KBS Corporate Advises on Sale of MK Scales Limited
MK Scales Limited has been acquired by S J Electronics Ltd in a deal completed by KBS Corporate.
For over 30 years, MK Scales has been trading in the weighing machine industry, providing a wide range of scales including counting scales, crane scales and laboratory balances.
After a significant period operating in the sector, the shareholders of MK Scales were motivated to exit the business to pursue other business interests, and subsequently entrusted KBS Corporate with the task of sourcing a suitable buyer.
In order to fulfil the shareholder’s objectives, KBS Corporate conducted a thorough research process targeting a range of buyer types. Around 15 parties expressed an interest in the company, predominantly of a trade nature as opposed to private equity, with 3 formal offers received.
Established for a similar length of time as MK Scales, the eventual acquirer, S J Electronics, is a specialist technical provider of electronic and electrical test and measurement equipment, in addition to electrical, temperature and pressure calibration systems.
S J Electronics’ motivations to acquire MK Scales centred around its strategy to diversify its service offering and further grow as a result.
Associate Corporate Director at KBS Corporate, Tom Eatough advised on the deal and said, “I am really pleased that we managed to reach a successful conclusion on this transaction. The marketing and research process provided a number of different options for the seller, but ultimately S J Electronics were the most suited acquirer.
“MK Scales has a fantastic reputation in the scales sector, so I am sure the acquisition will be a great success. I would like to wish Mark and the buyers all the best for the future.”