The industrial products team at Transcend Corporate, led by Chris Bill, has advised the shareholders of Graham Engineering Ltd (GEL) on the sale of their business to KTIG Limited (KTIG). A share purchase agreement was signed on 21st March 2023, with completion expected in the near future subject to ASX and other regulatory approvals.
GEL has strong foundations in nuclear product development with long term production agreements for major clients in the sector. They have applied their capability to grow into other highly regulated markets requiring high integrity stainless steel (or other exotic metal) fabrications. GEL now provides advanced manufacturing solutions to clients across a broad-spectrum of industries including, nuclear, aerospace, security and medical industries.
K-TIG, is an innovative technology and welding company incorporated in Australia and listed on the Australian Stock Exchange. Their technology is complementary to GEL’s range of advanced manufacturing capabilities. K-TIG CEO Adrian Smith stated: “We are delighted to have secured the acquisition of GEL and look forward to providing our technology in addition to the advanced manufacturing techniques already offered by GEL to the nuclear industry and other demanding sectors.”
Transcend Corporate partner, Chris Bill, commented: “We are delighted to have been able to help the shareholders of GEL. The business is a strategic asset in the nuclear industry and interest in acquiring it was extremely high. In managing the sale process, we were able to identify KTIG as an ideal future home for GEL. As someone who has been personally involved in the global nuclear industry, it is very pleasing for me to help an important business such as GEL find a new strategic home and to accelerate K-TIG’s increasing support of the UK Nuclear Industry.
Tony Eckford, GEL Chairman, said: “We’ve been really pleased with the support and advice provided by Chris and the team at Transcend. They’ve managed the process well with their Partner led approach. Their experience working with owner managed businesses like GEL was evident throughout, while their responsiveness, attention to detail and sound strategic guidance have been crucial to the successful outcome. In addition, Chris’s nuclear industry credentials ensured we were able to identify the right buyer and to work through the sale process smoothly. I would have no hesitation in recommending them to others considering a sale of their business”.