Express Metals

We’re pleased to have acted as lead advisers to the shareholders of Express Metal Services on the completion of its sale to a US-based investment company.

Express Metals is a multi-metal stockist based in Swansea, which works with a number of blue-chip customers. It was founded by Anthony and Donna Blount in 2001 and has since grown significantly to be one of the leading players in the sector in South Wales.

Our Corporate Finance team led by Director Thomas Edwards advised the shareholders throughout the sales process – from identifying a preferred bidder to initiating and structuring the negotiations. Anthony, Founder at Express Metal will remain with the company post-acquisition and take a role with the enlarged business.

Thomas Edwards, Director at FRP Corporate Finance, said: “We have known Anthony and Express Metals for a number of years and were delighted to act for them on the successful sale. There is an excellent strategic fit between the two companies which should ensure the future success of the combined businesses.”

Anthony Blount, Founder of Express Metal Services, said: “We, and all the staff at Express Metals, are extremely pleased and excited with the acquisition deal that the Cardiff team has put together. With their help, support and professional advice, the process was well structured and went to plan. The acquisition represents a perfect opportunity to grow the business further with the support of the investors by expanding into more product categories and markets in a rapid and profitable manner.”

Michael Williams of JCP Solicitors provided legal advice to the vendors, while Clive Atkins of Atkins & Co provided accountancy support.