Building services firm sold as founder retires
Northamptonshire-based mechanical and electrical design company AVUS Consulting has been sold to Wintech Group of Wolverhampton.
AVUS, located in Corby, specialises in the delivery of design solutions, offering everything from feasibility studies through to the production of detailed drawings.
The business was founded in 2003 and is now working on projects valued up to £60m in the commercial, industrial and residential sectors.
Martin Fern, managing director of AVUS, made the decision to sell the business to retire, allowing design engineer Sarah Southgate to take on his role.
KBS Corporate advised on the deal.
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 Nelson during the marketing process.
“AVUS’s expertise and diverse range of services have put it at the forefront of its industry,” he saod. “We made sure this was easily recognised across the marketing materials for potential buyers.”
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.
“I am very satisfied with the outcome of the sale. 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’s approach throughout the transaction and Nelson’s role during the process.
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.”