Prism Corporate Broking is pleased to announce the successful facilitation of the sale of Sonaspection International Limited, a leading manufacturer of NDT calibration samples, to a private investor. The company, a long-established name in the non-destructive testing (NDT) industry, was acquired by members of its management team, supported by George L. Tsangarides of Athanasia Investments LLP.
Sonaspection, headquartered in Lancaster with an additional site in Charlotte, USA, is internationally recognized for producing flawed specimens used in the calibration of NDT equipment and training. Their products, crafted from steel and aluminium, are purposely flawed through expert welding, casting, and forging, offering a critical resource for NDT professionals. Over the years, Sonaspection has set the standard in the NDT industry for the creation of these specialized specimens, playing a key role in both training and equipment calibration.
Prism Corporate Broking, an M&A advisory firm with over 20 years of experience, played a pivotal role in the transaction, offering comprehensive support throughout the sale process. From identifying potential acquirers to guiding the negotiations and due diligence stages, the Prism team ensured a seamless and successful sale.
The sale to the management team, with the backing of investor George L. Tsangarides, marks a new chapter for Sonaspection, ensuring its continued legacy as a leader in the NDT calibration samples market.
Reference: https://www.cambridgenetwork.co.uk/news/prism-facilitate-sale-ndt-calibration-samples-producer
