Dealmakers work on Tradebe deal
Two South Yorkshire dealmaking firms have combined for a transaction which has led to the shareholders of Solvents with Safety Ltd (SWS) realising the value of their investment in a sale to Tradebe.
SWS supplies packaged virgin and recovered solvents to the automotive refinishing market, both in the UK and overseas.
It was founded in the early 1980s and under the ownership of Keith Wilson, has a track record of providing customers with a complete solution from solvent sales through to blending and waste collection. The business has a turnover of about £9m and the business employs 35 staff.
Tradebe works in the hazardous waste management services sector, operating more than 72 treatment and recycling facilities across the markets where it is present.
David Forrest, supported by John Longstaff and David Bellamy, from BHP Corporate Finance acted as lead advisor to the vendors. Matt Ainsworth and Michael Hall from the Sheffield office of law firm Irwin Mitchell provided legal advice.
Keith Wilson, chairman of SWS, said: "SWS' success has been built on a value added product offering and outstanding customer service overseen by an excellent and committed management team led by managing director, Brendan Pope.
"I believe we have found the perfect home for the business to continue its progress as part of the Tradebe group."
David Forrest, partner at BHP Corporate Finance, added: "We are delighted to have had the opportunity to work with SWS’ shareholders to find the right strategic partner for the business. As we expected for a high quality business like Solvents, we had a significant amount of interest."
Matt Ainsworth, partner at Irwin Mitchell, said: "SWS is yet another example of an outstanding South Yorkshire business which is attracting investment by blue-chip multinational organisations.
"We look forward to seeing the continued success and growth of the business under the ownership of Tradebe over the new few years."