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One of the UK’s suppliers and distributors of specialist industrial sealing products has completed a seamless handover to its new owner with the help of a finance solution from Shawbrook.

Cheltenham-based business Pimseal has a 40+ year track record of supplying a range of specialist industries with rubber and PTFE seals, gaskets and O-rings. The firm’s customer base includes international blue-chip companies which rely on Pimseal’s deep technical knowledge and bespoke service.

The acquisition by Euston Ventures follows agreement with Pimseal’s former owner, a member of the company’s founding family, about the right time for the business to transition to new ownership with no disruption to business operations, maintaining continuity for the firm’s long-standing employees, suppliers, and customers.

As an established business with a clear niche and recurring client base, Pimseal’s technical offering puts the business in a strong position to continue growth in a market which demands expertise and high-quality products.

Mark Dominik, Partner at Euston Ventures, said: “As investors, we are particularly keen on stable, specialist businesses with long-term customer relationships supported by loyal, long-standing employees. Pimseal is a perfect fit for those criteria, with its impressive client base across the world and strong team. We’re grateful to Shawbrook for their work on the transaction, once again providing clear and flexible support.”

Oliver Sutton, Director, Corporate Lending at Shawbrook, said: “Shawbrook and Euston Ventures have developed a strong relationship over time, helping us complete the finance arrangements to a tight timeline. Pimseal has deep technical expertise gained over many years and is in a strong position in a competitive sector. The support of all parties was instrumental in getting the deal over the line quickly, ensuring a seamless transition.”

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