A highly successful business with strong long-term growth potential, Suffolk-based Apex Belting provide the design, production and installation of conveyor and drive belts. The company’s clients were predominantly drawn from the conveyor and elevator industries.
Having founded Apex Belting in 1982, longtime owner, Bryn Leaker, was ready to retire after dedicating many years of service to his business. Despite a relatively small annual turnover, the company’s strong market position and extensive client base made it an attractive target for acquisition. Mr Leaker engaged Avondale to secure a sale price that truly reflected the firm’s long-term value.
Avondale’s team set about positioning Apex Belting for sale, conducting intensive market research to create a competitive market place of prospective buyers. This process generated significant interest in the company, which led to several opening offers being placed that met Mr Leaker’s initial expectations.
Avondale led careful screening of the interested parties and arranged series of face-to-face meetings with the key stakeholders. This led to a suitable purchaser being selected, and the deal was successfully completed within seven months. Having secured a sale price for Apex Belting with the capital return he sought, Mr Leaker was able to begin his retirement from a position of financial security.
“I am absolutely delighted with how Avondale handled the entire sale transaction. The service I received was extremely effective and highly professional throughout. I have already recommended Avondale to several of my contacts and would not hesitate to do so in the future.”
Bryn Leaker, Director, Apex Belting