Castle Square advise Arkle Partners Limited on the acquisition of Aquarius Railroad Technologies Limited
Arkle Partners Limited, has completed the acquisition of Aquarius Railroad Technologies Limited. Arkle was advised by Yorkshire based corporate finance specialists, Castle Square Corporate Finance.
Operating from a facility in North Yorkshire, Aquarius specialises in providing safe and efficient transport solutions for the rail maintenance sector. Formed in 1999 the Company has developed a range of unique rail and road to rail transport solutions that are used across the rail maintenance sector.
Arkle, founded by entrepreneur Mark Sargent, is a strategic investor that looks at the opportunity to acquire and invest in companies that offer niche products and services. The acquisition of Aquarius will allow the Arkle group to further extend its services within the rail sector having acquired rail maintenance equipment supplier Permaquip in 2010 from Harsco Corporation (NYSE: HSC). Arkle specialises in acquiring non-core divisions from corporates, then growing the businesses organically and through ongoing strategic acquisitions such as Aquarius. Mark Sargent said,
“As our Corporate Finance Advisor, Steven supported us through the whole process engaging with the Sellers, thus freeing our team up to focus on the key drivers within the transaction. Steven has always been a pleasure to work with, has a real attention to detail, always picks up his phone and just gets things done.”
Castle Square is an independent, specialist mid-market corporate finance boutique operating from offices in Sheffield and Leeds. Castle Square has a proven track record of successfully delivering corporate finance services on a wide range of clients based nationally and internationally.
Director Steven Bell from Castle Square advised Arkle on the transaction. Steve Bell said,
“Having worked with Mark and the Arkle team on a number of acquisitions it was a pleasure to complete this acquisition for Arkle. Arkle are able to work on the transaction while we focus on the technical aspects, financials and legal due diligence. We were able to help deliver a quick and clean exit for the shareholders, with the transaction completing extremely swiftly.
The acquisition of Aquarius alongside the existing investment in Permaquip makes the combined group a key supplier to the rail maintenance sector as we target further investment in the Group.”
Led by Corporate Partner Sonia Jordan, London based Brecher LLP provided legal advice and support to Arkle Partners Limited on the transaction. Brecher, specialise in providing legal services to ambitious entrepreneurial businesses across the UK.
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Yorkshire based Castle Square Corporate Finance offer pro-active corporate finance advice to clients throughout the UK, tailoring our service to our clients and their markets, giving us an enviable record of successfully completing deals, including acquisitions and mergers, Management Buy-Outs
and Buy-Ins, finance raising and disposals. Contact Details: Steve Bell (Director)
Castle Square Corporate Finance
Tel: 0114 213 8353
Mob: 07717 326182 [email protected]