CBS Metals is a market leader in the design and manufacture of a range of cable installation equipment used in a variety of applications including the electricity, telecommunications and CATV industries.
Our Corporate Finance team, led by Sally Saunders, acted as lead advisers to the vendors, who were seeking to retire. We identified a strong strategic fit with General Machine Products Co Inc (GMP), based in Philadelphia. GMP is a premier worldwide supplier of speciality outside plant tools and equipment for the telecommunications, power utility and cable television marketplace. We recognised that the acquisition would expand GMP’s product range and give them a significant holding of the UK market.