KBS Corporate Finance Advises on Sale of Vertemax Group Limited
Vertemax Group Limited are a group of companies specialising in work zone safety, providing a range of products and services including barriers and access solutions. The group was formed in 2010 and has developed a global client base with clients based in the UK, Europe and Canada.
The company shareholders, Gary Taylor, Michelle Taylor and John Hardy, approached KBS Corporate Finance with the sale of their business in order to allow them to spend more time with their families. It became clear during early meetings that staff retention and future growth were important considerations for the shareholders.
KBS Corporate Finance implemented a diverse research strategy which resulted in strong overseas and trade investment. The opportunity attracted special interest from Germany and Sweden and generated three competing offers.
The successful offer came from Sweden-based Haki, which designs, develops and supplies safe, fast, and ergonomic temporary access and modular scaffolding solutions. The company has been established for over 60 years and is part of the Midway Holding AB group.
Haki’s CEO, Thomas Schüller, commented: “We have been in contact with Vertemax for a long time and it is very satisfying that we have been able to reach an agreement under the current circumstances.”
Gary Taylor founder and CEO of Vertemax stated: “We look forward to becoming a part of the Midway Holding group of companies. We see this as a strategically important step for us to be able to create more value for our customers. With our consolidated capabilities and resources, we are convinced that we will generate a stronger platform for future growth.”
Joe Norris, Associate Corporate Director for KBS Corporate Finance, advised Vertemax on this transaction.