BDO Corporate Finance is pleased to announce the sale of Sterling Security Limited to Burg-Wächter KG. Sterling Security is one of the UK’s leading suppliers of locks and security hardware products. The transaction marks an important step in the internationalisation strategy of the Burg-Wächter Group. The acquisition will allow the German family owned, safe and security product manufacturer access to the UK market.
“We were delighted with the BDO team. They quickly identified Sterling’s strategic potential and the IM was first class. Despite challenging market conditions, BDO delivered a comprehensive list of credible suitors, providing flexibility to ensure Sterling went to the best home. They made the overseas purchaser very confident and comfortable in the business and process. In particular, their level headed approach, coupled with quality commercial advice, was vital in successfully delivering an excellent result for the shareholders and the company.”
Tony Kelly, Managing Director, Sterling Locks Limited