Clearwater Corporate Finance (Clearwater), a UK member of the international mergers and acquisitions organisation, IMAP, has advised Farsound Engineering (Farsound), on its sale to RG Industries LLP (RGI), a new partnership between Rubicon Partners (Rubicon) and Grovepoint Capital (Grovepoint).
Founded by the late Roger Gulperin in 1979, Farsound is a leading manufacturer and supply chain manager of precision components for the aerospace and defence industries. It has a global, blue chip customer base and operates from state of the art premises in Romford, Essex. The firm employs around 100 people across its manufacturing and supply chain MRO divisions.
Farsound has enjoyed strong growth in recent years. Forecasts indicate that this trend will continue through 2012 and beyond, with the company driving forward its strategy to penetrate new geographical markets and expand its customer base.
UK-based industrial investors, Rubicon and Grovepoint, formed RGI to build a global portfolio of high quality industrial businesses, with a focus on those operating in the manufacturing and distribution sectors. Farsound is the first acquisition for the portfolio, and it will provide RGI with a solid platform from which to make further acquisitions in the aerospace sector.
The Clearwater team that advised Farsound on the sale comprised partner Jon Hustler, assistant director Mark Day and senior industrial analyst Constantine Biller.

Head of industrials at Clearwater Corporate Finance, Jon Hustler (pictured), says: “The prospects for the aerospace sector are very positive and the acquisition of Farsound confirms that there is growing interest from strategic investors in the industry.
“Farsound is a high-quality, well-invested and well-managed business. I am confident that it will go from strength to strength under its new ownership”.
Debbie Gulperin, the major shareholder at Farsound, says: “Despite the challenging economic backdrop, we have seen increasing acquisition activity in the sector, as investors seek out good, sound businesses.
“Farsound has worked hard to establish itself in key technologies and markets, and RGI is the right buyer to further this strategy and take the business forward. Working closely with the management team, RGI’s influence will ensure the continuation of the growth and success achieved over recent years.”
Farsound is Clearwater’s second deal in the aerospace and defence sector this year, having previously advised Tritech Group Limited on its sale to Indian castings manufacturer Uni Deritend Limited.
