Total Integrated Solutions Ltd (TIS), suppliers of smart, integrated safety, communication and security solutions, has been acquired by the groups former Head of Combined Services Division.
Established more than 60 years ago, TIS has created a reputation of quality and service throughout the Midlands. They are responsible for developing some of the most advanced and sophisticated systems for clients such as The Ministry of Defence (MoD) University of Leeds, West Midlands Combined Authority and The ExtraCare Charitable Trust.
The Management Buy Out sees ownership transition from joint between James Twigg and Chris Lewis to solely James Twigg, now Managing Director and sole shareholder.
James Twigg comments “Chris has established an enviable reputation within the Defence sector over the past seven years for the provision of leading security and communication applications”
“With Chris’s support we have built a team of problem-solvers and innovators, constantly pushing to deliver integrated solutions that deliver security and stability, now and in the future, so we can protect what matters most to the people we work with.”
“The specialist advice provided by teams at Smith Cooper, Flint Bishop and Ashton Bond Gigg demonstrated their astute commercial knowledge and was in line with our aspirations, allowing Chris to exit in a timely and efficient way.”
Smith Cooper provided specialist advice on the deal structure and advised Chris Lewis on his own tax consequences of the sale. Flint Bishop addressed the legal aspects of the deal, whilst Ashton Bond Gigg Law advised Chris personally.
Smith Cooper is one of the largest independently owned and preferred accountancy and business advisory firms for owner managed businesses across the Midlands. The firm specialises in providing intelligent, efficient and cost-effective bespoke advisory services to both corporate and individual clients. Smith Cooper has six offices across the Midlands including Derby, Birmingham and Nottingham.