Completed sale
PSI (2011) Manufacturing & Engineering Business Acquisition by Plant and Safety | Transaction Overview
The buyer we sourced hails Knightsbridge Deal Executive Saahil Chatoo…
In a five-star review, the buyer of this deal described Saahil as “a fantastic person to deal with”, concluding: “Thank you for an excellent service”…
PSI (2011) is an independent engineering inspection business based in Coventry that was established in 1994 before rebranding to PSI in 2011.
It offers a range of plant and equipment examinations, including pressure system, lifting equipment, and power press inspections.
PSI is well regarded by its 1,000 active clients due to its high level of experience, competitively priced services, and quick response times.
Motivated by facilitating further growth for the company, husband-and-wife owners, John and Sheila Jones, decided to sell the business.
Saahil explained: “Although they were looking to retire, their main goal was to find the right buyer – not simply the right valuation. In the end, we found both for our client…”
Following research; 23 interested parties emerged, with meetings conducted with 19 of them. Three competing offers were then table for the Jones’ to choose from…
In just eight months after going live on the market, PSI was acquired by Staffordshire-based Plant and Safety, a firm established by Ryan White in 2019.
Plant and Safety provides a range of services focused on safety and compliance, primarily within the workplace and industrial settings.
It offers inspection, testing, certification, training, and lifting equipment services, ensuring equipment and individuals remain safe and compliant with relevant regulations.
Saahil concluded: “I was pleased to help negotiate the final deal, as John and Shiela are very happy that their company will continue under the right owner. We sourced well.”
The Knightsbridge team wishes the Jones’ happy, well-earned retirements, and the best of luck and happy relations for the future to PSI and Plant and Safety.