fds Leads International Acquisition

15 October 2019 |
by Rachel Gill

Award-winning corporate finance boutique fds Director Services advises on the acquisition of controlling interest in Nautech Services to international company iPS Powerful People.

Operating from its headquarters in Jersey, Nautech Services is an established provider of temporary and permanent survey and marine personnel to organisations all over the world. In addition to providing personnel services, Nautech also offers equipment and survey solutions for a variety of projects.

The acquirer, iPS Powerful People, has a presence in 20 countries and is a global partner for maritime, energy, and civil engineering companies dealing with complex challenges in the area of recruitment and payroll services.

Poonam Kaur, managing director of fds based in Wakefield, led the deal on behalf of Peter Harrison, owner and managing director of Nautech, to ensure an effective and timely completion. Throughout the deal Poonam held the transaction together and was in constant communication with both parties to minimise any delays.

Poonam Kaur comments: "Finding the right home for this business was essential to our client. Having established the business over 27 years Peter had provided us with the challenge of finding the right partners and securing a deal that realised the majority of his investment to date. The deal that we have secured has allowed Peter to be part of the exciting next chapter for the company.”

Peter Harrison said: “I would like to congratulate you, Poonam, on an excellent professional transaction and thank you for being there throughout the whole process when I needed you. IPS is the right home and will take Nautech to the next level in future.”

Rob Kooijmans, Director at iPS Powerful People said “For iPS Powerful People, the Nautech activities are a seamless fit to our business portfolio. The Nautech team operates with equal dedication and professionalism for the optimal support to contractors and clients. Poonam very well understood the common values of both companies and the engagement of their owners with the industries they are working in, and was able to translate this into a deal which gives a lot of confidence for the future.”

iPS Powerful People and Nautech Services have agreed to intensively collaborate. With this agreement iPS Powerful People will strengthen their position in the Survey and Marine markets, and Nautech Services will benefit from an expanded international footprint and expertise of iPS Powerful People.

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