Dains Corporate Finance provides due diligence services on United Tooling Solutions' acquisition
The Dains Corporate Finance team has recently performed financial due diligence on E.A. Martin & Son Limited for the purpose of the acquisition of this company by United Tooling Solutions Limited (UTS).
In March 2023 UTS purchased a new business to support its member growth strategy. E.A. Martin & Son Limited is an important addition to the group and will help UTS to further support its growing network of 394 members.
Northern Ireland-based E.A. Martin & Son Limited is a family business which has been successfully providing hardware, tools and equipment to builders’, agricultural, plumbing, electrical merchants and hardware traders locally throughout Northern Ireland and the Republic of Ireland for three generations.
Roy Farmer, Rob Wilson and Kam Atwal undertook financial due diligence on E.A. Martin & Son Limited, which is the latest of multiple transactions Dains have worked with UTS on.
Our work included a review of the historic financial performance and compliance with UK GAAP as well as a quality of earnings review, normalised working capital, and surplus cash/net debt calculations.