Newbury-based flight case manufacturer Absolute Casing has acquired Nomad Cases, based in Market Harborough.
The deal, led and negotiated by Watersheds, is set to create a market-leading flight case group.
Absolute Casing supplies bespoke protective flight cases to a vast number of market sectors, including Formula 1, Premier League football, the Olympics, medical, television production and the oil and gas industry.
Nomad Cases is already a well-known name in the industry, employing 29 people in their premises in Market Harborough, Leicestershire.
Absolute Casing MD Ed Franklin said: "There is a lot of synergy between Absolute Casing and Nomad Cases in terms of what we do and who we supply and so when Nomad’s owner was considering retirement, we were keen to explore the opportunity. We had worked together before on certain projects and I knew Absolute Casing would be a good home for its customers and staff."
Jessica Painter, partner at corporate finance firm Watersheds, said: "A strategic acquisition like this can be an excellent growth plan for a business. As advisors who work across both acquisitions and disposals we can provide a balanced perspective and anticipate what either side is going to want in order to achieve a smooth deal."
Thrings and Marriott Harrison provided legal advice on the transaction, with funding provided by HSBC Commercial Banking.
