The Alumasc Group plc (LSE:ALU) acquired the entire issued share capital of Wade International Limited from Ralph Thomas for £14 million on a net of cash and debt free basis on January 31, 2018. Under the terms of the transaction, Alumasc would pay a gross consideration of £14 million, out of which net of cash £6 million. The consideration is subject to completion accounts adjustments. Alumasc funded the acquisition through its existing credit facilities. Alumasc values the transaction at 4.7 times EBITDA and 5.7 times EBIT. For the year ending June 30, 2017, Wade reported revenues of £5.7 million and profit before tax of £1.4 million. Wade employs 56 managers and staff who will remain with the business after completion. The acquisition is expected to be earnings enhancing in the first full year post-completion. Simon Bloomfield of Glenmill Partners Limited acted as an advisor for Alumasc. The Alumasc Group plc (LSE:ALU) completed the acquisition of the entire issued share capital of Wade International Limited from Ralph Thomas on January 31, 2018.