HNH Group is delighted to announce completion of the sale of Lisburn based ‘Nelson Hydraulics’ to Lancashire Company ‘Flowtech Fluidpower plc’ for a combined value of £5.8m.
Having celebrated 50 years in business during 2015, Nelson Hydraulics Limited (NHL) is a market-leading supplier of hydraulic components and hydraulic hose assemblies, throughout Ireland, the UK and beyond. The company has been a genuine success story within Northern Irish business on a long term basis.
Following many years of profitable growth, the Nelson family engaged HNH to advise on potential exit options. HNH identified Flowtech Fluidpower as an ambitious and growth-focused company for whom there would be significant strategic rationale underpinning the acquisition of NHL.
As part of the deal, Mark Nelson, who has led the business for the past seven years, will remain as managing director. Mark commented “this transaction is a significant milestone for Nelson Hydraulics, which comes after a long and successful period of family ownership. The sale to Flowtech and the opportunities it will generate will position the business for many more years of growth and prosperity. HNH were instrumental in helping us to realise our ambitions, through managing the sale of our family business in a sensitive and professional manner.”
Richard Moorehead and Wayne Horwood advised the shareholders on the sale. Richard commented, “Nelson is a local business with an international presence. We were delighted that the shareholders engaged us to assist them in realising their investment. With Mark Nelson remaining as MD and Flowtech bringing its expertise and financial firepower to bear, we’re confident that the business has everything it needs to continue to thrive.”
HNH Group is a specialist Corporate Finance advisory service with expertise in private equity, banking and due diligence.
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