Partner Barry Niven and Associate Solicitor Joel Molloy, in Clifton Ingram LLP’s Corporate & Commercial team, have advised on the sale of Cove Industrial Enterprises Ltd, a market leader in the sub contract sheet metal work industry supplying the aerospace, military and automotive sectors.
In February 2019, the Captec Group Ltd purchased 100% of the issued share capital of Cove Industrial Enterprises Ltd, including the 22,000 sq ft factory in Farnborough. The company will continue to trade as Cove Industrial Enterprises.
After running the company since 1963, founder Gordon Day was looking for a safe pair of hands to secure the future of Cove Industrial Enterprises and its staff after his retirement. The firm had worked closely with Captec for nearly a decade, supplying finished sheet metal enclosures and racks to support Captec’s integration in complex projects for the defence and medical industries.
The acquisition was a good strategic fit for both companies as they already shared an increasingly common customer base, particularly in aerospace and defence sectors, and provided complementary capabilities.
Gordon Day, CEO of Cove Industrial Enterprises, said: “We chose Barry Niven and Clifton Ingram after interviewing several local solicitors as his approach was one of keeping the negotiations simple and the communications at all times was first class, giving us a good indication of the quality of service we were likely to receive. We were very pleased with Barry's attention to detail and his very human approach - we would certainly recommend Clifton Ingram to others.”
Clifton Ingram’s Corporate & Commercial team is highly recommended in The Legal 500, the UK’s leading guide to law firms.