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DJH has advised S&S Steelstock on its acquisition of Trident Sections in Kingswinford, a purchase the company said will expand its manufacturing capabilities and support future growth.
The deal brings together two Black Country businesses with more than 60 years of combined industrial experience.
S&S Steelstock supplies mild steel coil, plate and sheared blanks, while Trident Sections specialises in narrow slitting and produces galvanised steel capping and channel products for the electrical wholesale market.
Both businesses will operate from a 15,000 sq ft facility in Kingswinford following the acquisition.
DJH said the transaction involved input from eight specialists across its North West and Midlands offices.
The firm’s commercial funding team secured a seven-figure financing package from HSBC UK, comprising a cash-flow loan, a commercial mortgage and an invoice-financing facility. DJH’s VAT specialists also supported the process.
Lewis Pearson, corporate finance director, said: “The acquisition highlights the wide range of expertise and specialisms we can bring to the table, whilst keeping everything in-house definitely accelerated the process and completion date. We’re seeing a spike in interest from clients looking for a professional services provider that can look after most of the deal from start to finish.”
HSBC UK area director Melissa Orpe said the acquisition strengthened supply-chain resilience in the region. Legal advice for the deal was led by Knights.
