Rockworth has advised on the sale of H. Squared Electronics to Newbury Investments UK Limited. Newbury Investments, through its subsidiaries, is a business to business national distributor mainly of electrical products through some 98 trading locations across the UK.
H. Squared is the leading specialist distributor of batteries, battery packs and torches to industrial, commercial and public sector end users and resellers. The company supplies both standard consumer and specialist industrial batteries.
Rockworth acted as Lead Advisor to the shareholders of H. Squared, Richard Marriott, Gerwyn Hughes and Tim Champion. Tim will remain as Managing Director of the business.
“Rockworth was the ideal guide and partner in our search for a buyer for our company. Their process, insight and people skills were the perfect antidote for our inexperience and were a major factor in achieving the smooth path to our desired outcome.
From the start their approach suited our needs as a privately owned company with limited resources to run the business and undertake a transaction. Particular features of their work included: the confidential, targeted development of contacts to generate a shortlist of worthwhile interested parties; the professional way they managed all phases of the process; their support for the development of presentation materials and answers to due diligence questions; and their communication and negotiation skills.
They were invaluable in helping us understand what was needed and what we might reasonably expect. I cannot recommend them highly enough.”
Tim Champion, Managing Director, H.Squared Electronics Limited