RSM’s M&A and private equity team and law firm EMW have successfully advised on the sale of Marsden Weighing Group to Alcuin Capital Partners, and the management team, led by managing director Richard Black.
Established over 90 years ago, Marsden has grown to become a leading manufacturer of weighing scales with customers spanning across a wide range of industries such as medical, industrial, veterinary and weight loss. Marsden scales are now available in 23 countries around the world.
The transaction enables the remaining family shareholders to retire from the business and provides a strategic partner to support the management team as they continue on their growth trajectory.
Richard Black, managing director of Marsden, said: ‘I’m excited for the future and the opportunity to drive this business through its next stage of growth alongside Alcuin. I would like to thank RSM and EMW for their hard work and professionalism in getting the deal over the line.’
Clodagh Tunney, corporate finance director for RSM, said: ‘It’s been a pleasure working with the Marsden shareholders to help them achieve their exit aspirations and to find a partner to support the continued growth of the business. We wish the shareholders, Alcuin and the management team all the best as they start this new chapter.”
Nick Seaman, partner at Alcuin Capital Partners, commented: ‘Marsden is going through an exciting period of growth having recently launched a unique product to the global medical market. This represents the first of an exciting pipeline of NPD. We are delighted to be supporting the business to take both these new products and their existing product base to the NHS and healthcare organisations globally.’
Gurpreet Sanghera, partner at EMW, commented: ‘A key objective for the retiring family shareholders was that this transition allows Marsden to continue to grow its strong brand reputation within the UK and globally. With Richard continuing to lead the management team, supported by Alcuin as strategic partner they have certainly achieved this. This is an exciting time for Marsden as they embark on the global launch of their market leading product. It was an absolute pleasure to be part of this deal team and we look forward to continuing to work with Marsden on future projects.'