KBS Corporate Oversees Acquisition of Tann Synchronome
Tann Synchronome provides a complete solution to fire and security requirements. The company designs, supplies and installs security systems, providing commissioning, verification and maintenance, post-installation. Tann Synchronome boasts an enviable client list with many blue-chip clients, the majority of whom provide reliable repeat business.
William Jones, William Heaven and Roger Sensier, the company shareholders, instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans.
Tann Synchronome saw impressive levels of interest with 58 interested parties being identified. Tann Synchronome received five offers from a variety of sources including trade, MBI and investment buyers. The ultimate offer came from CDS who are currently pursuing a growth via acquisition strategy.
CDS Chairman Simon Cashmore commented: “Our buy and build strategy has a three-pronged approach. We aim to broaden our geographical reach, add service capability and expand our services in the compliance sector. Acquiring Tann Synchronome enables us to impact all three of these. It has an established reputation in the sector and gives us access to adjacent services and to new clients across the UK.”
Tann Synchronome Managing Director William Jones commented: “I am very pleased that the company will become part of the wider, dynamic and energetic CDS offering. Our combined clout and expertise should be of massive benefit to so many companies, schools, universities, office complexes and commercial operations.”
Tann Synchronome was advised by Matt Sibley Corporate Deal Executive at KBS Corporate.