Nottingham corporate finance firm reveals role in £31m industrials deal

Provantage Corporate Finance, the Nottingham-based advisory boutique, has advised on the £31m sale Bradford-based Alpha Instrumatics, a market leader in the design and manufacture of devices for high-precision measurement of moisture found in gases, to Halma, a global group of technology companies.

Alpha Instrumatics’ advanced trace moisture analysis claims to bring forward safer industrial operations, more efficient hydrocarbon transfer, and more accurate detection of pollutants. The group’s devices are used in the industrial gas and aerospace markets.

Hami Patel of Alpha Instrumatics said: “We are thrilled to become a part of Halma, and we extend our gratitude to the Provantage team for their dedication and efforts throughout this acquisition process; their expertise and hard work were instrumental in making this acquisition a reality. Alpha Instrumatics has an ambitious growth strategy and the investment from Halma will help accelerate growth by providing broader market reach through their adjacent end markets.”

The deal was led by Amanda Betts and Lorna Marshall, supported by David Browne, of Provantage Corporate Finance who advised the shareholders of Alpha Instrumatics.

Betts said: “It’s been a pleasure to work alongside the shareholders’ of Alpha Instrumatics on this important transaction. Halma Plc is a fitting home for what is a truly exciting business, and we look forward to seeing the continued success that Alpha Instrumatics and Halma Plc will experience in the future through bringing these companies together.”