Regent Assay advises on acquisition of leading professional painting equipment and ducting brands
Gallito and FastClip were acquired as part of the acquisition of DCS Group two years ago, but were not deemed core to the growth strategy of Absolent Group AB, Filtermist’s parent company. As a standalone business, trading as Gallito Ltd, the senior management team welcomed the acquisition and the return to operating as a flexible SME: “This is an exciting development for the business which once again can now govern its own destiny. Management and the workforce are delighted that this means the company can decide on its own strategy and the direction the business should take”.
The investor group plan to leverage the advanced skill sets of the team and its market reputation to grow a diversified industrials group capable of offering design, manufacturing, fabrication and CNC machining to a broad range of sectors.
The transaction was led by Guy Hemington at Regent Assay, with Peter McLintock of Mills & Reeve providing legal support.