Flight case manufacturer acquired by competitor to create powerhouse

A competitor has acquired a Leicestershire-based flight case manufacturer, as the current owner prepares for retirement.

Absolute Casing has acquired Nomad Cases in a deal negotiated and led by Northampton’s corporate finance specialist Watersheds.

Absolute Casing, now in its 25th year, supplies protective flight cases to various sectors, including Formula 1, Premier League football, the Olympics, medical, television production, and the oil and gas industry.

Nomad Cases, a well-known name in the industry, employs 29 people at its Market Harborough premises.

The merger will combine the firm’s strengths, creating a powerhouse in the flight case market and expanding both the firm’s service offerings and innovation.

Managing director of Absolute Castings, Ed Franklin, said: “There is a lot of synergy between Absolute Casing and Nomad Cases in terms of what we do and who we supply and so when Nomad’s owner was considering retirement, we were keen to explore the opportunity. We had worked together before on certain projects and I knew Absolute Casing would be a good home for its customers and staff.

“The team at Watersheds provided us with invaluable advice and support through the whole process, enabling us to continue focusing on the day-to-day running of the business. The team was available at times that suited the business best, inside and outside of normal business hours, so I was confident that everything was being looked after properly throughout.”

Jessica Painter, partner at Watersheds, said: “A strategic acquisition like this can be an excellent growth plan for a business. As advisors who work across both acquisitions and disposals we can provide a balanced perspective and anticipate what either side is going to want in order to achieve a smooth deal.

“The current funding landscape for small businesses is challenging at the moment and it can be difficult for business owners to navigate as well as find the best deals. That’s where a specialist corporate finance advisor is especially valuable so you know the best routes and options available for your situation and business plans.”

Thrings and Marriott Harrison provided legal advice on the transaction, with funding provided by HSBC Commercial Banking.