Troika was established by Philip Hall in 1996 who had significant knowledge and experience in the printing industry. He identified there were inefficiencies within the industry due to lack of quality control and standards on the capital equipment, costing printing companies significant amounts through wasted print runs. Philip developed innovative products to address these issues.
Philip Hall of Troika, said “I am delighted to have worked with Watersheds on the successful sale of my business. I believe the business can be taken to the next level with the current management team under guidance and support of a more experienced owner. Therefore, it was important to me Troika was sold to a buyer who saw the potential and more importantly would look after the loyal staff who have supported me all these years.
“The process of selling my business was overwhelming but Watersheds were there to advise and support me by co-ordinating all parties and managed the transaction throughout.”
The business acquisition allows Troika to grow with the current experienced management team, guided by Midlands based investment company Fresh Equity Limited.
Wendy Lam, Partner at Watersheds, said “Troika manufactures a very unique product therefore it was important to find a buyer who could see the potential application across other sectors and build upon that opportunity.
“I am pleased to have been able to deliver Philip’s expectations. We identified Fresh Equity as a potential buyer and made a direct approach. They were able to deliver a growth plan which excited the existing management team and allow for the business to remain at Highworth, ensuring all the staff continued with the business on its exciting new journey ahead.”
Legal advice was provided by Clark Holt with accounting and tax support provided by Morris Owen.
If you're looking to sell a business and need expert support and advice, the team at Watersheds have over 22 years' experience. We've helped hundreds of business owners reach their goals. Contact us today and sell you business with confidence.