Established in 1978, Dorset-based Relec is a supplier of power conversion and display technology products in the industrial, rail transportation, medical, telecoms and military markets. With a strong focus on customer service and its ‘Request-Refine-Result’ approach to selling, Relec enjoys longstanding customer relationships, many stretching back over 20 years.
Relec will sit alongside Gresham Power Electronics Limited, Gresham Worldwide’s UK subsidiary which has been designing and manufacturing highly reliable power electronics for the naval and industrial markets for more than fifty years. The joining of forces of these two businesses will provide Relec opportunities to offer value-added services to its established blue-chip customer base, while enabling Gresham Power Electronics to expand into rail and other industrial markets.
A team led by Managing Director Mark Lucas and Director Adrian Howells provided advisory services to the disposal, from positioning Relec for sale, to hands-on management of the process through to completion.
Mark Lucas, Managing Director at Quantuma: “We are delighted to have supported Peter Lappin and his fellow shareholders in successfully selling Relec to Gresham Worldwide, a US buyer, particularly during a global pandemic. With the shutdown of the global economy, this transaction has not been without its complexities, but the outcome achieved is a great result for all. Relec is a perfect fit with the Gresham family and will flourish with the opportunities this combination brings”.
Peter Lappin, Managing Director at Relec: “Our thanks to Mark, Adrian and the team at Quantuma for making this transaction possible. They were tenacious in their efforts to keep progress on track and highly adaptable in their approach – with much of the deal necessarily negotiated and transacted via Zoom calls! We found them to be very user-friendly, with practical no-nonsense advice always on hand – if you are considering selling your business, we would certainly recommend you speak to them."
ENDS
Notes to Editors Quantuma is a leading business advisory firm which works with businesses at the key milestones, delivering bespoke solutions to help clients take advantage of opportunities and overcome a range of operational and financial challenges, enabling them to achieve their business objectives and ambitions. The business has 20 offices, including 17 in the UK, two international offices in Cyprus (Nicosia and Paphos) and one in Mauritius.
