RSM provided financial and tax due diligence in respect of the acquisition of the trade and assets of the ShockLog by ShockWatch Inc.
ShockWatch Inc, the largest distributor of Shocklog products in the US, acquired the trade and assets of the ShockLog product range from The IMC Group Limited.
An industry leader in impact detection for almost 40 years, ShockWatch Inc currently enables over 3,000 customers and some 200 partners in 62 countries, detect the mishandling that causes product damage and spoilage during transport and storage.
The products offer tailored monitoring technology, which delivers vital data from environmental parameters such as temperature and humidity.
The acquisition by ShockWatch represents a significant shift in the strategic direction of the business, harnessing product knowledge and the realisation of growth in the market.
What RSM did
'Our firm has worked with [Nick Williams] and the RSM due diligence team on two separate transactions in the past 24 months. The team was very knowledgeable, responsive, and provided thorough and thoughtful analysis. As a buyer located in the U.S. acquiring a target in the U.K., the team was assisted us in getting up to speed on any unfamiliar issues. They were also able to provide us with the appropriate resources within their firm to assist us with structuring the transaction in a tax efficient manner that benefited both parties.'
Ryan Kelly, Capital Southwest
Nick Williams, Partner, T:+44 (0)23 8064 6540