The BDO Transaction Services team carried out Vendor Due Diligence for the disposal of the Hydrobolt Group, the market leading supplier of special fasteners, petro-chemical grade studbolts and pipeline package. Hydrobolt has joined the LoneStar Group, but will remain a separate entity and will continue to trade under the Hydrobolt name. The group will continue to be run by the current Hydrobolt senior management team, led by Jamie Simpson.
"Having worked with BDO's Transaction Services team previously, we engaged them to undertake the VDD when we decided to market the business. On both occasions we found their team to be very thorough in their approach and were always prepared to listen to management in order to gain a thorough grasp of the issues in what is a relatively complex business to understand. Their knowledge proved extremely useful during what was an extremely rigorous and detailed DD process carried out over a short time period. Should the occasion arise in the future I would be happy to use/recommend BDO".
Jim Coats, Exiting Finance Director, Hydrobolt Group Holdings Limited