KBS Corporate Advise on the Sale of PT Engineers & Precision Somers
Based in Warwickshire PT Engineers is a precision engineering company that specialises in CNC machining. The company was established in 1965 and has maintained some client relationships for over 25 years. Over the years the business has strived for excellence which has seen them earning ISO 9001: 2015 status. Precision Somers Limited is the holding company of PT Engineers.
The shareholders of PT Engineers and Precision Somers Limited instructed KBS Corporate with the sale of both companies, in order to facilitate their retirement plans.
KBS Corporate attracted 95 interested parties and 8 offers were received. The opportunity attracted a wide range of interest from trade and private investment.
The successful buyer, TGM Partners Ltd, a firm specialising in the acquisition, transition and growth of owner-managed businesses, particularly in the engineering and manufacturing sectors. This transaction constitutes TGM’s sixth acquisition in the last 2.5 years.
The deal was overseen by Matthew Sibley, Corporate Deal Executive at KBS Corporate.