Benchmark International has advised on the transaction between NRG, a supplier of motors and controls for gates and barriers, to Indutrade.
NRG is a specialist supplier of drives, motors and controls for industrial, commercial and residential doors and shutters, also offering a range of gate and barrier automation. Customers are manufacturers and installation contractors of doors, shutters and gates in the UK and Ireland.
Indutrade’s portfolio company, Ellard Ltd, has high synergies with NRG, as it is a specialist manufacturer and distributor of drives and controls for industrial, commercial, and residential doors and shutters. As such, there is a crossover of products/customers leading to opportunities to cross sell.
Post-acquisition, a new management group has been formed from both companies, ensuring Ellard and NRG can fully capitalise on the many opportunities the venture creates.
James Robinson, Transaction Leader on the deal, commented: “It has been a pleasure to work with Paul and Andy over the months and we are delighted that the sale has gone through to the most suitable acquirer and right home for the business. We wish Paul, Andy and the new owners the very best for the future.”
On behalf of everyone at Benchmark International, we would like to wish both parties every success 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.
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkCorporate.com
Europe: Carl Settle at +44 (0)161 359 4400 / Settle@BenchmarkCorporate.com
Africa: Anthony McCardle at +2721 300 2055 / McCardle@BenchmarkCorporate.com
ABOUT BENCHMARK INTERNATIONAL:
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 12 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.