Test and measurement specialist acquired by US market leader
MCS Test – the St Asaph-based company which is one of the UK’s leading test and measurement solutions providers – has been acquired by the US market leader, TestEquity.
The North West advisory team from Dow Schofield Watts advised the shareholders of MCS Test on the deal, which will help accelerate the growth of the combined business within the UK.
Founded over 20 years ago by Bill Beck, MCS Test supplies new, used and rental equipment to electronics design and manufacturing customers across the UK and Europe. They include multinationals supplying industry sectors such as wireless, aerospace and defence, automotive, manufacturing, semiconductor and telecommunications. The company, which employs 21 staff, also provides calibration services through its UKAS-accredited laboratory.
The deal will allow shareholders Bill Beck, the CEO, and Rachael Lupton, Sales Director, to realise their investment in the business, however they will continue in their current roles.
Bill Beck, the company’s CEO, said: “We are very excited to become part of TestEquity, a leader in our field. This transaction creates a unique strategic opportunity as we combine our expertise and our specialised services. As part of TestEquity, we will deliver even greater value as we remain focused on our strengths and customers.”
Steve Newland, CEO of TestEquity, added: “I am proud to partner with the MCS team and continue building on the strong foundation they have created. MCS brings a specialised business model, a very talented and technical team, and personal values that are very complementary to our own. Together, we will be able to serve the growing needs of our customers and supplier partners even better than we do today.”
Andy Dodd and Ross Thomas of Dow Schofield Watts provided corporate finance advice to MCS. Ross Thomas said: “The acquisition enables the shareholders to realise the value built up over the many years they have invested in MCS, and also provides the company with the ideal platform to continue its growth trajectory.”
Anne Scheland and Lauren Swanick of Hillyer McKeown in Chester provided legal advice to MCS while John Phythian and Mike Stott of Wirral-based Bertram Burrows provided accountancy and tax advice.