James Cowper Corporate Finance has completed the £3m sale of precision engineering company, James White & Son.
The Reading-based company provides specialist sheet metalwork and precision engineering to niche sectors including the medical, aerospace and defence industries.
MBI’s Ian Tubbs and Chris Steel led the sale and are reportedly determined to foster the growth of the business. Debt funding was provided by HSBC Bank.
James White & Son’s directors chose James Cowper’s corporate finance team to find a suitable buyer who would continue the company’s expansion.
James Cowper corporate finance partner David Fawcus said: ‘We were able to achieve a result, which achieved the aspirations of both parties. It was particularly satisfying to do this against the backdrop of a fast moving and consolidating market, but one in which discerning purchasers are keen to ensure that acquisition targets are a strong fit.’
James White & Son chairman Clive Alderson added: ‘We were delighted by the energy and expertise of the James Cowper corporate finance team, who worked hard to identify the optimum purchaser for our company and assist us through the negotiations to a successful completion.’