Sale of Waterchem Ltd

Compliance Sector Sale

Sale of Waterchem Ltd

Another Successful Transaction for Pace Equity

When the shareholders of Waterchem Ltd, a specialist water treatment and water hygiene compliance business, were approached by a potential acquirer, Pace Equity was retained to advise them on the process of selling their business.

As the initial approach did not proceed, the Directors decided to explore their options and Pace conducted an accelerated and focussed marketing exercise. Immediately there was significant interest which generated a number of interesting offers and options for the Vendors.

The shareholders selected Green Compliance Plc as the preferred bidder based on a number of factors in addition to the level of the offer. Just prior to making its offer, Green had raised funding to undertake a buy and build programme within the blue collar compliance sector. The acquisition of Waterchem would be the first acquisition with finance available to make further acquisitions.

We established a tight timetable for completion of the deal before the end of the current tax year and ensured that the process took six weeks from signing of heads of terms to completion.

John Dobson, the Managing Director of Waterchem, said “We decided to use Pace based on our previous experience working with them on other sale and acquisition transactions. Pace quickly understood the key elements of our business and our market and attracted interest from appropriate parties. Pace provided expert advice throughout the process, demonstrating a first class knowledge of the pitfalls and the process of selling a company. Due to their input we achieved a very good deal and completed the transaction within our target timescale without too much disruption.”

For further information, please contact at Pace Equity.


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