North West advisory teams from Dow Schofield Watts, Hillyer McKeown and Bertram Burrows advised on the sale of one of the UK’s leading test and measurement solutions providers, MCS Test.
The St Asaph-based company has been acquired by the US market leader TestEquity in a deal that will help accelerate the growth of the combined business within the UK.
Founded over 20 years ago by Bill Beck, MCS Test supplies new, used and rental equipment to electronics design and manufacturing customers across the UK and Europe. They include multinationals supplying industry sectors such as wireless, aerospace and defence, automotive, manufacturing, semiconductor and telecommunications. The company, which employs 21 staff, also provides calibration services through its UKAS-accredited laboratory.
The deal will allow shareholders Bill Beck, the CEO, and Rachael Lupton, Sales Director, to realise their investment in the business, however they will continue in their current roles.
Bill Beck, the company’s CEO, said: “We are very excited to become part of TestEquity, a leader in our field. This transaction creates a unique strategic opportunity as we combine our expertise and our specialised services. As part of TestEquity, we will deliver even greater value as we remain focused on our strengths and customers.”
Andy Dodd and Ross Thomas of Dow Schofield Watts provided corporate finance advice to MCS. Ross Thomas said: “The acquisition enables the shareholders to realise the value built up over the many years they have invested in MCS, and also provides the company with the ideal platform to continue its growth trajectory.”
Anne Scheland and Lauren Swanick of Hillyer McKeown in Chester provided legal advice to MCS while John Phythian and Mike Stott of Wirral-based Bertram Burrows provided accountancy and tax advice.
