Pimseal, a supplier and distributor of specialist industrial sealing products has completed a seamless handover to its new owner with the help of a finance solution from Shawbrook.
Cheltenham-based Pimseal has a 40+ year track record of supplying a range of specialist industries with rubber and PTFE seals, gaskets and O-rings. The firm’s customer base includes international blue-chip companies which rely on Pimseal’s technical knowledge and bespoke service.
The acquisition by Euston Ventures follows agreement with Pimseal’s former owner, a member of the company’s founding family, about the right time for the business to transition to new ownership with no disruption to business operations, maintaining continuity for the firm’s long-standing employees, suppliers, and customers. Shawbrook is providing a bespoke commercial loan solution.
Mark Dominik, Partner at Euston Ventures, said: “As investors, we are particularly keen on stable, specialist businesses with long-term customer relationships supported by loyal, long-standing employees. Pimseal is a perfect fit for those criteria, with its impressive client base across the world and strong team. We’re grateful to Shawbrook for their work on the transaction, once again providing clear and flexible support.”
