“SMOOTH” SALE OF KJ FASTENERS SECURED BY KBS CORPORATE
Matthew Sibley, KBS Corporate Associate Director, has advised on the sale of KJ Fasteners to a Gateshead-based industrial specialist.
Matthew Sibley, KBS Corporate Associate Director, has advised on the sale of KJ Fasteners to a Gateshead-based industrial specialist – who described the acquisition as “smooth and collaborative”.
Founded in 2006, KJ Fasteners has established itself as a regional leader in the West Midlands for quality structural solutions.
The business’s dedication to providing an exceptional standard of service has led to long-standing client relationships in numerous markets, including power transmission, structural engineering, mining and water supply.
Founders Kevin Jew and Kenneth Mole instructed KBS Corporate on the sale of KJ Fasteners to facilitate their wider retirement plans.
The successful offer for the business came from D.P. Fasteners, part of The Industrial Mandate Ltd group. D.P. Fasteners is an innovative service provider operating in the structural industry that prioritises collaboration and high-frequency communication to deliver best-in-class results.
Matthew Sibley advised: “D.P. Fasteners has a strong foothold in the North East and felt it was the right time to extend its geographical reach.
“KJ Fasteners is a company of similar size and structure that will complement D.P.’s core offering and allow the business to really accelerate its growth trajectory.”
Matt Kenny from The Industrial Mandate Ltd (TIM) commented: “We are delighted to welcome KJ into our group. With a strong heritage in specialist fastener sectors, in particular power transmission and heavy infrastructure, we are confident the business will thrive alongside TIM group subsidiaries D.P. Fasteners and North East Fasteners.
“Our thanks go to KBS for leading a smooth and collaborative process.”
Matthew Sibley added: “Kevin and Kenneth were exceptional to work with throughout the sale and remained committed to securing the right deal for both companies.
“I wish both businesses the best of luck as they grow together over the coming years.”
During the sale, KJ Fasteners was supported by solicitor Anna McGill of Keystone Law.