Sale of Quasartronics
The team at Hilton Smythe has overseen the six-figure sale of Quasartronics, a market-leading calibrations and repairs solutions provider, to California-headquartered Micro Precision Calibration.
Quasartronics was founded with the vision of creating a quality-driven calibration laboratory, serving customers at competitive prices. The firm provides calibrations and repair services for electrical, mechanical, gas, pressure and dimensional test equipment, and supplies testing tools from major manufacturers.
Since Kevin and Romaine Webb took over as directors in 2009, Quasartronics has expanded its client base across a variety of sectors, including energy, rail, aerospace, electrical, and manufacturing industries.
In October 2023, with a view to retiring, the Webbs enlisted our services to manage the sale of the business.
California-headquartered Micro Precision Calibration expands its global presence
Global conglomerate Micro Precision Calibration approached us, looking to further expand their footprint in the UK.
With more than 40 operational locations across the Americas, Europe, the Middle East, and Asia, the highly acquisitive firm saw Quasartronics as a strategic addition to its portfolio.
We advised the Webbs on the present value of the business and focused on maximising this value throughout the transaction. This involved detailed financial analysis, a complete marketing and buyer research process, and strategic negotiation by our corporate deal executive Katie Holt.
A deal was completed just eight months later.
A finely calibrated deal by Katie Holt
Deal Executive Katie Holt drew upon her decade of SME dealmaking experience to lead the transaction, managing inquiries, controlling information access with NDAs, and driving competitive bidding. She also secured favourable terms, oversaw due diligence, and provided guidance throughout contract negotiations.
“After much deliberation we chose Hilton Smythe to advise and assist us in the sale of Quasartronics Ltd. Throughout the process everyone we dealt with was professional, friendly and very approachable,” Kevin and Romaine commented.
“At no time did we feel under pressure or undervalued, we always felt that they were working in our and our employees’ best interests.
They added: “Particular mention must go to Katie Holt, our main contact, who even managed to pull our solicitor into line. She was warm and efficient. Over time she became a friend rather than a business acquaintance. We would not hesitate to recommend Hilton Smythe to anyone in a similar position.”
Our aim is to maximise shareholder value by managing the entire transaction lifecycle – from exit planning and sell-side due diligence through to marketing, buyer research, deal structuring and negotiation.
If you’re thinking about exiting your manufacturing venture, contact Hilton Smythe today for a free consultation and discover how we can help you achieve your goals.
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