Birkett Bogmats

Specialist timber mat supplier serving multiple sectors

Birkett Bogmats, incorporated in 2014, specialises exclusively in the supply of hardwood timber bog and crane mats.

The company’s products are used across industries including construction, civil engineering and plant hire, for trackways, access roads, working platforms, jetties and various other purposes.

Birkett has built a reputation for reliability, a commitment to customer service and consistent product quality at competitive prices, becoming one of the market leaders in its division throughout the UK and Europe.

“I’m very happy that we found Birkett and the great team working there. Birkett provides a crucial product to its customers, paired with fast and flexible deliveries.

“The business model is genius in its simplicity and creates value for all parties involved, including the environment. This will be fun!”

Johan Steene, CEO, Teqnion

Shareholder exit to enable retirement and realise value

Our client had already relocated abroad, and her husband had retired. She partnered with KBS Corporate to ensure she could secure an exit that would allow her to fully retire and start a new chapter with her family.

There were also significant growth opportunities available for the company – specifically the potential for:

• An expansion of its hire services
• Scope to reduce delivery times by bringing haulage services in-house
• Acquisition of additional warehousing facilities
• Introduction of an installation service
• Expansion of product range
• Increased sales and marketing outreach

Delivering improved terms through a transparent process

Teqnion, the buyer, turned out to be an outstanding acquirer that emerged from the process. Our team, led by Fabio Rambelli and Fahad Latif, was able to secure financial and commercial improvements to their offer that directly benefited the seller.

However, the success of this project came down to an open and transparent process that we were able to put in place between all stakeholders. This ensured we were able to tackle issues quickly, and the positive relationship allowed all parties to take a pragmatic approach to the complications that inevitably occur when selling or buying a business.

“I couldn’t be happier with the service I received. Fabio led the process brilliantly from start to finish, providing clear advice, reassurance and strong guidance at every stage. Fahad worked closely with Fabio throughout and was great to deal with — responsive, professional and always supportive.

“The wider KBS team were excellent, always proactive and clearly had my best interests at the forefront. Selling a business is a huge milestone, and I’m extremely grateful for the hard work, dedication and care shown by Fabio, Fahad and the team.

“I would not hesitate to recommend KBS Corporate to anyone considering a sale.”

Juanita Watts, Managing Director, Birkett Bogmats

Favourable transaction agreed with known acquirer following pragmatic process

Teqnion, a fast-growing Swedish industrial group, is a buyer well known to KBS and was making its ninth acquisition through us in less than two-and-a-half years. 

While some challenges emerged during the process, they were addressed constructively, which averted any need for a confrontational approach and meant we were able to deliver a favourable outcome for both sides.

We negotiated a fair offer that ensured both sides were happy with the final deal, and which allowed our client to pursue the retirement she wanted.

“I’m proud to see Birkett Bogmats become part of Teqnion, a group that shares our values of quality, service and long-term thinking.

“Teqnion has an outstanding track record of supporting and developing entrepreneurial companies and I’m confident that under their ownership, Birkett Bogmats will continue to thrive and expand.

“Their commitment to empowering businesses gives me great reassurance that the company’s future growth and success are in very capable hands, and I look forward to the journey ahead for Birkett Bogmats.”

Juanita Watts, Managing Director, Birkett Bogmats