91̽»¨

Our M&A team has successfully advised on the corporate carve out and sale of Casella Holdings Limited (Casella), a subsidiary of IDEAL Industries, Inc (IDEAL) to TSI Instruments Limited (TSI).

The client

Established in 1799 and based in Bedford, UK, with a presence in the US, China, and India, Casella is a global leader in the occupational hygiene and environmental monitoring market. It manufactures a range of test, measurement, and monitoring instrumentation, including real-time dust monitors, personal sampling pumps, sound level meters, vibration monitors, and outdoor boundary monitoring systems.

The sale represents a strategic divestiture of a non-core asset by IDEAL, a global manufacturer of professional electrician products, high power density connectors, and superior charging systems, to TSI, a subsidiary of Minnesota-based TSI Incorporated, an industry leader in the design and production of precision instruments.

RSM’s solution

Our M&A team advised the IDEAL Board on the transaction, using our deep sector knowledge to package the opportunity and identify suitable purchasers, managing a discreet process and negotiating all aspects of the deal. The sale of Casella adds to a growing number of corporate carve-outs we have advised on while building our credentials in regulatory-driven markets across health and safety. 

Transaction team: Helen Brocklebank, Oliver Currie, Mikey Goodwin, and Louise Berrie

Testimonial

‘I am delighted that 91̽»¨has secured a new home for Casella. This was a technically challenging disposal and finding the correct M&A team with the experience and understanding of complex corporate carve-outs was essential. As our people are at the heart of our business, our goal was also to find a buyer who shared our values and would ensure the continued success of Casella. The 91̽»¨team were committed to delivering our objectives. They were detailed, thorough, and dedicated and this ultimately led to a great outcome for IDEAL and the Casella team. Thank you to 91̽»¨for helping us to achieve a great result.’

Doug Sandford, Senior Vice President of Electrical & Infrastructure
IDEAL Industries, Inc.