KBS Corporate Advised on the Sale of Inspection Verification Bureau
Inspection Verification Bureau is a reputable provider of independent verification and inspection services, primarily serving clients with global interests in the hydrocarbon and renewable energy industries. The company has experienced significant growth since its inception, with the strength of its reputation, client relationships and accreditations ensuring the sustained success of the business for the foreseeable future.
The shareholders of Inspection Verification Bureau, Chris Bolton, and Matt Chapman approached KBS Corporate with the sale of their business to secure Chris’ retirement plans. It also became clear that the continuation of Inspection Verification Bureau’s international presence was vital.
The company drew interest from UK and overseas trade buyers, attracting 16 interested parties in total. TUV Rheinland UK Limited produced the successful offer, part of the TUV Rheinland Group benefit from a strong presence within Germany. The acquisition will enable TUV Rheinland to strengthen its international reach.
Post completion Matt Chapman will begin his new role as Managing Director of TUV Rheinland UK Limited.
Matthew Sibley, Corporate Deal Executive at KBS Corporate, advised Inspection Verification Bureau throughout and commented: “The acquisition will be highly beneficial for both parties to expand each of their reaches internationally, with IVB gaining a significant foothold in Europe via TUV-R and the buyer gaining presence in the middle east.”