Termate Limited (“Termate”), a manufacturer of safety critical electrical insulation components, has been sold to n Industries Group Limited (“n Industries”) in a deal led and advised by M&A firm Transcend Corporate.
Established over 80 years ago, Termate provides reliable and safety-critical products to both traditional and innovative segments of the electrical energy sector. The company designs and manufactures a diverse range of own-brand electrical components used in various applications, from data centres, battery/energy storage to electrical equipment for numerous end markets. The company has a global market presence supplying busbar supports, standoff insulators, busbar plugs, and complementary ranges of electrical insulation and termination products, all designed to enhance electrical safety and system reliability.
A team at Transcend Corporate, led by Steve Bartlett and Craig Nash, was appointed by Rob Swann the MD and owner of Termate to support the deal. Transcend marketed the business to a targeted audience of potential buyers, managed negotiations and secured the sale to n Industries.
N Industries acquires majority stakes in outstanding small UK industrial companies that supply mission or life critical products or solutions. As the permanent owner of these businesses, n Industries typically works with existing management to develop them into even higher quality, faster growing businesses.
Rob Swann, MD and owner of Termate, said:
“This is a significant milestone for Termate. Since taking on the company from my father, I have worked hard with the management team to build and grow a successful business. Upon deciding to sell, we engaged Transcend Corporate to identify the most suitable buyer and manage the sale process. I am pleased to see Termate become part of the n Industries group, as this partnership will enable Termate to better serve its global customer base and drive innovation. We would like to thank Steve, Craig, and the team at Transcend for their dedication in facilitating this transaction. Their advice, support, and persistent approach ensured the best possible outcome for us.”
Steve Bartlett, Partner at Transcend said:
“We are delighted to have secured this sale of Termate. It has been a pleasure advising Rob and working to bring this deal to a successful conclusion. N Industries are a great partner and continuing custodian for Termate and their model will see the business continue to flourish and grow.”
Jonathan Bates-Kawachi, CEO of n Industries, said:
Today is another exciting day for our group. Termate has an outstanding reputation for excellence in designing and manufacturing electrical insulation components. The safety critical nature of Termate’s broad range of products and the excellent growth opportunities available make Termate an excellent fit within our group. We are excited to work with the excellent team at Termate to build on the impressive legacy and history of the business under the leadership of Rob Swann over the last 18 years.”
Legal advice to Termate was provided by Browne Jacobson in Nottingham (Richard Cox, Lydia Mills).