BDO has provided M&A sell-side advisory services in relation to the sale of Sunray Engineering Group Limited, a leading UK designer and manufacturer of high specification steel and timber security doors, fire doors and louvre systems, to ASSA ABLOY, a Swedish listed global building products group focused on security products.
"As an established and successful Business, the consideration of our Board and Shareholders on how and where to look at exit options was in itself made easy by our initial contact with BDO.
"They offered a truly consultative, informative and non-pressured outline on possibilities followed by meeting the highly experienced team who guided us from concepts to forming a planned way forward to suit what we wanted to achieve. Throughout each stage the communication and information flow was just faultless and their negotiation abilities with potential targets is second to none.
"Our journey from exit consideration to completion was given unconditional sensitivity, support and in-depth explanations through due process. In our collective opinion BDO were not only the right choice but would suggest they are the only choice for any company looking for detailed exit options."
Sean Ballard, Group Managing Director, Sunray Engineering Group Limited
“Sunray is a highly profitable designer and manufacturer of high specification doors and attracted significant interest from trade and private equity buyers during the sales process."
John Stephan, Partner, BDO
“The company’s specialist expertise and longstanding reputation in the building products sector made it a natural strategic fit for Assa Abloy – an ambitious international group looking to extend its footprint in the UK and EMEIA markets. This sale should build on the legacy of a business that has carved out a real niche in the sector for over 40 years.”
Matthew Goodliffe, Director, BDO