KBS Corporate Advises on the Acquisition of Kinetek Solutions Limited
Operating since 2013, Kinetek Solutions Limited is a specialist provider of IT infrastructure services, supporting mid-market enterprise resource planning (ERP) implementations. The comprehensive range of services offered by the company has earned it an excellent reputation in its sector and facilitated the establishment of strong relationships with prominent clients.
The shareholders of Kinetek, Robert Chesworth, Caroline Chesworth and Sarah Beattie, approached KBS Corporate with the sale of their business to facilitate further growth under the impetus of new ownership. The opportunity proved highly popular attracting 108 interested parties, with the majority coming from trade and some private equity buyers.
This enabled KBS Corporate to generate six offers, with the ultimate offer coming from UK trade buyer Awareness Software Limited. The acquisition will enable both companies’ further growth and staff retention at Kinetek.
Corporate Deal Executive, Steve Alcock, advised Kinetek throughout.