Exploring new markets and products with an recent acquisition
Cobra Sport Performance Exhausts are based in Sheffield. They had previously worked with JP Exhausts and we’re keen to acquire the company to expand their markets. Rachel Abbott shares her experience working with Uscita as a buyer.
“We discovered that JP Exhausts was for sale via a contact of ours in the industry. We’d worked with the company before and it helped that we had a history.
Uscita were acting on behalf of the seller, rather than us as buyers but were very helpful. Our experience with Uscita is a positive one, with all the information we needed being provided and Alex and Paul keeping us informed throughout. They helped with the negotiations and guided us, we didn’t really know what to expect.
John wanted to retain his staff and so we relocated the business locally to Congleton to continue their good work. We had initially rented the building from John whilst details of the relocation were finalised.
Uscita provided a lot of the required financial information, the correct information to include in the contract as well as the NDA. The acquisition of JP Exhausts means we have been able to expand the Cobra Sport and Exhausts UK group and are currently in the process of restructuring the group. We are able to explore new markets and new products whilst retaining the existing JP Exhausts client base. We are also delighted to continue to work with the loyal employees.
Uscita were professional as expected and we would certainly recommend them or work with them again in future.”
Rachel Abbott – Cobra Sport
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