Quantuma advises PCB on its sale to Sescom

Adrian Howells and Richard Hill of Quantuma have advised the shareholders of UK-based PCB Technical Solutions Limited on its sale to Sescom, in a move that will see the Polish technical facilities management (TFM) specialist expand its UK operations. PCB provides technical maintenance for retail, commercial and industrial facilities, as well as installation of HVAC and smoke control systems, predominantly for the retail industry, as well as food producers, public institutions and main contractors. It generated £10m of revenue in FY22, with Quantuma noting it will make an “ideal partner” to deliver Sescom’s future UK growth. It added that the acquisition provides PCB and Sescom with the opportunity to “cross-pollinate” within an international client base, and provides Sescom with a well-respected team to lead its UK offering. It will also enable PCB to offer new solutions to its clients, including energy cost optimisation and facility asset management. Quantuma director and Corporate Finance specialist, Adrian Howells, led the sales process on behalf of the shareholders and was supported by manager, Richard Hill. The Quantuma team undertook a strategic marketing process that identified Sescom as a strong fit to accelerate PCB’s growth and generate significant synergies, and then project managed the complex transaction through to completion. PCB is the second cross-border transaction for Adrian and Richard to complete in the past fortnight. Quantuma also worked with Peter Woolley and Nouara Mokrane of Moorcrofts LLP to deliver the transaction. Quantuma Corporate Finance director Adrian Howells said: “It has been a genuine pleasure to work with Dave and his team to deliver the successful sale of PCB to Sescom. This was a complicated cross-border transaction, with multiple parties involved, which required careful management. “PCB is well-regarded in its market, providing wide-ranging 24/7 support to its clients. This deal enables Sescom to build on a solid foundation to strengthen its UK operations and provide an extended offering to the combined group’s client base. I’m really pleased for Dave and the team. We are looking forward to seeing the combined team’s success and expansion over the coming years.” PCB managing director, David Cooper said: “The PCB team has steadily grown to become one of the leading UK specialists in retail and commercial technical facilities management, providing our clients with a reliable partner to install and maintain their facilities. We’re really pleased to find a like-minded partner in Sescom, who will support us in our next phase of growth. “Adrian and Richard’s advice and tenacity was extremely valuable, providing considered and relatable guidance throughout a complex cross-border process. They thoroughly understood our business and, through in-depth research, were able to identify and engage a synergistic European buyer for us.” Tomasz Szatkowski and Marek Tymecki led the transaction for Sescom and were supported by Azets (financial due diligence), GESSEL Attorneys at Law (Poland) and Akbar Ali of Ali Legal Ltd in the UK.