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James Cowper Kreston Corporate Finance advise Matrix Electronics on its sale to Easby Group

14 June 2023

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We are pleased to announce our role as corporate finance adviser to Matrix Electronics, an electronics kitting and supply chain solutions provider, on its sale to Delta Impact, a subsidiary of NVM Private Equity backed Easby Group.  The acquisition will bring scale, expertise and service capabilities to create a leading electronics supply chain solutions provider in the UK.

Matrix Electronics was incorporated in 2012 and is a key supply chain partner to a growing number of customers, from small start-up businesses to large, multi-national conglomerates.

Easby Group, comprising Easby Electronics and Delta Impact, is an independent distributor and service partner with offices and warehouses in Richmond, Newbury and Thatcham.  The addition of Matrix Electronics brings a new office in Newbury, in addition to the imminent opening of a warehouse and logistics hub in Thatcham, with continued investment in both people and facilities planned.

The deal follows Easby Group's £24 million management buy-out, which was backed by NVM Private Equity in February 2022.

David Piddington, Matrix Electronics Managing Director, said: "We are thrilled to be joining the Easby family. The Matrix and Delta Impact businesses are highly complementary and the merger of skills, knowledge and shared values in our new combined facilities will take us to new heights and create the next chapter in our growth story."

Jonathan Simpson-Dent, Chairman at Easby Group, commented: “We are excited to bring together two dynamic and focused businesses under Eamon and David’s joint stewardship. This is an important step on our journey to expand Easby Group into a real market leader in electronics supply chain solutions.”

The team at James Cowper Kreston Corporate Finance were led by Stuart Williams, who commented, “We are delighted to have advised Matrix Electronics on this transaction. It is always gratifying to see the positive results of a team’s hard work – they have built a fantastic business and a market leader in their sector. The combination of Delta Impact and Matrix is perfect and I wish David and the team every success in the future.”

Sell side advisers on the deal alongside James Cowper Kreston Corporate Finance were Harrison Clark Rickerby. Easby were advised by Womble Bond Dickinson, Crowe and Graph Strategy.