Fri, 17 Jan 2014 | MBO/MBI
Paper filing products supplier Railex Ltd and metal storage maker Railex Storage Ltd have been purchased in a management buy in arrangement.
Serial investor Andrew Ferguson and businessman Raymond Crane bought 100 per cent of the shares of Railex Limited for an undisclosed sum shortly before Christmas. The transaction was funded using asset-backed lending and factoring facilities. The buyers were represented by Robin Gill of Storrar Cowdry.
The deal was led by Bolton-based KBS Corporate, and will mark the first time Railex has broken ties with the founding Wilson family in its 105-year history.
The shareholders are to exit the company immediately it is believed, and will receive rental income from the Southport property.
Founded by Frank Wilson and his wife under the name of WH Hilton in 1908, the group now commands annual revenues of £3.5 million, operating across two sites.
Railex Filing is in Southport, Merseyside, and makes office and large format files, wallets and folders. Railex Storage is located in Essex and makes a variety of filing cabinets, mobile storage and bespoke storage solutions.
Guy Haynes, Senior Deal Executive at KBS Corporate led the deal and received plenty of interest in both aspects of the business sale. He commented: “It became clear that ultimately, the best solution for our clients came from the eventual buyers, who held an interest in the whole group rather than just one of the subsidiaries.”
___________________________________________________________________________
Related information:
Businesses for sale
Business Finance
A concept which led to revolutionizing the restaurant industry, offering an efficient and profitable approach to food production and targeted marketing.
Their versatile offerings include custom rafted joinery products such as elegant doorsets, stylish TV and media units, functional desks, ingenious shelving and storage solutions, luxurious bed surrounds, stunning timber staircases, sophisticated engi...
As a specialist in Italian Motorcycle Parts and Accessories supplies, the business has developed expertise in sourcing and offering a comprehensive range of high-quality products.
17
|
May
|
Focus Group continues acquisitive growth with telecoms deal | BUSINESS SALE
Business communications provider Focus Group has continued i...
17
|
May
|
Foresight-backed lab services group acquires sample storage specialist | BUSINESS SALE
Biofortuna, a laboratory services group backed by SME invest...
17
|
May
|
Brown & Brown acquires two insurance brokers | BUSINESS SALE
Brown & Brown (Europe) has continued its acquisitive activit...
25
|
Jan
|
Facilities management firm Servest buys pest control firm | BUSINESS SALE
UK facilities management firm Servest has acquired Scottish ...
12
|
Jan
|
Travel provider to golf stars snapped up | BUSINESS SALE
A provider of travel services to a raft of professional golf...
16
|
May
|
Butchers' blocks maker sold to plastics engineers | BUSINESS SALE
Butchers’ blocks maker S.J.H. Row and Sons Ltd has bee...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.