NORTH WEST HARDWARE WHOLESALER FINDS NEW HOME WITH YORKSHIRE-BASED SUPPLIER

Adam Nelson, KBS Corporate Deal Executive, has advised on the sale of a leading hardware products wholesaler operating across the North West.

Founded in the early 1990s, the Greater Manchester-based supplier’s products include ironmongery, fixings, fasteners and housewares.

The founders of the business instructed KBS on the sale as part of their retirement plans while ensuring the existing workforce and family members would be retained.

Adam quickly recognised the scope of the opportunity, identifying a number of factors which would generate interest from potential buyers.

“I saw great value in the company’s customer-led approach,” said Adam. “The business has created a strong brand and received several accreditations to place themselves ahead of competitors.

“We wanted to find a buyer looking to acquire a majority shareholding in the business while allowing the current directors to gradually step away.”

The successful acquirer is a quality tooling wholesaler based in Yorkshire, providing a foundation for national expansion.

Adam advised: “This sale gives the buyer an opportunity to not only extend their geographical reach, but to enhance their investment portfolio as part of a long-term growth strategy.”

The seller commented on the transaction: “The whole process has been managed very well by KBS, and especially Adam. Regular communication between both parties, as well as the legal and financial teams, has contributed to making this a stress-free process.”

Adam added: “I am satisfied with the outcome as we have achieved a sale that enables the vendor to move towards retirement.

“The eventual acquirer and the seller had a prior professional relationship which made the process move along efficiently. I wish them all the best moving forward.”