Sale of Kingcombe Aquacare Limited to a trade buyer

Wilsons have advised John and Theresa Colton on the sale of Kingcombe Aquacare Limited, a niche water civil engineering business, to Stonbury Limited, a £24 million revenue specialist contractor to the water industry, for an undisclosed sum.

Kingcombe's MD, John Colton, said "We were introduced to Wilsons once outline terms had been agreed with the buyer. The decision to sell Kingcombe after 30 years of growing the business was not an easy one to make but the calm, professional and resolute manner with which the Wilsons team dealt with the many issues that arose during the process was impressive. We are so glad that we accepted the recommendation to appoint Wilsons.