No cause for alarm
TFS Systems is a specialist supplier of fire detection and alarm systems based in Chesterfield. The business has grown significantly in recent years under the ownership and stewardship of Rob Tamlyn and has developed an enviable reputation within the South Yorkshire and Derbyshire region. Following this transaction it is extremely well placed to capitalise on future opportunities as part of the larger Goldshield Group.
Led by director John Longstaff and manager Tim Brind, BHP Corporate Finance ran a competitive auction process in order to identify a suitable buyer and execute the transaction. Integrated transaction tax advice on the sale was provided by senior corporate tax manager Graeme Davies.
Following the transaction Rob Tamlyn commented on behalf of the shareholders “Having developed the business over recent years we are delighted to have found an excellent buyer who we believe has the enthusiasm and vision to take TFS to the next level. We would like to thank the BHP Corporate Finance team who worked tirelessly to ensure that the sale proceeded smoothly”.
John Longstaff commented “We are extremely pleased to have advised the shareholders of TFS on this highly successful disposal. We have been working with Rob and his team during the past 12 months to identify a suitable strategic purchaser and I am confident TFS will continue to prosper as part of the Goldshield group”.