Hazelwoods advises on sale of UK electricity supplier

Hazlewoods The Corporate Finance team revealed that it advised the sale of UK electrical component supplier Specialized Wiring Accessories to Shoal Group, a supplier of cables and accessories to more than 53 countries around the world.

Specialized Wiring Accessories Ltd was founded in 1988, initially operating from a portable office in Gloucestershire.

Over three decades it has grown into a trusted seller of electrical terminations, fixings, fasteners and tools, stocking over 8,000 products, employing 54 people and operating out of 50,000 square foot premises in Wootton under edge.

Paul Fussell, corporate finance partner at Hazlewoods, led the transaction for SWA.

Fussell said: “I would like to wish Brian and Garry much happiness for the future. We have worked with them for many years and have witnessed the growth of SWA and the hard work and determination that has gone into making the company such a success.

“The sale of the business is the culmination of tremendous hard work and is very well deserved.”

Mark Taylor, Managing Director of Shoal Group, added: “This acquisition will expand our footprint in the UK with the addition of a trusted brand, innovative products and own brand with a strong presence in the wholesale market of electricity in the UK and Ireland.

SWA Director Brian Hands said, “Paul was instrumental in helping us achieve a brilliant result for the sale of SWA. We couldn’t have asked for a more professional and diligent response to all of our enquiries.

“Paul’s guidance and integrity throughout the sales process was absolutely professional. His negotiating skills allowed Garry and I to obtain the best possible result for the sale of our business. »