One of the UK’s leading distributors of air compressors, nitrogen generators and cooling equipment has been sold to a global market leader.
With the support of advisors at Knights, Maziak Compressor Services has been acquired by Atlas Copco – a global market leader in compressed air solutions.
Wellingborough-based Maziak Compressor Services was founded in 1958 and has built a reputation as a leading UK distributor of air compressors, nitrogen generators and process cooling equipment and provides related services and support.
The business has many long-standing clients in the East Midlands, East of England and the rest of the UK.
Its sale to Atlas Copco will not change the day-to-day running of the business – with Maziak set to remain as a standalone company within the Atlas Copco Compressors UK division of Atlas Copco UK Holdings Ltd, under the Maziak brand name and the current Senior Management team.
Maziak were supported on the sale by a team of advisors from Knights led by James Maynard (Corporate) alongside Ashley Simpson (Corporate), Callum Fotheringham (Corporate), Erin Vickers (Real Estate) and Johanne Jackson (Employment).
Maziak were also advised by also advised by Magma Chartered Accountants.
James Maziak, former managing director and majority shareholder of Maziak Compressors, said:
“With the support of so many amazing people inside and outside the Maziak business, I am proud of what we have built over the last 32 years, on the foundations laid by my mother and father.
“Becoming part of Atlas Copco, with its focus on interaction, innovation and commitment, will propel the business forward to deliver even more for our people, our customers and the environment.
“We were delighted by the support provided by Knights. They expertly guided us through the transaction from start to finish and went above and beyond to get this sale across the line no matter what day of the week or time of day.”
James Maynard, Corporate Partner at Knights, said:
“It was a pleasure to work with James Maziak and the other shareholders on this transaction. I am sure that Atlas Copco will be a great fit for the business and propel its future growth.”
Knights is one of the fastest-growing professional services businesses in the UK.
With 25 offices nationwide, Knights is ranked within the top 50 UK law firms by revenue. The business has specialists in all key areas of corporate and commercial law.