We are delighted to have advised Mobile Windscreens Limited on their sale to Ryds Bilglas AB
Mobile Windscreens Limited (Mobile Windscreens) provides a full range of in-branch and mobile automotive glass repair and replacement services and ADAS recalibration.
Following a decision to retire from the business after more than 40 years, George Douglas, founder and principal shareholder, approached us to help him sell the company.
We ran a full sales process, including an international buyer search which generated a high level of interest.
Ryds Bilglas AB, the leading operator in the Nordic region, was identified as the best strategic purchaser. Their values and culture also aligned with those at Mobile Windscreens.
The sale allows George Douglas to fully exit the business and for the highly regarded existing management team, who will retain an equity stake, to drive the business forward in the next stage of its growth.
We ran a seamless and joined up process including advising on the Company’s defined benefit pension scheme to minimise the impact of this scheme on shareholder value.
We leveraged our deep sector knowledge and international contacts to identify and deliver a transaction with a strategic overseas buyer.
"I would like to say a big thank you to the team at Grant Thornton for smoothly navigating the process. Their sector expertise, international network and extensive deal experience really shone through. They were pragmatic and highly supportive in their approach and really took the time to understand our business. They were always on hand to provide the advice and support needed to drive this deal forward. We’re delighted with the outcome."George Douglas Chairman, Mobile Windscreens Limited