Ted J. Leverette Advised Kent Business Investors Limited on Purchase of Pegasus Precision Limited
Stephane Leduc, director of Kent Business Investors, said: "Through the acquisition of Pegasus Precision, we have decided to invest in industry, in particular in our home counties of Kent and East Sussex. We believe that the time has come to fund industry and to relocalise high added value manufacturing in the UK."
Alex Pawle, director of Kent Business Investors, added: "Pegasus Precision struck us as a highly specialised manufacturer with very skilled staff and strong customer relationships. We look forward to preserving the company founder's legacy and building on his philosophy of continuous improvement and manufacturing excellence."
Lee Huntley, Pegasus Precision Limited's founder, said: "I am glad to have reached a win-win done deal with Alex and Stephane for their investment in my company. Throughout the process, they were attentive to us reaching an arrangement through which both parties could benefit equally. I look forward to staying very much involved and working on Pegasus Precision's success over the long term".
All employees are expected to remain with the company.
Former owner, Lee Huntley, intends to remain involved in the company for the foreseeable future to help expedite its growth and support the company's loyal customers.
Kent Business Investors Limited is a privately owned investment company, whose mission is to invest in UK industry by growing well-run and profitable manufacturing companies.
Kent Business Investors were advised by:
Legal: Charlotte Lane, Mark Diamond, Daniel Tozer (ASB Law)
Financial: Steve Sutton, Ben Houston (Burgess Hodgson)
Lee and Miranda Huntley were advised by:
Legal: Chris Brightling, David Morgan, Nathan Dady (Girlings):
Financial: Chris Geary (Geary Partnership)
Tax: Barrie Wright (McCabe Ford Williams)
About Ted J. Leverette and Partner" On-Call Network, LLC
Ted Leverette, based in North Palm Beach, Florida, serves clients worldwide providing transaction guidance and advisory services such as helping clients establish their acquisition criteria and their management and purchasing credentials. And then searching for opportunities, evaluating, dealmaking and post-closing transition into the company. (Leverette does not provide business brokerage services.)
Ted Leverette is the author of how-to books: https://partneroncall.com/
How to Prepare Yourself and Find the Right Business to Buy
How to Buy the Right Business the Right Way
How to Get ALL the Money You Want For Your Business Without Stealing It
Ted J. Leverette