Nottingham-based Walker Catering has been acquired by Leeds-headquartered catering group, Northern Catering Equipment Group.
Walker Catering was established in 1990, offering catering supply services to customers in Nottingham, the East Midlands and across the UK.
Hilton Smythe advised Walker Catering on their successful sale. Prior to acquisition, it had 250 active clients, a 90% repeat business record, and approximately £240k cash in the business.
In addition to Walker Catering, NCE Group operates three other businesses in Leeds and Swansea and has been shortlisted for several industry awards.
Mo Romanowicz, Managing Director of NCE Group, said: “We’re delighted to have invested in Walker Catering. It has not only brought additional revenue, but also experienced and capable staff who will help us go from strength to strength.
“The team at Hilton Smythe has been invaluable in terms of providing a clear action plan and supporting us every step of the way with clear communication. We’re already discussing further opportunities for growth through acquisition for our next stage of development.”
Jacob Lord, senior deal executive at Hilton Smythe, said: “NCE Group has a clear growth strategy through acquisition, and the addition of Walker Catering to its portfolio supports its long-term aims and objectives.
“From our first meeting to completion, Hilton Smythe has been working hand in glove with NCE Group to ensure that Mo and the team were kept up to date with any developments and that the deal ran smoothly.”
