Rubicon Partners snaps up manufacturing giants as its 74th acquisition deal

Wed, 10 Jul 2019 | BUSINESS SALE



Park Sheet Metal Company (PSM) has been taken over by investment giant Rubicon Partners in its 74th acquisition deal in more than 25 years of experience and operations.

The manufacturing firm, headquartered in Coventry with roughly 250 members of staff across its five sites, and one that provides services to clients like Aston Martin, Bentley, and Jaguar Land Rover, was best known for its development of components used in prototype and production assemblies.

EY’s Birmingham corporate finance team advised PSM on the deal and sale to London-based Rubicon Partners.

PSM’s most recent accounts on Companies House revealed a turnover of £12.2 million in the year ending 31 January 2018, and a pre-tax profit of £781,000.

Mark Barge, previously the managing director of Rubicon Partners’ performance products division of Ricardo, has been appointed as PSM’s new chief executive.

The previous owner of PSM, and current managing director, Stephen Payne, said: “Rubicon Partners are committed to further developing and investing in PSM, having already signed off on additional plant, equipment and facilities to support planned growth. I would like to thank the EY team for all their support and advice.”

Anthony Edwards from EY’s Midlands Mergers & Acquisitions division, added: “PSM has a rich heritage of partnering with some of the UK’s leading automotive manufacturers.

“EY have worked hard to find the right buyer for the business and in Rubicon Partners have found an investor with extensive experience and a strong commitment to develop and invest in the future.”

For more news stories about acquisitions, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Forklift Truck Manufacturer
South East, UK

The company provides a range of forklift truck solutions including sales, repairs, servicing, manufacturing and hire. Designs and manufactures its own branded forklifts with an extensive product range including reach trucks, order pickers and tow tra...

Asking Price: Offers Invited
Turnover: £6,000,000

LEASEHOLD


Brand Leading Outdoor Catering Appliances Manufacturer
North West, UK

Modern, well-positioned UK-based freehold premises to be included in sale. Genuine scope for further growth with development of existing product range and the addition of a sales function. Offers invited.

Asking Price: Offers Invited
Turnover: £563,000

FREEHOLD


Material Handling Solutions
North West, UK

Profitable material handling solution provider. Specialist in the design, manufacture, maintenance and repair of handling systems. This is a retirement sale. Broad capabilities with niche expertise in pallet handling, palletiser solutions, conveyor s...

Asking Price: Offers Invited
Turnover: £2,000,000


View more businesses for sale

News Search

Latest News

 
29
 
May
 

Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

 
28
 
May
 

M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...

 
27
 
May
 

Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources