NVM exits Interlube Systems in trade sale
NVM Private Equity has sold British automated lubrication producer Interlube Systems to a subsidiary of The Timken Company, reaping a money multiple of 3x.
Timken is based in Ohio, US, and engineers, manufactures and markets mechanical components and high-performance steel.
Timken has been adding to its portfolio of businesses and views Interlube as compatible with its core product lines and power transmission acquisitions.
NVM invested in the management buyout of Interlube over 12 years ago.
Company
Interlube is based in Plymouth, UK, and manufactures and markets automated lubrication products for use in commercial vehicles, cranes, quarries and heavy-duty production lines. The company operates from facilities located in the UK and US.
With 2012 sales of £8.5m and 90 employees, the company has increased its market share by making strategic acquisitions.
People
Martin Green is managing director of NVM. Mike Cusack is managing director of Interlube.
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