Shoosmiths advises ESI Process UK on acquisition of leading pressure control distributor

Shoosmiths advises ESI Process UK on acquisition of leading pressure control distributor


Author: Kara Shadbolt

UK law firm Shoosmiths has advised process equipment specialists, ESI Process UK Limited ('ESI'), on its acquisition of Fluid Controls Limited ('Fluid Controls').

This is ESI's latest acquisition since the company was bought by Swedish international industrial group, Indutrade AB, in 2013.

Indutrade AB listed on the Nasdaq, OMX Stockholm Exchange, markets and sells components, systems and services with a high-tech content within selected niches. It is organised into six business areas: Engineering and Equipment; Flow Technology; Fluids and Mechanical Solutions; Industrial components, Measurement and Sensor Technology and Special Products. It recently posted sales in excess of 11 billion Swedish krona.

Fluid Controls Ltd was founded in 1988, as a distributor of high quality pressure control equipment to the Oil and Gas industries. Since then it has grown considerably, adding strength to their portfolio and becoming established as a preferred supplier to many world-leading manufacturers and blue chip companies. Specialists in Pressure Management, Fluid Controls supplies to a broad range of industries and is now one of the UK'S leading distributors for pressure control.

The Shoosmiths corporate team, comprising of corporate partner Ben Turner, Alistair Hammerton, Raashi Jain advised the ESI Process UK management team on corporate aspects of the deal. Tax, pensions and employment advice was provided by partner Kate Featherstone, partner Paul Carney and associate Nick Vernon, respectively.

CEO of ESI, Morgan O'Brian, said: 'Shoosmiths has provided us with a seamless service throughout our acquisition of Fluid Controls. Fluid Controls is a leading distributor for pressure control and so is an important acquisition for Indutrade as it continues to expand its footprint across the UK.'

Shoosmiths corporate partner, Ben Turner, added: 'It was a pleasure to advise ESI and Indutrade on this strategically important acquisition. The Indutrade group is a serial acquirer offering a different, credible type of exit to mid-market manufacturing and industrial component supply businesses. We wish them every success as they continue to implement their ambitious growth plans for the UK and elsewhere'.'

Shoosmiths' corporate team advises public and private companies, management teams, investors and debt providers through the business life cycle. Shoosmiths work with businesses from start-up and first round finance through to mergers and acquisitions, MBO and MBI transactions, development funding and on exits, by way of sale, listing or private equity investment.

Nationally, the corporate team is ranked in joint first place by deal volume in Experian's UK Deal Review and Advisor League Table. The team was recognised for its mergers and acquisitions expertise at the 2015 M&A Awards, winning the Law Firm of the Year category.