Springboard Corporate Finance Advised the Shareholders of Powell Gee & Co Limited on the Sale of the Company to Tibbetts Group Ltd

April, 2019 - England

Springboard Corporate Finance is delighted to announce that it has advised the shareholders of Powell Gee & Co Limited ('Powell Gee') on the sale of the company to Tibbetts Group Ltd ('Tibbetts')

Since being founded in 1949 by Harold Powell, Powell Gee has been in family ownership, a legacy that will continue under the stewardship of family owned Tibbetts. Powell Gee is an independent manufacturer and distributor of fasteners into the UK construction sector, predominantly serving roofing and cladding contractors. Operating from a distribution hub in Atcham, Shropshire and a manufacturing facility in Wednesbury in the West Midlands, Powell Gee supplies high specification technical products such as self-drilling screws, rivets, bolts and gutter brackets.

Mike Mackey, Sales Director of Powell Gee, commented "At Powell Gee we have grown a business based on high quality specialist products, stock availability and technical knowledge and advice. We look forward to continuing our work with our valued customers and suppliers and with our new colleagues at Tibbetts, where we see great synergy for our products and services."

The shareholders of Powell Gee were advised on the sale by Springboard Corporate Finance, with the transaction being led by Partner Ben Bolt and Manager Jonathan Wright. Ben Bolt commented "We are thrilled to have assisted the shareholders of Powell Gee to find an excellent new strategic home for their business. The cultural fit with Tibbetts Group is strong, providing an excellent platform for growth. We wish all parties the best for the future."

THE CLIENT ON SPRINGBOARD
"Springboard were by our side from start to finish, providing advice and support and guiding us through the complex sale and completion process. They adopted a collaborative style and were extremely responsive to both us and the buyer, ensuring the process remained on track and completed in a timely manner." Mike Mackey, Sales Director - Powell Gee


ABOUT SPRINGBOARD
We are a market leading 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






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