retire, the shareholders of Reliable Removals appointed KBS Corporate in order to assist with the sale of their shares and realisation of their exit strategy.
After a robust research strategy was conducted, which saw a number of prospective buyers within the removals and storage trade presented with the opportunity, KBS Corporate settled a deal with the shareholders’ chosen acquirer, REL Capital Limited.
REL Capital is a London-based firm that acquires and invests in established UK SMEs across a number of sectors. Led by leisure property entrepreneur, Andy Scott, REL Capital is highly acquisitive, and having purchased three UK SMEs in the last six months alone, the firm is always on the lookout for UK businesses with strong growth potential.
REL Capital expressed its excitement to purchase Reliable Removals and other transport companies in the coming months, which will enable the company to develop a group of transport and bolt-on companies in multiple locations throughout the UK.
Dan Large, exiting shareholder of Reliable Removals, commented on his experience of KBS Corporate, “From first point of contact through to conclusion, KBS Corporate was friendly, professional, approachable and always available to assist with any queries or questions. I would not hesitate to recommend KBS Corporate to anyone thinking of selling their business.”
Sara Thomasson, Deal Executive at KBS Corporate, advised on the deal through to completion and commented, “The acquisition of Reliable Removals by REL Capital was hugely successful. With REL Capital looking to expand into the transport and removals industry, and our clients at Reliable Removals looking to exit swiftly, all objectives were fulfilled. I wish our clients all the best in their move to Australia, and REL Capital in their future business endeavours.”