Springboard are delighted to announce that they have advised on the acquisition of Nottingham firm Gee Tee Signs by the Investment vehicle of Nottingham businessman Chris Skelton in a deal funded with support from Allied Irish Bank.
About the deal
Gee Tee Signs is a leading manufacturer and installer of commercial signage working on behalf of clients such as Next, Five Guys and Pizza Hut. The business employs 50 staff and was itself established in 1983 and now operates from a factory in Bulwell.
Chris Skelton was previously CEO and owner of Derbyshire based OTR Tyres a business he subsequently sold to Kal Tire of Canada. The deal sees Skelton assume the role of Managing Director of Gee Tee while the previous owners Kamal and Tarsem Sharma remain with the business.
Simon Ward and Robert Johnson advised Chris Skelton on the acquisition. Simon commented “We have been working with Chris for some time to find the right acquisition. We are delighted to have completed the acquisition of Gee Tee and look forward to working with Chris to grow the group.”
How we made a difference
- Negotiated a deal structure that met the objectives of buyer, seller and funder;
- Ran a competitive process to secure optimal debt package to support the transaction and long-term success of the business; and
- Project managed the deal through the due diligence and legal processes to a successful conclusion.
Chris Skelton - Tarkwa Investment
The acquisition of Gee Tee was an extremely important deal for my investment vehicle. Springboard worked with me over a number of months to ensure we achieved the right deal with the best funding package. I look forward to working with Springboard as we continue to seek further opportunities