Springboard Advise Partington Engineering on the Cross-Border Sale to Argent Industrial
July, 2020 - England
| Springboard Corporate Finance has advised the shareholders of Partington Engineering on the cross-border sale of the business to Argent Industrial, a company headquartered in South Africa and quoted on the Johannesburg Stock Exchange. This is the fourth deal that Springboard has completed post lockdown. Operating from its production facilities in Gloucestershire, Partington designs and manufactures bespoke hand-operated material handling equipment including trolleys, cages, racks, stands and steps. The company services the home improvement, logistics, e-commerce and cash and carry sectors in the United Kingdom, Europe and Asia. Argent Industrial is a diverse global group of portfolio companies operating in a number of sectors including manufacturing, steel trading, building and property investment within South Africa, UK and USA. The acquisition enables Argent to grow its business by further diversifying its portfolio of companies and to continue expanding internationally into the United Kingdom. Partington Engineering Ltd was advised by David Neate, Partner, and Assistant Director Matthew Guest at Springboard Corporate Finance. THE CLIENT ON SPRINGBOARD "Having developed the business over the past 18 years, I am delighted that Springboard has successfully secured the sale to Argent Industrial. This strategic partnership for the business will enable Partington to continue to develop new products, access new markets and to continue its growth trajectory.” -- Brian Jones, Managing Director, Partington 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 corporates 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 If you would like a confidential meeting with one of our Partners to explore how we can help you develop your business please get in touch. T. +44 845 838 1680 E. [email protected] |
