Price Bailey Trucking Along with Sale of SB Components

The Price Bailey Strategic Corporate Finance team recently led the successful sale of Wisbech-based supplier of commercial vehicle components, SB Components, to Elaghmore Partners, an operationally focused private equity firm.

Founded in 1988 by Steve and Joy Bushell initially producing specialised fuel tanks, SB Components has expanded its products and services to include additional components, services for fleet operators, heavy haulage and a bespoke body build division. It now has total production capacity of over 60,000 sq ft and more than 130 employees, generating revenues in excess of £15m. 

Price Bailey acted as lead adviser and worked with the company to target a range of potential acquirers in the UK and overseas. Elaghmore Partners recognised the opportunity within the sector to expand in the UK, and also overseas, and will support the existing management team in delivering the growth plan.

“You only get to sell your business once, so it is extremely important to have advisers on board who are experts in what they do, and who are with you every step of the way,” said Steve Bushell. “Since the start Price Bailey has been professional and responsive and has managed the process very efficiently.  In Elaghmore, I think they have found the perfect partner to take the business forward.”

Stephen Reed, Partner in Price Bailey Strategic Corporate Finance commented: “Elaghmore was the best option from both Steve’s perspective, but also for the business going forward. The management team can now continue with their plans and have a partner who is hands on and can help them deliver into the future.”