CORPORATE finance specialists at Watersheds in Northampton have completed work on the acquisition of a specialist designer and manufacturer of high temperature furnaces and environmental chambers.
West Country-based Severn Thermal Solutions has become a market leader since it was founded by husband and wife Nigel and Tracy Ryder 20 years ago.
Now it has new owners in the form of Cambridge-based SDI Group plc, which holds a portfolio of high-tech businesses in the science, technology and medical markets.
The acquisition will provide greater reach for SDI into high-value clients across 25 countries, including Severn’s long-standing work with the UK Atomic Energy Authority.
Watersheds partner John Stopher led work on the deal. “It was incredibly important to find the right fit for Severn, both to support the retention of their highly skilled engineers within the business as well as future business prospects and development,” he said.
Tracy Ryder said: “The Watersheds team made everything so easy.
“They really understood what mattered to us, not just the financials but the future of our people and the legacy of the business.
“They helped us see what was possible and supported us through every step.”
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