COMPLETED BUSINESS SALE
Dean Engineering Limited
ACQUIRE successfully brokered the Sale of Gloucestershire based Dean Engineering Limited, a profitable precision engineering and toolmaking company.
- Reference: 1410
- Location: Gloucestershire
- Turnover: c. £530,000
- Sale Price: Sale Price Undisclosed
- Completion Date: 12/05/2017
- Reason For Sale: Retirement
Re. Completed Sale of Dean Engineering Limited
I write to reference the service provided by Acquire Business Sales Limited in the Sale of our Company which successfully completed on 12th May 2017.
Prior to contacting Acquire and engaging the service, we met with several other agents that handle company sales.
We appointed Acquire because of your clear commitment to protecting the confidentiality of our business sale, your professional approach to identifying strategic buyers, and your obvious nationwide profile.
Despite being more expensive than the other agents we spoke to, we also recognised that Acquire offer significant expertise in the sale of businesses with specialist activities, and were a particularly good fit to handle our company sale in the UK engineering and manufacturing sector.
We were impressed with the quality of the sales documents you prepared on our Business and the regularity with which you updated us on sale progress.
You introduced many qualified potential buyers to our Business who signed the NDA including the eventual purchaser, a complimentary group of engineering companies.
We are delighted with the outcome and have no hesitation in recommending Acquire to other business owners looking to sell.
Thank you once again for all your help,
Andrew Sterry | Director | Dean Engineering Limited
Dean Engineering Limited is a well-established engineering company with a diverse capability covering cad design, conventional and CNC milling and turning, welding & fabrication, grinding, jig boring, EDM activities and 3D modelling.
Accredited to BSI ISO 9001:2008 standard, the Company provides single operation tools through to fully managed projects and is well placed to serve the needs of the markets in which it operates.
Acquire Business Sales brokered the Sale to East Kirkby Engineering Ltd, a strategic acquirer that has made acquisitions within the UK engineering sector previously.
Acquire were instructed by Dean Engineering's MD and majority shareholder (Andrew Sterry) following a series of initial telephone conversations to introduce our confidential strategies and a meeting to appraise the Company profile and market saleability.
The selling strategy included the production of a high quality sales document followed by the strategic identification and confidential targeting of trade acquirers from the UK engineering sector, which resulted in over 60 expressions of interest being received, and 20 signed NDAs / Confidentiality Agreements returned.
Acquire received multiple offers from prospective acquirers, and managed the sale negotiations to a successful conclusion with EKE Ltd within a swift and concise timescale.
"Despite being more expensive than the other agents we spoke to, we recognised that Acquire offer significant expertise in the sale of businesses with specialist activities, and were a particularly good fit to handle our company sale in the UK engineering and manufacturing sector"
Andrew Sterry | Ex-MD and Shareholder | Dean Engineering Ltd
The sale of Dean Engineering Limited represents another success story for Acquire Business Sales Limited and delivers another exceptional case study highlighting our selling expertise on Engineering and Manufacturing Deals in the UK M&A sector.
The Acquire team would like to thank Andrew Sterry and the other 'ex' shareholders of Dean Engineering Limited for the opportunity of being able to represent them in the identification of suitable acquirers and in deal negotiations with the eventual acquirer.
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