KBS Corporate Oversees Sale of BIL Group
BIL Group specialises in the design, manufacture, and distribution of high-quality castors, wheels, product handling equipment plus other complementary products, offering a broad spectrum of services.
BIL Group attracted 39 interested parties, the final offer came from PHD Industrial Holdings Limited. The acquisition is the first for PHD Industrial Holdings Limited since a company restructure which has enabled greater flexibility for investors.
Tim Murrow, who will now become the BIL Group’s Managing Director, commented: “This is a pivotal point in the BIL Group’s journey which has spanned over 50 years and is testament to the incredible work that the team have put into building such a fantastic company. We are confident that as part of the PHD Industrial Holdings group, we will deliver on our ambitious strategic plans, along with growth of the business.”
The PHD team was led by Philip Price, Craig Richardson, and Andy Dodd. Craig Richardson, Director, commented: “The BIL Group team have done a great job in building a solid manufacturing business with quality products and catering to an expanding market. The business is a perfect match for PHD, which targets profitable SMEs with repeat products and services in established business to business industry sectors, and we see lots of opportunities to add value. We look forward to supporting the team as the business embarks on the next stage of its growth.”
Jay Singh, Corporate Finance Director at KBS Corporate, advised BIL Group.