Tue, 19 Jul 2011 | BUSINESS SALE
Innovative ventilation and heating unit manufacturer Vent-Axia has been put on the market with a price tag of £200 million.
DC Advisory Partners has been mandated to manage the sale of the business on behalf of Vent-Axia’s owner, private equity group AAC Capital Partners.
Launched 75 years ago – with the invention of the first electrically operated window fan – the company designs and makes bespoke, energy-efficient ventilation and heating products for residential, commercial public sector and industrial clients.
Based in Crawley, West Sussex, the firm sells half a million units each year.
Vent-Axia Group Limited reported sales of £47.13 million for the year ending 31 July 2010, with pre-tax profits of £8.25 million. The turnover has fallen from £57.99 million since 2008.
In early April, it was reported that Vent-Axia had opened a new technology showroom with a BPEC approved training centre at its headquarters in Crawley.
Vent-Axia’s marketing director Lee Nurse commented at the time, “We have created a clean, fresh and professional area for customers and prospective customers to feel at ease and see our extensive Lo-Carbon range of technology solutions for ventilation, heating and cooling applications.”
The company also announced its new range of handling units with heat recovery technology and an A+ energy class rating in April.
The business operates in the UK with an international presence and specialises in providing comprehensive recruitment solutions to customers in the technical sector.
The company has traded for 16 years, based in the Northwest and operating nationally providing temporary staff to large corporate clients.
The company is well-established and operates from a third party owned quarry in Lincolnshire. The business quarries, manufactures and supplies a range of aggregate products, gabion stone and provides associated products and services throughout the Un...
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