Our Mergers & Acquisitions team advised the shareholders of Trac Group Limited on the sale of the group to Sequa Corporation via its subsidiary Chromalloy. Sequa is backed by the Carlyle Group. Trac Group is a specialist engineering business machining aerospace and IGT components for the highly technical “hot part” section of engines as well as tooling design and manufacture. Trac is projecting huge growth driven by many high volume programs such as the Rolls Royce’s Trent XWB and Snecma’s Leap engines, which benefit from long term order visibility.
“The sale of Trac Group represented the culmination of decades of hard work by the shareholders and their families. It was important to see the fruits of that work and so we carefully selected our Corporate Finance adviser to maximise value. BDO was chosen and successfully sourced an international buyer with real strategic motivation to acquire Trac. The sale process was driven with purpose, skill and with a hard edged negotiation - BDO was always ahead of the game. The shareholders are delighted with the outcome and would have no hesitation in recommending BDO to others.”
Leigh Robinson, Managing Director and majority shareholder