KBS Corporate Advises on Sale of Peel Mount Contract Furnishing Ltd
Manchester based Peel mount Contract Furnishings was successfully acquired by David Phillips Furniture Ltd for an undisclosed sum in a deal that will fuel rapid strategic growth in the area.
Boasting a turnover figure of £4.2 million in 2012, Peel Mount Contract Furnishings has achieved strong year on year growth since its inception in 1979. Specialising in contract furnishing, the business offers a range of products and services including measuring, estimating, manufacturing, purchasing, delivery and installation, to a diverse customer base, with lucrative contracts in place with various universities, colleges, schools, local Authorities and residential establishments.
David Phillips, the acquirer, is a specialist property service company with branches in England and Scotland, providing furniture packages, furniture rental, contract furniture and interior design services to nationwide customer base.
For the foreseeable future, the vendor will remain as an employee of Peel Mount, playing a vital part in the company’s continuing strong performance. There was a great synergistic fit for both companies and the acquisition allows for the opportunity to expand their geographical presence and increase the services range.