J & S Products

The Business

Specialist automotive tools distributor established in 1992 and based in Norwich.

Grown to offering a wide range of over 6,000 automotive products, including own brand tools, for onward distribution to mechanics and engineers across the UK.

Van based distribution model with significant growth potential.

Owned in equal shares by three founder shareholders.

The Deal

Sale of entire share capital of J&S to $1billion turnover Integrated Supply Network LLC (ISN).

ISN is the largest automotive tools wholesaler and distributor in America.  ISN is backed by private equity firm Audax, with $9 billion of assets under management.

This was ISN’s first acquisition within the UK and European market.

Exit for the three founding shareholders in a 100% cash on completion deal structure.

Value Add

Instructed by shareholders to negotiate deal terms, act as lead advisers and introduce legal representation.

Advised shareholders on the best strategy to maximise value and negotiated an increase of 20% in the proposed consideration.

Managed the full scope multidisciplinary due diligence process engaging with ISN’s international advisers.

Maximised working capital and other price adjustments in the share purchase agreement.

Location

Norwich, UK

Sectors

Wholesale and Distribution

Deal

Trade Disposal

J & S Products Logo

After receiving a direct approach from a US based buyer, we were referred to JDC by an industry colleague.  We would not hesitate to recommend JDC, as their negotiation skills, expertise and experience in managing the sales process proved pivotal to us in achieving a great result and completing the deal.

Ben Rodwell J&S Products