Sale of another Manufacturing Business Agreed! We are very pleased to announce the share sale of another one of our manufacturing businesses for sale. This is a niche business marketed by Stirling who dealt with over 60 potential purchasers, with a deal being concluded with a trade related buyer, with similar synergy.

The deal was based on a multiple of maintainable EBITDA with almost 70% of the consideration payable on legal completion, with the balance paid over two years, plus a service agreement for the current owners for a minimum period of twelve months.

The deal will be subject to the usual due diligence work and warranties for this type of business and is expected to complete before the end of this year.

Stirling recently sold a manufacturing group of four companies, quickly followed by a deal agreement for a specialist engineering business, despite the restrictions being in place for Covid-19.

Should you be interested in selling a business, please call us on 0121-314 5575 or complete the form below: