NVM-backed Easby Group acquires Matrix Electronics with support from GCS
GCS (formerly, GRAPH Strategy) is pleased to have provided Commercial Due Diligence to Easby Group on its acquisition of Matrix Electronics, a provider of electronics kitting and supply chain solutions.
The transaction, completed through Easby subsidiary Delta Impact, represents a significant milestone in Easby Group’s strategy to become the independent technical distribution partner of choice across electronics supply chains. The deal follows Easby’s £24m management buy-out backed by NVM Private Equity in February 2022, where GCS also advised NVM with full-scope buy-side CDD.
Matrix Electronics brings deep expertise in tailored supply chain services for OEM and EMS/CEM customers. Combined with Delta Impact’s existing capabilities, the enlarged group will deliver greater scale, expertise and service capacity, supported by a new office in Newbury and the imminent opening of a state-of-the-art warehouse and logistics hub in Thatcham.
GCS’s work on this transaction focused on assessing Matrix’s market positioning, customer relationships and operational capabilities, as well as the fit with Easby’s growth strategy.
The GCS team on the transaction was led by James Tetherton amd Nick Batchelor, working alongside Eamon Francis (Managing Director, Delta Impact), David Piddington (Managing Director, Matrix Electronics), and the wider Easby Group leadership team.
This engagement highlights GCS’s continued work in electronics and advanced manufacturing, following our role advising both investors and management teams on growth-focused transactions in specialist B2B industries.
