An HNH deal advisory team, led by Richard Moorehead, has advised on the sale of King & Fowler to Aero Services Global Group (ASG). Liverpool-based King & Fowler is one of the oldest surface treatment houses in the UK, with a particular focus on the aerospace industry.
“We are delighted to welcome King & Fowler to the ASG family and see this acquisition as a strategic fit, adding more capability to our portfolio. This acquisition strengthens our commitment to our customers, providing end-to-end capabilities for commercial and military aerospace contracts,” explained Simon Weston, Group MD of ASG (pictured).
“Its reputation in the aerospace sector is well respected, with Nadcap accreditation and over 15 customers approvals already in place. More importantly, it has unrivalled expertise in the surface treatment of critical components and, with renewed investment, we believe we have the opportunity to grow sales by 30% over the next twelve months.”
He continued: “This will involve the creation of a number of new jobs and the opportunity to complete work for other domestic and international member companies in ASG.”
Mark Huddleston, who remains as Director of King & Fowler, added his support: We have joined a well-managed, growing and ideally positioned group, with a clear vision of providing world class services to customers and deploying a ‘partner of choice’ ethos.
“While we have been approached on a number of occasions by potential buyers, the investment record and market growth of ASG made this the right next step and we look forward to upgrading our facilities whilst supporting the group in their strategic objectives