PWS
Pegasus Welfare Solutions (PWS) created and patented the only industry certified offshore welfare units for personnel on wind turbines and offshore substations.
For this client EBC:
- Consulted on preparing the company for sale
- Prepared realistic financial projections and valuation for the business, confirming the expected demand profile for the company’s products
- Identified a range of large companies as potential acquirers having a clear strategic fit
- Articulated the businesses value to viable purchasers
- Recommended solicitors and accountants, skilled in M&A, giving PWS the expertise needed throughout the entire sales process, whilst maintaining a strict control on transaction costs
- Created competitive pressure, culminating in a number of high-quality offers and final agreement on terms of sale
- Secured a leadership position for the original founder to lead the OEG offshore wind services division
We were delighted with the performance of the EBC team. They were chosen as our consultants following a careful selection process. Through their high-level industry contacts, EBC identified suitable parties with whom we had confidential discussions. EBC communicated the key synergies and value proposition in order to gain interest from multiple parties and then led a carefully organised process to gain competitive bids. EBC’s support through the due diligence process was extremely important and I would not hesitate to recommend them to other directors considering the sale of their business.
Dan Greeves, PWS founder and OEG Head of Renewables
