Sale of Logistics Monitoring & Security Systems Manufacturer
Hornblower has successfully executed the sale of a distance monitoring and security seal device manufacturer and distributor based in the UK. Since its inception the company has developed into a profitable niche specialist in the design, development, and commercialisation of a range of bespoke high margin mechanical, electrical and electronic devices, principally for operational monitoring and load security for the transport and logistics industry as an original equipment manufacturer.
The company enjoys a thriving customer base across the UK and internationally, consisting of prominent retail chains, logistics companies, trailer builders and suppliers to the transport and logistics sectors.
The company was sold to a private investor and serial business buyer; indeed one that understands the need for a simple deal with a clean exit route for the outgoing business owner. In acquiring the company, the buyer seeks to hold on to the business for the long term, investing in steady but strong growth each year.
The result is a deal which enables the owner to retire from the business easily, security and new opportunities for the business and its staff, and a sound investment for the buyer. As brokers to this deal we are very please to have enabled such a good outcome all round.
The business had previously been with another broker without results. Hornblower sold the company within 4 months of approaching the market.
The client was recommended to Hornblower by, Crawfurd Walker, Chief Revenue Officer of business growth and exit planning specialists, Elephants Child, who commented “Derick did a great job”.
The deal completed in November 2023, and was managed by our Business Sales & Acquisitions Consultant, Derick Humphrey. Derick manages business sales for Hornblower from our London office.
SOLD – November 2023
