KBS Corporate completes sale of Automatic Engineers
Leicestershire based Automatic Engineers Limited is a provider of subcontracted machining services. The company was established in 1965 and since then has developed relationships with a multitude of blue-chip clients across a range of sectors.
The shareholder of Automatic Engineers Limited, Steven Evans, approached KBS Corporate with the sale of their business in order to enable them to realise their retirement plans. KBS Corporate implemented a diverse research strategy which resulted in high levels of interests from both trade and investment buyers. The opportunity attracted 31 interested parties and seven offers.
The successful offer came from TGM Partners Limited. The private equity firm invests in multiple sectors specialising in the acquisition, transition and growth of owner-managed businesses.
Fabio Rambelli, KBS Corporate Associate Director, advised Automatic Engineers Limited throughout the process.
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