API was founded by Allan W Gray and his son Allan J Gray, in the 1990’s and is headquartered in Wigan. The Company employs 50 people and has more than 2,200 clients. Convex were instrumental in developing a courtship between HighJump and API, which resulted in HighJump becoming a very strategic buyer and delivering value of nearly 14x EBITDA for the API shareholders. Both Father and son will continue with the business.
Founder Allan Gray said “many thanks to the team at Convex, who performed brilliantly and hand held us through the process. We have worked with them for over 20 years on all of our M&A transactions.”
The Convex difference: courting the perfect buyer to deliver exceptional shareholder value
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