Northamptonshire-based mechanical and electrical design company AVUS Consulting Ltd has been sold to Wintech Group Ltd, with KBS Corporate advising on the deal.
AVUS, located in Corby, specialises in the delivery of design solutions, offering a complete service package from feasibility studies through to the production of detailed drawings.
The business was founded in 2003, has developed its practical-driven ethos over the course of two decades and is now undertaking projects valued up to £60 million in the commercial, industrial and residential sectors.
Martin Fern, Managing Director of AVUS, made the decision to sell the business to facilitate his retirement plans while allowing design engineer Sarah Southgate to absorb his responsibilities.
Adam Nelson, KBS Corporate deal executive who oversaw the transaction, said: “My initial impression of AVUS was very positive. It was an attractive opportunity within a growing market and I was eager to present it to the right people.”
KBS Corporate document writer Daniel Calderbank worked with Adam during the marketing process to highlight the scope of the opportunity.
“AVUS’ expertise and diverse range of services have put it at the forefront of its industry,” said Daniel. “We made sure this was easily recognised across the marketing materials for potential buyers.”
Wintech was the successful acquirer and is currently expanding its group to diversify its service portfolio and extend its client reach.
With over 40 years of experience, Wintech is recognised as a Centre of Excellence for façade engineering.
Adam Nelson added: “This was Wintech’s first acquisition through KBS. I introduced them to our process and we were able to collaborate very well together.”
Moving forwards, Adam is confident a deal has been achieved that will benefit both AVUS and Wintech while optimising growth potential.
“I am very satisfied with the outcome of the sale,” said Adam. “We achieved a good valuation for AVUS, as well as a suitable target working capital and surplus cash figure for both parties through effective communication. I wish them the very best in the future.”
Both Martin Fern and Paul Savidge, Managing Directors of AVUS and Wintech respectively, commended KBS’ approach throughout the transaction and Adam Nelson’s invaluable role during the process.
Paul Savidge said: “Martin and I are both really pleased with the outcome and excited to see what we can now make of the future. I think Adam has done a fantastic job in keeping things moving and getting us over the line. Many thanks again to KBS — it’s very much appreciated.”
