We are delighted to have advised Burgess Diagnostics Limited on their sale to Solingen Private Equity.
Burgess Diagnostics, founded in 2003 and based in Preston, is the UK's only dedicated provider of mobile diagnostic imaging services to the veterinary sector. It operates a fleet of MRI and CT scanners which are transported to customer sites and operated by specially trained radiographers.
Providing services across the UK, the business operates in the growing veterinary market and has seen annual sales, profits and margin growth over the last few years.
The two shareholders were keen to explore the different options available to them for realising the value in their business.
Our Corporate Finance team was appointed to advise the shareholders on the sale of their business.
They put time and effort into understanding the business properly and worked closely with management to identify a range of potential buyers, including both trade and private equity.
We introduced the two owners to Solingen Private Equity, who are a relatively new fund, and led the negotiations with them, structuring a transaction which suited all parties.
Grant Thornton set out from the start of the process to deliver the best possible outcome for the shareholders.
We supported them to ensure that their business was presented in the best light, taking time to understand their goals and working hard to deliver a result which optimised value for all parties.
Richard Goldsack led the transaction and said: " We are really pleased to have advised Burgess Diagnostics through this deal to a successful completion. Our wide range of contacts and knowledge of the veterinary sector helped drive the maximum value for the shareholders."
"Grant Thornton did a great job for us. They really took the time to truly understand our business and what each of us wanted from a deal. Their contacts in the market were a big help in finding us the right investor and I'm really looking forward to using that investment to take the business to the next level. I would thoroughly recommend the team at Grant Thornton."Mike Hadfield Managing Director, Burgess Diagnostics Limited