M&A Deal Summary

GIL Investments Acquires KRG Specialist Engineering Services

On February 15, 2019, private equity firm GIL Investments acquired machinery company KRG Specialist Engineering Services from Proserv

Acquisition Highlights
  • This is GIL Investments’ 1st transaction in the Machinery sector.
  • This is GIL Investments’ 14th transaction in the United Kingdom.

M&A Deal Summary

Date 2019-02-15
Target KRG Specialist Engineering Services
Sector Machinery
Buyer(s) GIL Investments
Sellers(s) Proserv
Deal Type Divestiture

Target

KRG Specialist Engineering Services

Coatbridge, United Kingdom
KRG Specialist Engineering Services is a provider of precision machining services to companies operating in the Oil & Gas, Aerospace & Defence, Rail and Food sectors. KRG Specialist Engineering Services is based in Coatbridge, Scotland.

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Buyer(S) 1

DESCRIPTION

GIL Investments is a private investment firm focused on acquiring controlling stakes in mid-sized businesses throughout Europe. Prospective transactions include management buyouts and buy-ins, restructurings, turnarounds, and complex corporate carveouts. The Firm is a generalist investor but has a preference for companies operating in basic industries, including industrials, distribution, manufacturing, and support services. GIL Investments was formed in 1991 and is headquartered in Warwickshire. Our target businesses will typically be headquartered there.


DEAL STATS #
Overall 14 of 20
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 7 of 8
Country: United Kingdom M&A 14 of 19
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-31 Ashworth

Manchester, United Kingdom

Ashworth is a provider of pipes, valves, fittings, and associated products to the industrial and mechanical services process industries. Ashworth was founded in 1906 and is based in Manchester, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Sandland Packaging

Bilston, United Kingdom

Sandland Packaging specializes in the production of cardboard packaging. The firm operates a complete service, including packaging design, manufacture, and delivery through its fleet of lorries. Sandland Packaging is based in Bilston, England.

Buy -

Seller(S) 1

SELLER

Proserv

Aberdeen, United Kingdom

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves. Proserv is based in Aberdeen, United Kingdom.


DEAL STATS #
Overall 1 of 2
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-05 Nautronix

Aberdeen, United Kingdom

Nautronix is an international provider of advanced subsea acoustic positioning systems, diver communication systems, and acoustic subsea controls. Nautronix was founded in 1989 and is based in Aberdeen, Scotland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Proserv Group - Drilling Services Business

Aberdeenshire, Norway

Proserv Group, Inc. - Drilling Services Business provides welding, electrical, piping, flushing, and tubing services.

Sell -