Benchmark International is delighted to announce the partial sale of Cheshire-based precision engineers I.C.P.M.S. Cones to an entity ultimately owned by the shareholders of Michigan-based company, Alpha Resources LLC.
Incorporated in 2002 following an MBO by owners Dean White and Gareth Evans, I.C.P.M.S. Cones is a precision engineering company specialising in the design and manufacture of electroformed metal cones for use in mass-spectrometry scientific instruments. Alpha Resources is a manufacturer and distributor of analysis consumables, offering equipment for elemental analysis in multiple industries.
With RAC’s niche technical production process and strong relationships with a number of blue-chip clients, the acquisition provides Alpha Resources the opportunity to build on I.C.P.M.S.’s market stature, as well as offer complementary products to its current range. Both Dean and Gareth will remain with the company as Directors and shareholders to ensure the continued success of the combined entities.
Jonathon Parkinson, Director at Benchmark International, commented: “This was an excellent deal for all parties involved. Obviously, the current climate meant it was not without its challenges, but all parties saw the opportunities and the long-term advantages that the deal provides, whilst also allowing Dean and Gareth to realise some value from the company that they’ve built.”
Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.
WE ARE READY WHEN YOU ARE
Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
Americas: Sam Smoot at +1 813 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 (0) 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.