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Acquisition of The Rack Group by IWS Group

By Dan Teuton
10 May 2021
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Submission Date: 5 May 2021

Completion Date: 2 March 2021

Target:­­ The Rack Group

Acquirer: IWS Group

Deal Value: Undisclosed

Deal Description:

Spectrum Corporate Finance has successfully advised the shareholders of IWS Group, The Industrial Workspace Specialists, on the acquisition of The Rack Group, the UK’s leading pallet racking safety, inspection, repair and maintenance professionals.

In December 2020 Spectrum successfully secured new finance facilities for the Group. We are delighted to confirm that we have now advised the enlarged group on its first acquisition following a refinancing exercise.

IWS Group provides essential services and supplies to the logistics, warehousing and material handling sectors across Europe and beyond. The Rack Group joins Beaverswood and Brandsafe under the IWS Group of companies.

Funding: Santander

Corporate Finance Advisers: Bilal Hasan, Director, Spectrum Corporate Finance.

Legal Advisers: Roxburgh Milkins – Richard Hopkins and Charles van der Lande

Financial Due Diligence: Mazars – Christopher Jackson and Karen Wearn