Operating in a niche market, the company manufactures jacking equipment for heavy commercial vehicles.
They had already received an unsolicited offer for the business, but although keen to retire, were reluctant to accept the first offer without testing the rest of the market.
Sterling Business Sales generated significant interest in the business, culminating in 2 further offers which were in excess of the initial offer received. The business sale was successfully completed.
The owner of this single site petrol station had taken over the running of the family business some years earlier and was looking to pursue other interests.
There was a huge amount of interest in the business. Sterling Business Sales vetted all enquiries to eliminate time wasters and to ensure that only serious buyers with confirmed levels of funding were put forward.
The business was sold to a local buyer who was able to complete the transaction promptly.
Providing a transport service for passengers with a range of special needs and disabilities, the business predominantly undertakes work for local councils and the NHS. The owners wanted to retire but were concerned that any potential purchaser would be deterred by new legislation regarding licensing vehicles and drivers, and uncertainty around contract renewals.
Sterling Business Sales, however, were able to work with the vendor and the purchaser to maintain a dialogue whilst contracts were negotiated and the new legislation implemented. The vendors have also been happy to remain in the business on a consultancy basis to ensure a smooth handover.
Based in Derbyshire, the company specialises in bending multi-cavity aluminium extrusions and is a market leader in their industry.
Having successfully grown the business over a decade the directors were seeking a retirement sale and sought our specialist advice in order to market the business.
We were able to identify and negotiate on their behalf with both UK and overseas buyers.
The company manufactures a broad range of tube manipulations and pipe assemblies in ferrous, non-ferrous and nylon material, primarily for the automotive industry. They offer a full engineering service from concept to prototype to volume production.
Having successfully assisted the directors with a management buy out of the company some five years earlier, they had no hesitation in retaining Sterling Business Sales to sell the business on their retirement, with the transaction completed in six months.
Established over 30 years the business is an NICEIC approved electrical contractor, carrying out installations, testing and inspection work predominantly for the commercial sector.
The directors wanted to sell the business, however, whilst one of them wanted to retire immediately, the other wanted to continue working for a few more years. This meant that not only did we have to find a buyer that was prepared to make an acceptable offer for the business, but one that the remaining director would be able to work alongside.
Listening to the needs of our client and tailoring our approach to their requirements meant that we were able to find the perfect match for them. The business was sold to a contractor looking to expand into the Nottinghamshire region and keen to retain local expertise.
Use our Online Enquiry Form or Contact Us on 0800 0735353 to arrange an initial visit with one of our consultants.
