Mar 25, 2020

 

Lexington Corporate Finance is delighted to announce that it has acted as Lead Corporate Finance Advisor to the Shareholders of Express Metal Services on the completion of its sale to a USA Investment Company (price not disclosed).

Express Metals is a multi-metal stockist based in Swansea, South Wales which works with a number of blue-chip customers. It was founded by Anthony and Donna Blount in 2001 and since that date has grown significantly to be one of the leading players in the sector within the South Wales region. Anthony is pleased to remain with the Company post acquisition and take a role with the enlarged business.

Lexington acted as lead advisor to the shareholder on initiating, negotiating and structuring the negotiations and identified the eventual buyer as the preferred bidder following discussions with several interested parties.

The Lexington team of Thomas Edwards, Pablo Shorney and John Tose advised the Shareholders throughout the sale process.

Thomas Edwards, Director, said: “We have known Anthony and Express Metals for a number of years and were delighted to act for him on the successful sale. There is an excellent strategic fit between the two Companies which should ensure the future success of the combined businesses.”

Anthony Blount said: “We, and all the staff at Express Metals, are extremely pleased and excited with the acquisition deal that Lexington put together. With their help, support and professional advice the process was well structured and went to plan. The acquisition represents a perfect opportunity to grow the business further with the support of the Investors by expanding into more products and markets in a rapid and profitable manner”

Michael Williams of JCP Solicitors provided legal advice to the Vendors, while Clive Atkins of Atkins & Co provided accountancy support.

Anthony Blount, Owner, Express Metals
“We, and all the staff at Express Metals, are extremely pleased and excited with the acquisition deal that Lexington put together. With their help, support and professional advice the process was well structured and went to plan. The acquisition represents a perfect opportunity to grow the business further with the support of the Investors by expanding into more products and markets in a rapid and profitable manner”