RSM’s M&A and private equity team has advised on the sale of Pro-Vision Distribution Limited to EET Europarts Limited (EET).
Founded in 2005, Pro-Vision Distribution Limited, based in Shrewsbury, is a CCTV, access control and public address equipment distributor to the UK trade installer. Denmark based EET Group has a €300m turnover and is backed by Norwegian private equity FSN and the Danica Pension Fund, which have completed 40 acquisitions over the last 18 years.
What RSM did
This acquisition brings a very strong sales and support team to EET, giving customers specialist knowledge and support to provide the correct solution for their needs. It will also strengthen the product offering and sales expertise to existing EET customers. RSM led the transaction on behalf of the vendors running a controlled process and negotiating all aspects of the deal terms.
Coping with the demands of a sale when you are still running the business is difficult, but the RSM corporate finance team made it possible. Their knowledge of the process, attention to detail, support and professionalism was absolutely essential to the successful sale of Pro-Vision.
Peter Ford, Director
Pro-Vision Distribution Limited
The transaction team
James Wild - Partner, +44 (0)161 830 4000
Christian Hitchen - Manager, +44 (0)161 830 4000