Devon shutter firm is sold by owner

A firm which specialises in industrial shutters has been sold for an undisclosed amount.

Based in Devon, Zenith Doors supplies, installs and maintains a wide range of automatic doors, including industrial, commercial and domestic products.

The company has over three decades of experience within its market, benefitting from industry-standard accreditations and qualified engineers.

John Grant, director of Zenith Doors, instructed KBS Corporate on the sale as part of his retirement plans.

Charles Needham, KBS Corporate Deal Executive, oversaw the sale to Blount Shutters.

He said: “This was a great acquisition for a trade buyer operating in a similar space. John was ready to be rewarded for developing the company and enjoy a relaxed lifestyle”.

Essex-based Blount Shutters was identified as a suitable acquirer, having specialised in roller and security shutter doors since 1984.

The business has established a portfolio of clients on a national scale and utilises engineers across the country to provide 24-hour maintenance support.

The acquisition of Zenith Doors allows Blount Shutters to diversify its revenue streams and pursue geographical expansion.

John Grant said: “I’m pleased that Blount Shutters will be taking the business forwards and I know they already have plans to expand.

“Charles kept us informed throughout the sale, which was really appreciated. I can now enjoy my long-awaited retirement plans, which will be playing golf and family holidays!”

He added: “We exceeded our initial expectations and streamlined the transaction wherever possible — I’m very satisfied with the deal.”