KBS Corporate Completes Sale of MCE Engineering
MCE Engineering is an innovative engineering company that boasts a comprehensive range of design and manufacturing capabilities. The company was established in 1996 and over the years has established itself as a market leader, developing an enviable blue-chip client base.
Kevin McClean and Pete Murray, the shareholders of MCE Engineering, approached KBS Corporate with the sale of their business to realise their exit and retirement plans, whilst maximising value.
During initial discussions, it became apparent that continued company growth and staff retention was highly important to the shareholders. This shaped KBS Corporate’s research approach towards UK based private equity, investment, and synergistic buyers. This proved exceptionally successful, attracting 148 interested parties in total, the vast majority of these from UK trade.
KBS Corporate was able to utilise these high levels of interest to produce multiple offers. The final offer came from Mersey Industries, which is seeking ambitious growth, with the deal offering perfect synergy for further growth of the Group.
Director of Mersey Industries, Jeremy Rowson commented: “We’ve been on the lookout for a high-quality and well-run precision engineering company to enhance and extend our capabilities and MCE Engineering ticked all the right boxes for us.
“We are delighted to welcome the MCE team into the group and look forward to working with them.”
Nathan Leah, Associate Director at KBS Corporate, commented: “I am very pleased to have worked with the shareholders of MCE Engineering and to have facilitated the successful transaction with Mersey Industries. An excellent relationship was formed, and Mersey Industries showed intent and commitment from day one. I am very confident that the transaction will be an outstanding success for all parties.”