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Latest Avus News
Jun 1, 2023
Northamptonshire mechanical and electrical design company sold Northamptonshire-based mechanical and electrical design company AVUS Consulting Ltd has been sold to Wintech Group Ltd, with KBS Corporate advising on the deal. AVUS, located in Corby, specialises in the delivery of design solutions, offering a complete service package from feasibility studies through to the production of detailed drawings. The business was founded in 2003, has developed its practical-driven ethos over the course of two decades and is now undertaking projects valued up to £60 million in the commercial, industrial and residential sectors. Martin Fern, Managing Director of AVUS, made the decision to sell the business to facilitate his retirement plans while allowing design engineer Sarah Southgate to absorb his responsibilities. Adam Nelson, KBS Corporate deal executive who oversaw the transaction, said: “My initial impression of AVUS was very positive. It was an attractive opportunity within a growing market and I was eager to present it to the right people.” KBS Corporate document writer Daniel Calderbank worked with Adam during the marketing process to highlight the scope of the opportunity. “AVUS’ expertise and diverse range of services have put it at the forefront of its industry,” said Daniel. “We made sure this was easily recognised across the marketing materials for potential buyers.” Wintech was the successful acquirer and is currently expanding its group to diversify its service portfolio and extend its client reach. With over 40 years of experience, Wintech is recognised as a Centre of Excellence for façade engineering. Adam Nelson added: “This was Wintech’s first acquisition through KBS. I introduced them to our process and we were able to collaborate very well together.” Moving forwards, Adam is confident a deal has been achieved that will benefit both AVUS and Wintech while optimising growth potential. “I am very satisfied with the outcome of the sale,” said Adam. “We achieved a good valuation for AVUS, as well as a suitable target working capital and surplus cash figure for both parties through effective communication. I wish them the very best in the future.” Both Martin Fern and Paul Savidge, Managing Directors of AVUS and Wintech respectively, commended KBS’ approach throughout the transaction and Adam Nelson’s invaluable role during the process. Paul Savidge said: “Martin and I are both really pleased with the outcome and excited to see what we can now make of the future. I think Adam has done a fantastic job in keeping things moving and getting us over the line. Many thanks again to KBS — it’s very much appreciated.” A message from the Editor: Thank you for reading this story on our news site - please take a moment to read this important message: As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them. With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected. As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism. As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content. Just click here to subscribe and in the meantime may I wish you the very best. Share
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