Springboard Corporate Finance is delighted to announce that it has advised leading European supplier of supply chain management services, Heads & All Threads Limited, on its cross-border sale to NASDAQ listed ParkOhio Holdings Corp.
About the deal
Founded in 1986, with operations in the UK, Czech Republic, Poland and India, Heads & All Threads specialises in developing vendor-managed inventory programs for fasteners, machined parts and other class C components to multiple end markets, including construction and automotive.
ParkOhio, headquartered in Cleveland, Ohio, is a diversified international conglomerate, providing multinational customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. ParkOhio operates 63 manufacturing sites and 65 supply chain logistics facilities worldwide.
Partner David Neate and manager Matthew Guest advised on the cross border deal. David commented “We are delighted to have been able to support the shareholders on the sale of Heads & All Threads to ParkOhio. Under the stewardship of Stuart Whitehouse and Steve Ward, the business has developed a strong international footprint and this sale will facilitate its continued expansion. The sale to ParkOhio underlines the attractiveness of UK assets to global acquirers, despite Brexit fears. We believe this trend will continue”.
How we made a difference
- Managed sales process of a complex multi national business which operated as an informal Group;
- Project managed due diligence and legal processes to enable completion to a tight timetable; and
- Successfully negotiated the completion mechanism so as to maximise proceeds for the Seller
Stuart Whitehouse, Managing Director - Heads & Allthreads
Selling your business is not something many entrepreneurs do regularly and it is a complex exercise with the real possibility of losing hard earned value at every stage. I could not advise more strongly the need to get professional advice and would recommend Springboard. They gave me sound advice using simple to understand language and was crucial in achieving full value for our business.