Darren Pearce, Managing Director of Powertecnique commented “We have been in business for 18 years and have never been exposed to corporate finance previously. It was vital for us to engage the right advisor/partner and Meridian instantly gave us the comfort to entrust them with our most valuable asset, ‘Powertecnique’.
By anticipating every stage of the process they ensured that we were able to make informed decisions at each milestone. Their dedication and commitment, ranged from data entry to strategic consultancy, however, no matter what the requirement, it was delivered round the clock. The relationship with Meridian has been such a success that we will be looking for an ongoing advisory relationship post completion."
Michael Barcia, director at Meridian who led the transaction adds “The deal was excellent for all concerned. The exiting Directors now have the opportunity to pursue new lifestyle choices, whilst Darren now has the platform to take the business in a new strategic direction. The UPS market is one that is forecast to grow strongly and Powertecnique are now ideally placed to exploit the opportunities that are presented."