About the client
Long established private family owned Northwest Steel Fabricator. Key aims were to ensure that the business continued to operate to the same ethos whilst realising the shareholders investment.
About the deal
Working with several members of our international network, Rickitt Mitchell delivered a disposal to a private US Investment fund that saw the existing owners remaining in operational control of the business post-transaction. the new owners also provide access to significant additional funding for future growth. The all cash deal includes an earn out expected to comprise less than 10% of total deal value.
The terms of the deal were not disclosed to respect the privacy of both the vendors and the purchaser.
The deal was led by Brian Higgins and assisted by Alex Wilson. Brian heads up Rickitt Mitchell’s involvement in M&A Worldwide and liaised closely with the other M&A Worldwide members in the global marketing process.