Central south-based manufacturing company L.C.M. Systems Ltd. has been sold to US-based Interface, Inc. The sale was managed and co-ordinated by Justin Levine of TheNonExec Limited.
A local M&A boutique based in Poole, Dorset, this was their third company sold this year. Having advised on over £250M deal value over a fifteen-year period, TheNonExec Limited has a growing reputation for delivering strong deals with an international reach. Managing Director Justin Levine said:
“With a back-office team based in India and the US, we are able to source buyers from a global stage. This sale is another example where we have brought in international interest which led to a very attractive deal for the sellers. We worked closely with corporate legal specialist Nick Davies and his team from Steele Raymond LLP, a combination that proved very effective for this transaction.”
LCM Systems is a specialist manufacturer of bespoke load cells and exports over 70% of its product globally. LCM shareholder and Managing Director, Steve Sargeant said:
“I would like to thank Justin with gratitude with the way he helped us through this process. It was certainly a test of patience and resilience. I’m not sure we would have got through this without his guidance and counsel. Thanks again.”
Founded in 1968, Interface is a U.S. based, women-owned technology and manufacturing company of the world’s best load cells, headquartered in Scottsdale, Arizona. Its reach and influence is global as the preeminent force measurement solutions supplier to Fortune 100 companies worldwide, including Boeing, Airbus, NASA, Ford, GM, Johnson & Johnson, National Institute of Standards and Technology (NIST), and National Metrology Institute of Germany (PTB) and thousands of certified calibration labs.
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