MC Vanguard advise DJ Drinks Solutions on sale to Nichols plc
MC Vanguard Corporate Finance and Mitchell Charlesworth have recently advised their client, DJ Drink Solutions, on its sale to Nichols plc for an undisclosed sum.
Warrington-based DJ Drink Solutions is a leading supplier of dispense soft drinks, high end equipment, post mix, hot drinks and wine. The company has over 2,000 customers including hotels, restaurants, education and healthcare, pubs, golf and tennis clubs, cafeterias, nightclubs, social clubs, and other leisure-based locations. It exclusively brand partners with Douwe Egberts, Nichols Dispense and Aqua 3.
“This deal represents a significant milestone for DJ Drink Solutions and provides a great opportunity for future growth. We have had a strong business relationship with Nichols for a number of years and look forward to working with them on developing the company further.”
DJ Drink Solutions was advised by Jerry Scriven, director, and Adam Bradbury, corporate finance executive, of MC Vanguard together with Rob Davies, partner at Mitchell Charlesworth with support from Amy Taylor and tax partner, Tim Adcock.
Jerry Scriven of MC Vanguard commented: “DJ Drink Solutions has built up a strong business, with an outstanding reputation, which offers the buyer great potential to develop the business further. We were delighted to be able to help our client secure a deal with such a prestigious buyer as Nichols plc. The deals market is buoyant with a healthy amount of people looking to buy or invest, however, we are seeing a shortage of good quality businesses for sale in the marketplace so when one comes to market we are able to secure the correct deal for our clients.”
Rob Davies added: “We have worked with DJ Drink Solutions for the past 11 years supporting the growth of the business with a full range of accountancy, business and tax services. Selling his business to a company like Nichols plc represents a fantastic outcome and opportunity for Terry Bates.”