Established in 1985, Stokvis is an innovator and knowledge leader in the field of environmentally-friendly and energy-efficient heating solutions in the UK and internationally.
Stokvis’ directors wanted to appoint a professional M&A advisor who could identify a suitable investor to grow the business and drive the project forward to a successful completion. Drawing on their extensive research capabilities, Avondale generated interest from a large number of potential acquirers.
Initial discussions with Rare Rockets Limited (which includes JBC Industrial Services Ltd), the UK’s leading industrial boiler and burner aftercare provider, revealed clear synergies between the two companies in their service and maintenance operations and a potential sale became a possibility.
The transaction saw the transfer of 100% of Stokvis’ shares in a well-structured deal. The acquisition allows Rare Rockets Limited to add a thriving business to its group, enabling both businesses to improve the products and service offerings available to their clients.
“Having selected Avondale for their personal and bespoke service, we were impressed that they were always available to help whenever a question cropped up, no matter what time. They demonstrated an in depth knowledge of the processes involved to guide us to a successful business sale.”
Andrew Dimbleby, FDStokvis Industrial Boilers Ltd