KBS Corporate Advised on the Sale of Moss Switchgear Services Limited
Hampshire based Moss Switchgear Services Limited provides the provision, installation and maintenance of low-voltage switchgear and electrical distribution equipment. The company was established in 1996 and over the years has developed strong client relationships.
It became clear during initial discussions with KBS Corporate that further growth of the business, customer safeguarding and a smooth transition period was important to the sole shareholder Michael Penrose.
Moss Switchgear Services attracted a wide range of interest. The successful offer came from UK trade buyer Otter Controls. The company proved an excellent fit as Otter Controls is a highly respected name who will be able to take Moss Switchgear Services forward and offer additional value and services to current customers. Otter Controls is based in Derbyshire with representatives across the globe including Europe, Japan, India and America. Otter Controls intends to strengthen Moss Switchgear Services’ exposure in the switchgear market, supported by a well known and respected brand.
Leo Freschini, Corporate Deal Executive at KBS Corporate, advised Moss Switchgear Services throughout the process and commented on the deal: “I’m very happy with the way all parties conducted themselves throughout the process and I believe the transaction puts both companies in a great position to develop in the future.”
Post-sale, Otter Controls intends to maintain and grow the business as the UK moves out of Covid restrictions.