Springboard Advise on the Sale of Parking Facilities to Hill & Smith Holdings PLC
October, 2019 - England
| Springboard Corporate Finance is pleased to announce that it has advised on the sale of Parking Facilities Limited to Hill & Smith Holdings PLC. Based in Tamworth, Parking Facilities specialises in the design, manufacture and supply of a market-leading range of parking and access control products. The products include cantilever, bi-fold and swing gates, automatic and manual barriers, automatic bollards, rising kerbs, speed ramps and access control products. Parking Facilities offers a bespoke service from design to manufacture, supplying custom-built products. Hill & Smith Holdings PLC is an international group with leading positions in the supply of infrastructure products and galvanising services to global markets. Derek Muir, Group Chief Executive of Hill & Smith Holdings PLC, commented "Parking Facilities has a wide range of high quality products that complement our existing Hostile Vehicle Mitigation and related security product offering, enabling us to provide comprehensive perimeter security solutions to customers in both UK and international markets". Springboard Partner Simon Ward and Assistant Director Jonathan Wright advised Parking Facilities on the sale. Simon commented "Since establishing Parking Facilities in 2000, Anthony Green has built a market-leading player in the parking control sector and has delivered outstanding growth. We are delighted to have helped Anthony identify the right home for the business, which provides an excellent strategic fit as part of a larger PLC and ensures a great platform for its next stage of development." THE CLIENT ON SPRINGBOARD "Having built Parking Facilities into a substantial player, finding the right home for my business was critical. Springboard worked with me to identify that home and on the right terms. The Springboard team delivered the deal with professionalism and drive." - Anthony Green, Managing Director, Parking Facilities Limited ABOUT SPRINGBOARD We are a market leading independent minded corporate advisory firm focused on providing strategic, commercial and financial advice and support to a range of clients. We focus exclusively on the following services: • Acquisitions - supporting corporate and management teams – identifying targets and executing deals • Disposals - Full or partial business sales and exits • Raising finance - working capital or development capital – typically debt or private equity/venture capital • Management / Retained advisory - strategic, commercial and financial support |
