Community News

Montfort advises Melrose

30 July 2015

Montfort Communications advised manufacturing acquisition business Melrose Industries on the sale of meter company Elster to the US industrial giant Honeywell International for £3.3bn.

Montfort advises Melrose

The Montfort team will continue to work with Melrose following the transaction. The deal sees Melrose, which aims to turnaround manufacturing businesses for profit, with one remaining asset, Brush Turbogenerators.

The brief, which includes corporate and financial support, is being managed and maintained by Montfort's founding partner Nick Miles, senior consultant Charlotte McMullen, consultant Hannah Glynn and Marc Ng.

Nick Miles said: "The success of the deal represents yet another milestone in Melrose’s outstanding track record for shareholder value creation.

"A distinct part of Melrose's success has been the way they have built a dedicated and loyal set of advisers who have served for many years across legal, accountancy, investment banking and broking. We have been lucky enough to have served in that core team and played our part in what has been an extraordinary success story."