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12 October 2017Press Releases
James Cowper Kreston are pleased to announce the involvement of their Corporate Finance Team in a recent, high profile, business acquisition.
PowerPax UK Limited, a well-known Reading-based distributer of electrical goods, including DC-DC converters and power supplies, has recently been acquired by Stadium Group PLC. PowerPax are well established in the Reading area, having been in operation since 2000, and have many years of expertise in their sector.
Stadium Group, a leading global supplier of integrated design led technologies, will be assimilating PowerPax into their existing technology division: Stadium Stontronics Limited.
Nick Rogers, Corporate Finance Partner and Ian Robinson, Corporate Finance Manager at James Cowper Kreston, provided advice to the shareholders of PowerPax during the acquisition.
Lee Allen, Managing Director of PowerPax said: “Nick and the team at James Cowper Kreston provided experience and professionalism to guide us through the process to complete the transaction. We wouldn’t hesitate in recommending them to others.”
Nick Rogers said: “We are very pleased to have provided assistance to the shareholders of PowerPax. We believe that Stadium is a great home for the business to continue its impressive growth and wish them every success in the future.”