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Hazlewoods Corporate Finance team advise on the sale of Active Electronics Plc

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10 July 2018

Hazlewoods Corporate Finance team are delighted to announce the sale of Active Electronics Plc, an electronic components distributor and sourcing specialist.

Active Electronics, which supplies components and assemblies to the aerospace and defence industries, was bought by Clive Scott, South West-based businessman, for an undisclosed sum.

Hazlewoods Corporate Finance team acted as sole and exclusive advisers on the sale, managing the transaction from inception to completion, finding the purchaser and coordinating the deal through due diligence. 

Established in 1974, Active Electronics has become a leading service provider of electronic components, combat identification products and defence equipment to a wide-ranging blue chip customer base.

The business, with headquarters in High Wycombe, has a procurement subsidiary in New York, USA and a sales office in Sydney, Australia. In 2017, the business achieved sales of £12 million. 

Mr Scott, said: “Active is a leading specialist in its field and is well known for its excellent quality and customer service, as evidenced by its SC21 Silver approval. I am looking forward to working with the experienced team as the company moves forward.”

Steve Roe, former Chairman and shareholder of Active Electronics, said: “Hazlewoods assisted me with the disposal of my family business and I would heartily recommend them. From the beginning of the process, right through to the end, they were extremely professional, diligent and responsive to any matters that arose.

“A particular mention must be given to Rich Grover, who assisted Paul Fussell with the transaction. He was always there to quickly resolve any issues or questions I had and was exemplary in the service he provided.

“I was very happy with the way in which the transaction was managed every step of the way and would have no hesitation in recommending Hazlewoods to other business owners looking to sell.”

Paul Fussell, Hazlewoods Corporate Finance Partner, said: “We are delighted to have advised Mr Roe, whose father founded the company some 44 years ago.

“We wish Mr Roe and his family every success for the future and are delighted the company has been acquired by Mr Scott, whose industry expertise will no doubt prove invaluable in driving business success for the future.”