Sale: Nusteel Structures Ltd
Established in 1954, Kent based Nusteel Structures Limited (Nusteel) is one of the leading suppliers of steel bridges, gantries and complex structures to the construction industry. Its clientele includes major tier one contractors working on key infrastructure projects for National Highways and Network Rail. With decades of experience, Nusteel are now well established in the heavy fabrication sector, providing in-house design, fabrication, protective treatment application, delivery and installation services.
Nusteel reported a turnover of £12.6 million for the year ending 31 October 2023 and employed a monthly average of 89 staff, including 67 in production.
The existing management team at Nusteel will continue to lead the company, maintaining control over strategic and business decisions. This continuity is pivotal to ensuring that the company stays on course with its long-term objectives, particularly as it navigates this new ownership framework.
Crowe's role and team
Crowe acted as the lead advisor to the shareholders, the sale was led by Geert Struyven and the tax advice was provided by Simon Warne, supported by Peter Bowles.
Client quote
"We were grateful for the expert professional advice and guidance, including tax and valuation services received from Crowe throughout the complex EOT transaction process. We strongly recommend them for their expertise and professionalism in this field.”
Kevin Kelleher, Managing Director, Nusteel Structures Ltd
