BDO has advised TW Metals on the acquisition of Locate Supplies Limited, their first UK acquisition.
Locate Supplies specialises in the supply of metals and plastics, offering market leading water cutting technology. The acquisition complements the supply network TW Metals has built up over the past 50 years in the UK specialising in supplying aerospace, nuclear and military industries.
"TW Metals recently worked with BDO on its first acquisition in the UK for many years, with BDO providing financial due diligence and transaction advice. The experience of Darren Phillips and John Parkinson is extensive, and the initial discussions we had with them prior to the acquisition helped TW Metals draft an offer suitable to the size of the acquisition being made. Subsequent to this offer being accepted, Darren's team completed the due diligence work to my requirements, providing a comprehensive and clear report which also met the needs of my US parent company.
I am pleased to say our acquisition completed at the end of May, and I would be happy to use BDO again should we look to make another acquisition."
Chris Lewis, Financial Director, TW Metals Limited