Prism Advise Milbank Group on 8th Acquisition
We are delighted to announce that the Prism team have advised rapidly growing investment company, Milbank Group, on its acquisition of leading livestock housing and comfort specialists, Intershape Limited.
Milbank Group is a family-owned investment company with a diverse and growing portfolio with now 8 unique businesses. Their acquisitions are long-term investments with a strong focus on great customer service and a supportive and inclusive working environment for staff. They are also striving to improve their businesses’ environmental and community impact and hope to influence others in those sectors to do the same.
Intershape, also a family-run business, has over 30 years’ experience supplying farmers and rural businesses with equipment to improve cow, calf and horse comfort and performance. Improving their comfort and reducing their stress is beneficial not only to the animals, but also to dairy farmers by increasing profitability from milk. The business operates through the sale of high quality, innovative products, managed and dispatched across the UK via their warehouse and HQ in Daventry. Their small team of locally based agricultural experts offer both supportive and practical advice to customers.
There are significant synergies between Intershape and existing Milbank Group company Silostop Agri, which provides a range of agricultural solutions for the storage of silage (livestock feed). Initially, Intershape will continue to operate as an independent business, but will eventually join the Silostop Agri umbrella, allowing them to offer a complete solution for dairy farmers.
Founded in 2003, Prism Corporate Broking (Prism) are experts in helping people to buy and sell businesses. We are based near Cambridge but work with clients around the UK and internationally. We supported the team at Milbank Group throughout the whole acquisition process – from identifying suitable targets, through due diligence and negotiations, to the successful deal completion.
Sean Milbank, Chairman of Milbank Group, says “Our strategy is to continue to grow both organically and through acquisition. Intershape is a great fit for our existing agricultural business, Silostop Agri, and I’m delighted to welcome them into the Group. Prism have been by our side for all our acquisitions. Their advice and guidance is always invaluable, and their perseverance really helps to maintain the momentum of the process.”
Peter Watson, Managing Director of Prism, says “It’s always a pleasure working with Sean and the Milbank team. I’m pleased to have helped them add another strong business to the Group. I look forward to helping them continue to expand and diversify in the future.”
In addition to Prism, the acquisition was also supported by Birketts Solicitors and Ensors Chartered Accountants (Tax Due Diligence). Intershape was advised by HCR Hewitsons.
Find out more about our business acquisition service here: www.prismcorporatebroking.com/buy-a-business
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