Sale of leading supplier of industrial welder and generator equipment
Arc-Gen, the trading name of Philip Lewis Limited, is one of the leading UK suppliers of welders, generators, and lighting towers into the plant rental, construction and oil and gas markets.
Orbis acted as lead advisors to the Shareholders of Arc-Gen.
The Vendors of Arc-Gen both wanted to retire. The Business had built up an excellent reputation for quality under their stewardship and had developed a very close relationship with their Japanese suppliers. Consequently the vendors were not happy selling the Business to a competitor which limited the scope of potential acquirers. Therefore, Orbis had to source a buyer for Arc-Gen that understood the dynamics of the construction industry but was not directly involved in the distribution of similar products. Additionally, the Purchaser needed to be able to quickly establish a relationship of mutual trust and respect with the Japanese supplier. Using contacts within the Industry, we contacted Morris and Company Ltd, who was looking to invest in a Business with a proven track record and good growth prospects. Arc-Gen fitted their acquisition criteria and the Business is now part of the Morris and Company Ltd Group.