Award-winning corporate finance boutique fds Director Services Limited advises on the acquisition of a controlling interest in Nautech Services by international company iPS Powerful People.
fds has a wealth of experience with mergers and acquisitions and has successfully advised on over 400 transactions in this area over its many years of operation.
Operating from its headquarters in Jersey, Nautech Services is an established provider of temporary and permanent survey and marine personnel to organisations worldwide. In addition to personnel services, Nautech also offers equipment and survey solutions for a variety of projects.
The acquirer, iPS Powerful People, has a presence in 20 countries. The business is a global partner for maritime, energy, and civil engineering companies dealing with complex challenges in the area of recruitment and payroll services.
Poonam Kaur, CEO of Wakefield-based fds Director Services Limited, led the deal on behalf of Peter Harrison, owner and managing director of Nautech. The fds team ensured an effective and timely completion. Throughout the deal, Poonam upheld fds’ standards of delivering a high-quality service while maintaining constant communication with both parties to minimise any delays.
Poonam Kaur comments: “Finding the right home for this business was essential to our client. Having established the business over 27 years Peter had provided us with the challenge of finding the right partners and securing a deal that realised the majority of his investment to date. The deal that we have secured has allowed Peter to be part of the exciting next chapter for the company.”
Peter Harrison said: “I would like to congratulate you, Poonam, on an excellent professional transaction and thank you for being there throughout the whole process when I needed you. IPS is the right home and will take Nautech to the next level in future.”
Rob Kooijmans, Director at iPS Powerful People, said “For iPS Powerful People, the Nautech activities are a seamless fit to our business portfolio. The Nautech team operates with equal dedication and professionalism for the optimal support to contractors and clients. Poonam very well understood the common values of both companies and the engagement of their owners with the industries they are working in, and was able to translate this into a deal which gives a lot of confidence for the future.”
iPS Powerful People and Nautech Services have agreed to collaborate intensively. With this agreement, iPS Powerful People will strengthen their position in the Survey and Marine markets. Additionally, Nautech Services will benefit from an expanded international footprint and expertise of iPS Powerful People.
Learn more about how fds can assist you with mergers and acquisitions, tips for successful business exit planning and your succession planning journey by contacting us for a confidential conversation.